A PAYDAY lender is breaking into business finance and offering struggling firms loans of up to £10,000 in as little as 15 minutes.
Wonga.com said its entry into the business market will help those companies waiting for longer-term funding and payment of key invoices.
It will charge an interest rate of between 0.3% and 2% per week.
The development comes as firms find it increasingly difficult to secure access to short-term loans and overdrafts.
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