Borrowize is excited to announce that we are now a signatory of the Small Business Borrowers’ Bill of Rights (SBBOR)!
This means that we have publicly committed to ensure small business owners have access to funding that is both transparent and fair. By signing, Borrowize joins a coalition of industry leaders committed to eliminating predatory lending to small businesses.
The six main governing Rights behind the SBBOR are:
- The Right to Transparent Pricing and Terms
- The Right to Non-Abusive Products
- The Right to Responsible Underwriting
- The Right to Fair Treatment from Brokers
- The Right to Inclusive Credit Access
- The Right to Fair Collection Practices
The ideas behind the SBBOR really encompass many of the reasons we started Borrowize. Oftentimes it can be confusing and difficult to find a lender that has your best interest in mind, essentially forcing Borrowers into alternatives with hidden costs and predatory features.
Borrowize decided to only partner and build relationships with the best in the business. Access to quality loan products shouldn’t be as difficult as it has become. That’s why we are dedicated to giving the power back to the borrower, by providing access to some of the best lenders in the business, all in one place.
You will only find transparent, fair, non-predatory and responsible lenders on our online network. We invite you to visit our website and search our student, personal, and small business lender network. Also, check back in for new lenders we will be adding shortly!
For more information on the Small Business Borrowers’ Bill of Rights and the other signatories visit: http://www.responsiblebusinesslending.org.