As the government's small business lending program struggles to find its footing, many online and alternative lenders say they're filling the void, offering to help merchants tap into federal funding designed to ease the economic pain caused by coronavirus.
But because most of these lenders are not yet approved to handle Small Business Administration (SBA) loans directly, some experts fear that merchants may be targeted by unregulated lenders and wind up with loans costing far more than the 1 percent, two-year deal the government is backing.

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