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 year.
Stevenson Astrosat, an ambitious and innovative space technology company, is just one business that has benefited from a LendingCrowd loan in recent weeks. This Scottish company combines data from satellites and Earth and presents it visually for a wide range of uses, for example to help track illegal logging or respond to natural disasters such as storms.
Adrian Innes, Head of Origination at LendingCrowd, said: “We were delighted that this valued customer, an existing LendingCrowd borrower, returned to us for its funding needs. It’s always a pleasure to help small businesses access the finance they need to expand. In recent days we have funded the ambitions of SMEs across a wide range of sectors, including communications, retail, and recruitment.”
LendingCrowd has also facilitated business loans for borrowers working in the automative, energy, IT and manufacturing, industries. We can arrange loans of between £5,000 and £500,000, with terms ranging from six months to five years.
Our recent funding deal with Scottish Investment Bank (SIB) and Dutch entrepreneurial bank NIBC has created a unique opportunity to provide even more businesses with the finance they need to succeed. We stand ready and able to help all types of business, from Aberdeen to Aberystwyth and Portree to Portsmouth.
NIBC and SIB have agreed to lend a combined £18.75m across the LendingCrowd platform, highlighted the strength of our team in building an institutional-class lending business. This is also a second time we have partnered with SIB, the first being a £2.75m commitment made by the government-backed body in October 2016 to support Scotland’s vibrant and growing SME community.
It’s time to Think Outside The Bank. It’s time to think LendingCrowd. To find out how we can help you take your business further, visit lendingcrowd.com/borrower