RE: With the help of politicians Fay-penn loans money at a fee to peo-le with a business plan to help generate small businesses and create jobs. I have a small business and took the time to do a financial business plan and was able to borrow money from fay-penn . It isnít free not only do you pay interest you also pay a yearly fee of 1% of the balance of the loan every year on the anniversary of the loan. So before your shoot your mouth know what you are talking about
That's cause you are small fry and pay interest. Big schemers get gifted, and Fay-Penn staff do real good especially now they are not paying out settlements to women.
RE: With the help of politicians That's cause you are small fry and pay interest. Big schemers get gifted, and Fay-Penn staff do real good especially now they are not paying out settlements to women.
I run Fay-Penn. We do loans primarily to businesses that aren't "bankable," i.e., too high a risk for traditional lenders to take on by themselves. That involves a lot of first time business owners that couldn't get going otherwise. (We also partner a lot with banks and other lenders to provide the best package to our clients.) Our interest rates vary based on a number of factors, but are in line or less than what a bank would charge, especially when you consider that we're taking on riskier loans. No "gifts" to whatever a "big schemer" is. We can, however, work with companies that have plans to create numerous, well paying jobs to talk to PA about incentive programs the state has for such cases that may include some grants.