I have a small company (S corp) with a small number of employees. I have never had, or sought credit of any kind. All my financial information is completely private.
Yet, I am bombarded by offers of "business funding", "development loans" and so on. 1-2 such offers daily, always going to trash of course.
I have memories of the 2003-2008 housing bubble and I also remember being bombarded by offers of fantastical mortgages, such as "no income verification", "no interest paid until maturity" and so on. Incessant mortgage peddlers etc.
The current business funding nonsense has every semblance of the mortgage nonsense, except now businesses are the targets.
I am sitting in my little business bubble, trying to make money daily, but I am beginning to suspect that some certain economic absurdity is underway.
Has anyone noticed similar trends? Any idea how this business funding financial story is now working?
My own suspicion is that there is a very well financed "nonbank loan" industry that skirts banking regulations and yet is able to attract large amount of money from likely unwise investors.
Any comments?