Zopa Lending And Borrowing: Cut Out The Banks And Inject Cash Into Your Business

Posted by Karl Foxley in Blog, Coaching, Online Coaching

Do You Need Money To Get Your Business Started?

One of the biggest reasons I hear people use for not starting their own business is the lack of funds. I’ve come across a service that is ideal for someone who wants to get a very low rate on a loan without having to approach the banks.

Let’s say you want to work from home because you are selling your skill as a service, start-up costs are low but what if you don’t have the spare cash. When I started Foxley Marketing Solutions I created a home office in our spare room. I had to purchase a dedicated computer, a desk, a filing cabinet, storage unit, a notice board, stationary and a few other important services such as my email service provider and hosting account.

If you just don’t have the money to get started and you are unsure about approaching the banks then I have a much more cost-effective solution for you. You see, one way of securing money to help you get started (if you have a good credit history) is to use a service provided by Zopa, a social lending service. Social Lending is where people lend and borrow money with each other, sidestepping the banks.

Zopa consists of a borrowing and lending community that helps keep the cost of the loans at a very low rate; need convincing, click the link below to use the Zopa Loan Calculator.

Zopa Loan Calculator

Zopa’s service is open to people from the following countries:

Zopa UK

Zopa Italy

Zopa US

Zopa Japan

Securing a loan is simple! Visit Zopa, choose how much you want to borrow, select the repayment term and then select apply for the loan. You will then be promoted to register with the site (this is free and takes a few minutes).

That’s it! If you are accepted you are one step closer to starting your home business (or what ever else you need the money for).

You can also make money by lending it to the Zopa community; you can read more about lending money here.

If you are still unsure about the concept watch the video below to see the BBC’s news coverage of Zopa.

To your success,

Karl Foxley

About Karl Foxley

Karl Foxley has written 127 post(s) for FMS SEO.

Karl Foxley is an SEO Consultant, Internet Marketer, Small Business Advisor and Co-Founder of FMS SEO. Karl seeks to make SEO and Internet Marketing jargon free for the every day user.

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