More Perfect Union
@moreperfectunion·3.5M subscribers·1.9K videos
We Investigated the Scam Turning $30,000 Loans Into $160,000 Debts. It’s Killing Small Businesses.
Posted
August 11, 2026
Views
138,242
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10,875
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August 11, 2026
138,242
10,875
584
8.29%
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2:42Now PlayingLoan sharks found a loophole that lets them charge small businesses nearly 3,000% interest, and it's driving people into bankruptcy.
We talked to a dozen small business owners. Some report taking out $30,000 loans and having to pay back $160,000.
This is a quiet scam killing the middle class, but some states are seeking solutions.
There’s a bill moving through the California legislature right now that would require MCAs to have a license to operate in the state and disclose the true interest rates of their products.
If you want to show your support for this legislation, sign this letter to protect people from these loan sharks
Producer: @maeryan
Editor: Gina Barton
Supervising Producer: Court Fuller
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