British payday loan group to lend to small businesses
May 7 , 2012
British online payday loans provider Wonga.com has launched a credit service for small businesses.
The move comes in a bid to fill a gap in the market left by banks hit by tight lending conditions.
Wonga has made 4 million short-term loans to customers since its launch five years ago.
It will offer small businesses loans of $4,800 to $16, 200 for periods ranging from one month to a year.