Question for those with large amounts of cash in their companies Question for those with large amounts of cash in their companies
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  1. #1

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    Default Question for those with large amounts of cash in their companies

    Has anyone here used Zopa to lend the money out?

    http://uk.zopa.com/ZopaWeb/public/pr...usinesses.html

    Many small- to medium-sized businesses are already using lending at Zopa as a smart way of boosting their profits. And it makes all the sense in the world if you think about it.

    Zopa offers businesses an alternative. Companies holding a consumer credit licence, which Zopa will advise on how to obtain, can now lend as much money as they wish at Zopa. Average returns over the last year have been 7.88% on the money lent out by Zopa lenders – a significant premium to typical business banking overnight and short-term treasury rates.


    Any thoughts or comments?
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  2. #2

    What a muppet!

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    I am sure that this has been discussed before.

    Not recently though so you may be forgiven for raising it again.

  3. #3

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    Quote Originally Posted by DimPrawn View Post
    Companies holding a consumer credit licence
    If Zopa was so sure in their interest rates paid, then they'd issue bonds or something.

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    I remember a discussion last week on hpc about zopa.

    summary seems to be to drip the money in so you ensure you don't panic and accept crap rates.

  5. #5

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    See what this guy has to say about it:
    http://forums.contractoruk.com/gener...ml#post1075657

  6. #6

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    This guy seems to know what he is talking about!

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    I'm going to give it a try with a small amount. Say a couple of hundred thousand or so and see how I get on.

    If it works out, I'm thinking of setting up business as a loan shark.

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    Quote Originally Posted by Clippy View Post
    This guy seems to know what he is talking about!
    He bought all the gold, but still got some money left

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    Quote Originally Posted by Clippy View Post
    This guy seems to know what he is talking about!
    What I was saying there is there's no point when the sums involved are low. All the hassle for a few quid a year.

    I'm in the big league now.
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  10. #10

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    Quote Originally Posted by DimPrawn View Post
    I'm in the big league now.
    Ze biggest

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