Loads of Wonga

By : Forum Member
Published 7th May 2012 |
Read latest comment - 8th May 2012

Seems like Wonga is going to start lending to small businesses, with interest rates being charged at between 0.3 and 2 percent a week.... Personally I'd rather have my gall stones removed again

Thanks,
Barney
Comments
Seems like Wonga is going to start lending to small businesses, with interest rates being charged at between 0.3 and 2 percent a week.... Personally I'd rather have my gall stones removed again

Sounds like an interesting idea. There's no better way to fund operations than through existing cash flow though, other terms of lending should really be used with caution or over the shortest term possible.

Thanks,
Lion

If a business needs to turn to a payday loan outfit, then they really have problems!

That said, be interesting to see how successful this is, if you can sleep at night, could be a profitable market to get into

Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

Just had a loan of

Thanks,
fourth-monkey

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