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Economic Justice Fund
What We Do

Borrowers Bill of Rights

Protecting the rights and livelihoods of small business owners

The Economic Justice Fund is committed to abiding by the Small Business Borrowers’ Bill of Rights. These six principles were created by the Responsible Business Lending Coalition, an alliance of lenders, investors, and small business advocates founded to advance fair and responsible lending practices.

01

Transparent Pricing and Terms

A borrower has the right to have the cost and terms of any financing being offered presented to them in writing and in a form that is clear, complete, and easy to compare with other financing options, so they can make the best decision for their business.

02

Non-Abusive Products

A borrower has the right to expect that the financing products offered by a lender will not trap his/her business in an expensive cycle of re-borrowing.

03

Responsible Underwriting

A borrower has the right to expect a lender is offering financing based on underwriting practices that assess the ability of the borrower’s business to succeed and repay.

04

Fair Treatment from Brokers

A borrower has the right to honest, transparent, and impartial communications with a broker regarding loan options, conflicts of interest, fees, and the financing options available.

05

Inclusive Credit Access

A borrower has the right to fair and equal treatment when seeking a loan including protections guaranteed under the Equal Credit Opportunity Act.

06

Collections Practices

A borrower has the right to be treated fairly and respectfully throughout a collections process and the right to protections like those guaranteed under the Fair Debt Collection Practices Act.