Economy News Headlines - Yahoo! News: Speedier loans draw small UK firms to online financing - report

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

Speedier loans draw small UK firms to online financing - report Apr 25th 2013, 23:17 By Kylie MacLellan LONDON (Reuters) - Small British businesses have turned to seeking funding from members of the public online because of the slow speed at which banks process loan applications, a report showed on Friday. Peer-to-peer lending, which allows small investors to earn interest from loaning money to individuals or businesses, is one of several alternative sources of finance that have grown up as banks ration credit in response to tougher capital rules and the economic slowdown. ... Media files: 2013-04-25T231750Z_2_CBRE93O1S8000_RTROPTP_2_FASHION-MENSWEAR-SAVILEROW.JPG (image/jpeg)

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