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Mobile communications provider

LendingCrowd enabled this mobile communications specialist to refinance existing facilities elsewhere and provided funding to support its work on a major new contract.

Loan details:
Location:

Wales

Business nature:

IT & Telecommunications

Loan purpose:

Refinance

Loan amount:

£218,000

The opportunity

This established business specialises in mobile technology and communications. It was seeking a loan to help it deliver a major new contract and consolidate its financing by paying off existing facilities with other funding providers.

Funding ambitions

Working with the team at Claratus Commercial Finance, which introduced this borrower to the LendingCrowd platform, we delivered a bespoke loan package that would enable the business to repay its existing facilities and provide the funding for its new project. We’re pleased to be assisting this innovative client in its growth ambitions.

We exist to support small and medium-sized businesses the length and breadth of 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 understand that partnerships have an important role to play in bridging the funding gap faced by so many SMEs. That’s why we’re proud to have forged strong links with our 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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