Vince Cable launches £110m loan scheme aimed at small firms

Zopa.com, the oldest peer-to-peer lender matching savers with borrowers has lent £250m over the past seven years The government is to bypass the traditional banks and lend money directly to small businesses and small traders at an interest rate of about 7%-8% in a £110m scheme that will use so-called ‘peer to peer’ internet-based lenders […]
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