Welcome to the May edition of the LendingCrowd newsletter. Last month’s lending total was a record for us, but we’re not resting on our laurels as summer approaches! With your continued support, we’re aiming to more than double our loan deals to around £40 million this year, so get in touch to find out how we can help your clients with their funding requirements.
During April, we delivered almost £3 million of lending to SMEs across Britain, making it our best-ever month since we launched in October 2014. Thank you for helping your clients to Think Outside The Bank and enable our loyal community of investors to fulfil their funding needs.
SMEs are the powerhouse of the British economy but many face difficulties in accessing funds to grow and enter new markets. Combining the best of technology with prudent banking tradition, our Credit Team – who have a century of combined credit analysis experience – enable established small business to access flexible and affordable financing.
Making waves in Cornwall
The second bank holiday of the month is on 28 May, but we’ll be open as usual – because we’re not a bank!
So far this month, we’ve arranged four deals, worth a total of £400,000, across four different sectors with Funding Options – thanks for the help with these!
Many thanks also to Commercial and Asset Finance for ringing up two deals in the retail and leisure industries that were worth a combined £213,000.
Two further deals in the retail and beauty sectors, totalling £150,000, were secured with valued support from the team at Commercial Expert.
LendingCrowd exists to support Britain’s vital SMEs with their growth ambitions and it’s always a pleasure to see them succeed. Thanks for all your efforts – together we can make sure even more businesses achieve their goals.
We’re committed to getting the best deal for all of your clients’ funding requirements. For more details about our loans, rates and eligibility criteria, download our product guide.