LendingCrowd is a financial technology (fintech) lending platform, enabling small businesses the length and breadth of Britain to access fast and flexible loans.
Borrowers choose LendingCrowd to raise money for lots of reasons. Every business that submits an application is assessed by our Credit Team, who determine whether the borrower is creditworthy and can afford to repay its loan.
With a LendingCrowd loan, borrowers make fixed monthly repayments of capital and interest. Rates are fixed for the term of the loan, which can range from six months to five years.
Once the borrower has accepted the loan terms and completed the documentation, the funds could be in their account the next working day.
Borrowers need to be mindful that defaulting might lead to the debt being passed to an agency for collection. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.