Wonga’s wake up call for Britain’s banks: it’s time to lend to small businesses

Last week’s news that lender Wonga (a provider of high cost short term personal loans) has launched a business loans service, promising to make funds of £3,000 to £10,000 available within 15 minutes of an application is a signal to banks and the Government that they are simply not doing enough to support responsible lending to Britain’s small business community.

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