19 August 2017
Find out more

Coming soon - Zopa business loans

05 July 2013  |  2112 views  |  0 Source: Zopa

Zopa has helped savers to lend to borrowers looking for personal loans for over 8 years, providing better returns to savers and lower rate loans to borrowers.

When surveyed over 80% of Zopa savers wanted to lend money to help small businesses as well as individuals looking for a personal loan. Soon we will introduce business loans to Zopa, offering good value loans to sole traders.

We've chosen to start our business loans with sole traders for two reasons:
1. We saw that there were few opportunities for smart sole traders, with a good credit and trading history, to access good-value loans.
2. Sole traders are often looking for loans of a similar size and time period as our personal loan borrowers so offering these loans doesn't require big changes for our savers to the way they choose to lend

When our business loans are launched, sole traders can apply on www.zopa.com for a loan. Our expert loans team will carefully review your application to make sure you can afford your loan and answer any questions you might have.

Our savers will see business loans appear in the tracker rates on their lending offer. As part of their Safeguard lending, business loans are covered by the Zopa Safeguard.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.abe-eba.euvisit www.worldpaymentsreport.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8269 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7505 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
6561 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6192 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6047 views comments | 11 tweets | 9 linkedin

Featured job

£100-120K Basic dependent on experience plus subst...
London

Find your next job