loan help

chriz1

Hi all,
I need a personnal loan for £2000 to setup a business,its mainly for buying eqiupemnt i have searched through various sites and the cheapest i have seen is Zopa does anyone have any experience with them?
Im looking to oay back over 4-5 years
Thanks

CHR15

It depends on your credit rating. Nobody can answer your question with absolutely no information to advise against.

Zopa are fine, if you get accepted (seems a long time to repay £2k though!).

the_insider

Have you contacted your bank to discuss getting a business loan? You might find you'll be offered a better rate because they'll have some security on the assets if you default on payments.

chriz1

reason for longer term is obvisously lower monthly payments

CLAPTON

how much do you earn?
what is your credit record like
best to get a personal loan for such a small sum