LendingCrowd, the only fintech lending platform headquartered in Scotland, has been accredited by the British Business Bank as a new lender under the Coronavirus Business Interruption Loan Scheme (CBILS). This means LendingCrowd will be able to distribute UK government-backed loans to …Read More
Increasing numbers of businesses are turning to alternative sources of finance to fuel their growth ambitions as bank lending continues to fall. The latest Small Business Finance Markets report from the British Business Bank shows that business lending by marketplace platforms …Read More
Running your own business isn’t for everyone, but for those with the passion and skills to take on the challenge and strike out on their own, it can be a rewarding experience. Being your own boss gives you full control, and …Read More
When your business is growing and you’re ready to take it to the next stage, you may need to raise funds to realise your ambitions. Two of the most common sources of external finance are debt funding and equity financing. Read …Read More
Accessing a business loan, whether it’s for growth, stock, office renovations, equipment or even hiring more staff, can often be a daunting prospect. As the House of Commons Treasury Committee said in its SME Finance report last year: “It is naive …Read More
Uncertainty could result in the largest cut to SME lending, by banks, since the financial crisis of 2008, according to the latest Bank of England Credit Conditions Survey. Availability of business loans has remained steady for the past four years but …Read More
Since the financial crisis a decade ago, banks have been reducing their lending to small businesses. Despite attempts by successive governments to increase the flow of funding to the SME community, many businesses continue to struggle to secure the finance they …Read More
Business loan statistics continue to demonstrate the growing maturity of the UK marketplace business lending sector as a funding option for SMEs. In its infancy, back in 2011, only £21 million of business loans were provided by marketplace lenders, the Cambridge …Read More
Small and medium-sized businesses are the powerhouse of the British economy, making up more than 99% of the business population and accounting for some 60% of all private sector employment. The business loans market is dominated by a handful of large …Read More
LendingCrowd completed a debt financing round for the producer of Pickering’s Gin, Summerhall Distillery, raising £500,000 for the award-winning Scottish spirits brand. The funding round was used by Summerhall Distillery, Edinburgh’s first exclusive gin distillery in 150 years, to expand facilities …Read More