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
“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 |
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