Loan lenders checking borrowers social media accounts during COVID lending research
Loan lenders checking borrowers social media accounts
By: WEWS Staff
and last updated 2021-06-22 15:56:45-04
CLEVELAND â The COVID pandemic has forced many businesses to adapt their business model to survive until customers feel comfortable shopping in person and going back to farmer s markets.
When those business owners go for loans, they often find that lenders are getting creative when vetting a company to determine if itâs worthy of a loan.
âIâm talking to [a lender], Iâm like, âHereâs my Instagram, I have a thousand followers, â said Michael Killik, who founded Killik Hot Sauce Company. âThis lady writes it down, and Iâm like, huh.â