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Loan lenders checking borrowers social media accounts during COVID lending research

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 — 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 it’s worthy of a loan. “I’m talking to [a lender], I’m like, ‘Here’s my Instagram, I have a thousand followers, ” said Michael Killik, who founded Killik Hot Sauce Company. “This lady writes it down, and I’m like, huh.”

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