Following a record quarter of lending and continued strong demand from businesses looking to raise growth finance, we’ve launched a new cashback promotion for investors.
To match SMEs’ appetite for funding, LendingCrowd will give investors £200 cashback when they lend £5,000 before 3 January 2018. Read the promotion terms here.
More than 1,000 new investors have signed up with LendingCrowd since August; a period that also saw record lending of more than £6 million to small businesses across the UK.
LendingCrowd is fully authorised by the Financial Conduct Authority and in February we became one of the first P2P platforms to launch a tax-free* Innovative ISA (IFISA). Our passive Growth ISA, with target returns of 6%**, allows customers to build a portfolio of loans quickly without having to choose their own investments. In May, we expanded our range with the Self Select ISA, an active product that lets investors hand-pick their portfolio while earning tax-free* returns.
“This Christmas cashback is our way of saying thank you to the investors who choose us to help fund the expansion plans of exciting home-grown success stories,” said Stuart Lunn, co-founder and CEO of Edinburgh-based LendingCrowd.
By supporting the creditworthy businesses on our platform, investors can generate healthy returns for themselves and real benefits for the British economy. The LendingCrowd Growth ISA, one of the first Innovative Finance ISAs on the market, also offers them a simple way of diversifying their P2P investment portfolios while earning tax-free* returns.
*Tax treatment depends on the individual circumstances of each investor and may be subject to change in future.
**As an investor, it’s important to remember you’re lending to businesses so your capital is at risk. The 6% target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.