The Automotive Service Association (ASA) reported that the Federal Trade Commission (FTC) held a forum that found due to time restrictions, small businesses may not always choose the best financing tools for their needs.
Instead, small businesses are focused more on ensuring that their business is operating efficiently, rather than spending time to learn the ins and outs of the numerous financing tools available. Experts on the panel addressed other key issues such as access to capital, annual percentage rates and lending.
The Forum was made up of three panel discussions. In the first panel, speakers provided an overview of
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