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Peer-to-peer loans: Investors urged to lend to small firms

11 November 2013 Last updated at 15:02 GMT

As companies still struggle to access credit from banks, firms in Wales are being encouraged to lend money directly to each other.

One of the UK's biggest so-called "peer-to-peer" lending companies says the Welsh government and councils could use the service to invest in small businesses.

It follows a £20m scheme by the UK government to bypass banks and get money directly to firms.

BBC Wales business correspondent Brian Meechan reports.

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