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
Charles Darwin may not have coined the term “survival of the fittest” – we owe philosopher Herbert Spencer for that – but the father of evolutionary theory embraced the phrase and eventually introduced it to the fifth edition of his groundbreaking …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 – or peer-to-peer …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
Chris Mitchell, Senior Business Development Manager at LendingCrowd, was invited to participate in a Scottish Enterprise event in Dundee yesterday to examine the various funding options available to small and medium-sized businesses. Accessing finance remains a challenge for many businesses. At …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
LendingCrowd was created to fund the ambitions of businesses seeking to expand and enter new markets. Since we launched, we’ve facilitated almost £64 million in business loans to SMEs the length and breadth of Britain – including a record £25m last …Read More
Small and medium-sized enterprises (SMEs) make up more than 99% of the business population and account for some 60% of all private sector employment. However, they continue to struggle to secure the business finance they need to grow. Some 90% of …Read More