LendingCrowd | Business Finance for British SMEs
LendingCrowd offers fast and flexible business loans to support your SME clients
ICAS partner LendingCrowd was founded in 2014 to help SMEs thrive by giving them access to non-bank lending and speeding up the financing process. As a responsible lender, affordability is key to the platform’s lending decisions.
Authorised and regulated by the Financial Conduct Authority, and backed by institutional funders including Scottish Enterprise and Dutch bank NIBC, LendingCrowd can offer your clients:
- Flexible funding from £5,000 to £500,000
- A lending decision in as little as 24 hours
- Loans to Limited companies and LLPs across a range sectors
- No early repayment charges
- A dedicated team based in Scotland with decades of SME lending experience
The business funding journey - free guides for ICAS Members
During these challenging times, your clients will need help to navigate the financial landscape. LendingCrowd has produced free guides to the wide range of funding routes that are available to SMEs.
Supporting SMEs
LendingCrowd, one of the leading non-bank lenders headquartered in Scotland, was founded to help SMEs thrive by giving them access to non-bank lending. Since it launched in 2014, LendingCrowd has provided over 900 business loans totalling more than £78 million, including £17 million across Scotland.
In a survey of LendingCrowd borrowers, 25% said they would have been “very unlikely” to obtain funding in its absence, and a failure to secure funds would have been a “missed opportunity” leading to a negative impact on jobs and investment. The funding requirement has become more urgent as many businesses were adversely affected by the Covid-19 pandemic and struggled to get funding through traditional means. LendingCrowd is proud to have been accredited by the British Business Bank to provide Government-backed CBILS loans during these unprecedented times.
Think outside the bank
For decades, many accountants – and their clients – have thought that banks were the only providers of business finance. The funding landscape is evolving rapidly and LendingCrowd has partnered with ICAS to raise awareness of non-bank sources of SME funding, helping businesses to prepare for the funding journey and secure finance.
By choosing LendingCrowd, your clients can borrow from £5,000 to £500,000, with loan terms of up to five years.
You’ll have direct access to the LendingCrowd team, so you’ll always be able to speak to an expert and get the answers you need. The team will support you throughout the application process and offer insights on what kind of arrangement would be best for you client.
LendingCrowd’s flexible platform allows monthly or one-off overpayments and early repayment in full – with no early repayment charges. The experienced LendingCrowd Credit Team reviews each application on a case-by-case basis. Once the loan is agreed, the money could be in your client’s account the same working day.
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