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Mr. Ai said he began repaying the small loans, each less than $2, on Oct. 29.
Have the private equity division make irredentist territorial claims against the small loans division, inducing Balkanization.
Complying with such requirements is too costly for the small loans the industry dispenses, lenders argued.
The small loans provide a new, though minor, source of revenue for the institutions.
Farmers worry that they will default on the small loans -- often about $20 -- used to buy seeds.
To ensure that the small loans would be profitable for their shareholders, such banks needed to raise interest rates and engage in aggressive marketing and loan collection.
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The small loan?
That's been their line ever since the small loan laws were adopted in the early 1900s".
Others used another law, the Small Loan Act, to charge up to 423percentt on a $100 loan.
Many more banks now participate in the Small Loan Advantage program, but that could be simply because the agency has opened the program up to many more banks.
In particular, she said, the S.B.A. has adapted its own business credit-scoring model for making preliminary decisions about borrowers in the Small Loan Advantage program.
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