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How we make our lending decisions


At LendingCrowd, affordability is at the heart of every lending decision. We assess each application on a case-by-case basis and we focus on the ability of a business to repay its loan.

We also look for proven management skills, a strong and considered business plan, and analyse the borrower’s assets and liabilities when determining the creditworthiness of the business.

LendingCrowd believes that talking to our borrowers is key to making the appropriate lending decisions. The experts in our Credit Team have vast experience in dealing with applications for business loans. They get to know each business and will only lend where borrowers have a clear ability to repay.

We strive to understand each business that we lend to. Knowing why the loan is needed and understanding how the money will be used gives our Credit Team flexibility in making decisions. Understanding each borrower’s individual needs helps us to build strong, mutually beneficial relationships for the longer term.

Effective security arrangements are put in place for each business loan that we deliver, giving peace of mind to our borrowers and investors alike. We take a range of security types to protect investors’ interests but will be mindful of each borrower’s circumstances and the nature of their business.

Take your business further

To apply for a loan with LendingCrowd, businesses will have to provide the following information:

  • Details for the business and all directors
  • How much the business wants to borrow and how it plans to use these funds
  • Most recent three months’ business bank statements
  • Last two years’ full accounts
  • Management accounts to end of last completed quarter
  • VAT registration number (if applicable)
  • Ownership and legal status (for example, limited company, partnership, sole trader)
  • Number of years in business
  • Details of any other current borrowing, for example loans, overdrafts or factoring facilities

For more information about applying for a loan with LendingCrowd, see our series of Borrowing toolkit posts or visit our visit our borrower page.

Fund your ambitions

As a borrower, it’s important to remember that defaulting might lead to the debt being passed to any agency for collection. Investors need to be mindful that they’re lending to businesses so their capital is at risk. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Article author

Gareth Mackie

Gareth Mackie

If you invest through LendingCrowd you should understand that your capital is at risk.

LendingCrowd is the trading name of Edinburgh Alternative Finance Limited, Company Number SC468392, authorised and regulated by the Financial Conduct Authority (Firm reference number 670991). LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Read more about the risk involved when investing and borrowing.

The company's registered office is 23 Manor Place, Edinburgh, EH3 7DX.

Copyright © LendingCrowd 2019. All rights reserved.

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