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The site said that was an annual percentage rate of more than 1,300 percent. I did not agree to take the loan.
But within minutes, my phone rang (I had entered my real phone number). It was a guy from Tremont Lending, in South Dakota. I told him I was a reporter, that I didn't really want a loan, and I figured that would be the end of it. But then, I started to get more calls. "Hi, Mary. My name is Ethan, Ethan Foster, and I'm calling from InstaLoan. And this call is regarding the loan application which you put online.
The borrower repays the loan under the normal terms of the agreement. Many business loans require a guarantor, someone who signs off, to guarantee the loans repayment. If the business defaults, the guarantor can be on the hook to repay the loan--and if the guarantors are the business owner, their personal assets may be at risk. Check n Go Valley Mills Dr. Store Hours. Easy In-Store Application. Products and Services in Waco. In-Store Products. In-store Services.