Since the Truth in Lending Act does not apply to small business, instant loans to small businesses is a major rip off area around the country. There’s no requirement to disclose junk fees or interest rates on these loans. As a small business owner, Clark receives about 10 offers a week. Though there are ethical lenders, there are too many bad players out there taking advantage of small business cash flow needs, charging gigantic interest rates for quick money. If you’re a small business owner, do NOT bite on these loan offers until you know the fees and rates. If you can’t get a straight answer, stay away. While Congress lies about how much they care about small business, they ONLY care about their corporate contributors. Nobody’s looking out for the small business owners, with no laws governing proper disclosure of loan terms. Also, the Supreme Court ruled that states can charge sales tax to small businesses selling across state lines online. For big retailers, that’s no big deal, but for small business, compliance is a nightmare. They need a simplified tax procedure in place governing online sales below a designated threshold. Candidates should come up with real agendas for small business. Big company lobbyists feeding in cash are the only ones heard. When can we get leaders who represent the people of the U.S. in the people’s White House? Christa reads listener posts about how Clark has missed the mark in his advice this week. If you have a "Clark Stinks" to share you can leave it here. Learn more about your ad choices. Visit megaphone.fm/adchoices