Getting a loan has never been so simple...

Businesses seeking a loan come to LendingCrowd for many different reasons. We try to make the borrowing process as quick and easy as possible.

Start Your Application

Sign up as a Borrower and begin your loan application. You’ll need to have your management information available, as well as your Companies House number and at least two years' financial accounts. You’ll be asked to describe your business and why you’re a safe company to invest in. Think carefully, as this is your pitch to potential investors!

The Credit Process

Our experienced Credit Team has over 80 years’ combined experience dealing with business loan applications, so you can rest assured your business is treated on an case-by-case basis allowing flexible decisions.

Ian Cunningham

Head of Credit

Helen McKay

Senior Credit Risk Specialist

Donald MacKinnon

Credit Risk Specialist

After your business is assessed, LendingCrowd awards it a Credit Band, which allows investors to understand the risks and rewards of lending to your business. Learn more about how we make our Loan Decisions here.

Credit Bands:

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The Loan Market

After your business is approved, your loan will go live on the Loan Market. From here, investors can start making ‘bids’ to fill your loan, competing against each other to provide the most competitive rate based on your Credit Band. At the end of the bidding process only the bids with the lowest interest rates are accepted. This means that you pay the lowest interest rate possible for your Credit Band, based on the average bid from investors. Each Credit Band has its own minimum interest rate.

Credits Bands:

Interest Rates:

A+

Minimum interest of 5.95%

A

Minimum interest of 7.95%

B+

Minimum interest of 8.95%

B

Minimum interest of 10.35%

C+

Minimum interest of 12.25%

Accepting The Loan

Once your loan is 100% funded, you can accept the loan to get the funds sooner or wait for any further bids that could decrease the interest rate you pay. When the auction is closed, you will be asked to accept the loan.

Getting Your Money

Once you accept your loan terms and complete the paperwork, LendingCrowd will transfer the raised money to your account within 7 days. From this moment you can start realising your dreams! At this point LendingCrowd will take its arrangement fee dependent on the loan duration:

Fees:

Loan Duration:

2%

6 to 18 months

3%

24 to 36 months

4%

48 to 60 months

Repaying Your Loan

When your loan is accepted we can agree a suitable date to make your repayments which will be fixed each month so you will know the dates of your repayments in advance. LendingCrowd makes paying back your investors easy: Borrowers make a single monthly payment to LendingCrowd, which we then split by us to make sure all of your investors get their repayments. Simple.

Getting a loan has never been so easy.

or learn more about how we make our Loan Decisions.

Borrower Requirements

  1. Have been trading for 2 years or more

  2. Be an LTD Company, LLP, Partnership or Sole Trader

  3. Have a turnover of approx £100,000 per annum or more

Key loan factors

  • You can borrow from £5k up to £250k

  • Loan terms up to 5 years

  • Low transparent fees from as little as 2%

  • Indicative rates from 5.95%

What is your loan for?

  • Grow your business

  • Buy an asset

  • Raise working capital

Tell us your specific need!

Have any questions?

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Borrower Guide

Sign up for updates and we’ll send you a free guide to getting started.

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Borrower FAQ

The most frequently asked questions by our loyal borrowers.

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Visit our Help Center

or call us on
0345 564 1600
and we’ll be happy to help.

If you invest through LendingCrowd you should understand that as a lender, your capital may be at risk.

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.

Read more about the risk involved when investing and borrowing.
LendingCrowd is a credit broker and not a lender.

The company's registered office is 23 Manor Place, Edinburgh, EH3 7DX.

Copyright © LendingCrowd 2017. All rights reserved.

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