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Linen and towels wholesaler

When this wholesaler of linen and towels was seeking a loan to help it launch new products for the hospitality and catering sectors, LendingCrowd was pleased to be able to fund its expansion plans.

Loan details:
Location:

South East

Business nature:

Wholesale

Loan purpose:

Business expansion

Loan amount:

£197,640

The opportunity

This wholesale business specialises in supplying linen and towels to the hospitality and catering sectors. It was seeking a business loan to assist with the launch of new products, to meet the costs of purchasing additional stock and marketing its services.

Funding ambitions

Specialist commercial broker Spark Finance introduced this borrower to the LendingCrowd platform. Working together, our teams quickly delivered an affordable business loan offer that would enable this client to press ahead with its expansion ambitions.

LendingCrowd was founded in 2014 to provide loans for small and medium-sized businesses throughout Britain. Limited companies and limited liability partnerships can apply for fast and flexible loans from £75,000 to £500,000 – find out more and apply direct at lendingcrowd.com/business-loans

Working in partnership

We know that partnerships have an important role to play in bridging the funding gap faced by so many SMEs. That’s why we’re delighted to have forged strong links with a growing community of commercial finance brokers and introducers. To find out how we can help, visit lendingcrowd.com/introducers

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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.

The company's registered office is 50 Lothian Road, Festival Square, Edinburgh, EH3 9WJ.

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