Zopa has announced that they will start to offer business loans soon. Zopa will start with loans to sole traders.
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