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Stories with person: Karen Mills
  • Fast and easy loans come at price for small businesses 
    Updated: Oct-01-15 11:05 am

    NEW YORK - It sounded like a sweet deal: A loan broker walked into Southern Girl Desserts offering the Los Angeles bakery a $40,000 loan that could be deposited in a bank account quickly. Already rejected for a loan from a bank, co-owner Catarah Hampshire took the offer and hired more workers to whip up peach cobblers and sweet potato cupcakes.