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WNM 2021 Avoiding the Payday Loan Trap

Wed 5:30 PM to 6:30 PM

This event has been canceled

Has COVID-19 created financial stress on your business or personal finances? Are you feeling trapped? Do you see the quick fix of getting a payday loan as appealing? Be cautious, payday loans are risky for your business. They’re one of those financial arrangements that’s incredibly easy to get into, but painfully difficult to get out of.

A payday loan may seem like the only option in a financial emergency if you have poor credit and no savings, but this option can be more harmful than good. Find out how these loans are risky for your business and learn some alternatives you can apply to help your financial emergency during COVID-19.

Reasonable accommodations for persons with disabilities and language assistance services are available for limited English proficient individuals. Please notify Holly Patterson at when you register for the class, or no later than 24 hours prior to your class, so that WESST can make sure necessary accommodations are available. All programs and services are provided to the public on a nondiscriminatory basis.

The Women's Business Center is funded in part by the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

Speaker(s): Holly Patterson, Regional Program Coordinator, WESST Farmington Women's Business Center Cesare Tonini, Director of Lending, WESST Loan Fund

Please Note: THIS CLASS IS BEING OFFERED ONLINE. AN INTERNET CONNECTION AND A COMPUTER (or highly capable tablet-type device) ARE NECESSARY. Video conferencing instructions will be sent to you after you have registered for the class. This training class will be delivered in English.

Fee: No Cost

Association of Women's Business Centers

U.S. Small Business Administration

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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