The bank was set up with the goal of making financial markets work better for small businesses.
It will aim its lending exclusively at sole traders and owner-managers borrowing for business purposes.
The loan is secured against individuals rather than the business, something that banks have been criticised for in the past.
Rhydian Lewis, chief executive and founder of RateSetter, said: 'We have been talking to the
'We are getting to the parts of the economy that others aren't.'
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