Short term loans are actually awesome

I don’t care what people say about short term loans — especially not what big banks say. Big banks hate people who get a short term loan because it’s basically competition for their long-term loans. You don’t hear about this in the paper.

Mostly, the bigger financial institutions want to penalize the small lenders because they can’t be as easily controlled by corporate america. Most of the small loans come from small financial businesses — like most thinks these days, it’s a question of power.

That’s why I think short-term loans are awesome — if just to help the little guy in his struggle to survive.