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It’s time to Think Outside The Bank

Businesses seeking a loan come to LendingCrowd for many different reasons. We aim to make the lending 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 at least two years’ financial accounts and your Companies House number, if applicable. 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 Credit Team has vast experience dealing with business loan applications, so you can rest assured your business is treated on a case-by-case basis.

After your business is assessed, we award 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.

 

Credit Bands:

The Loan Market

After your business is approved, your loan will go live on our 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 Band

Interest rate from

A+

5.95%

A

7.95%

B+

8.95%

B

10.35%

C+

12.25%

Accepting the loan

Once your loan is 100% funded, you can accept it 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’ll be asked to accept the loan.

Getting your money

Once you accept your loan terms and we have your completed paperwork, we’ll transfer the money to your account the same working day. We’ll take our arrangement fee*, which is based on the loan term:

Loan term

Fee

6 to 18 months

From 2%

24 to 36 months

From 3%

48 to 60 months

From 4%

*If you arrange your loan via a broker, you may have to pay an additional broker fee.

Repaying your loan

When you accept your loan, we can agree a suitable date to make your repayments – these will be fixed each month so you will know the dates of your repayments in advance. We take care of paying back your investors – you make a single monthly payment to us, and we then divide this up to make sure all of your investors get their repayments.

It’s time to Think Outside The Bank.

Borrower requirements

  1. Have been trading for 2 years or more

  2. Be an limited company, LLP, partnership or sole trader

  3. Have a turnover of approximately £100,000 a year or more

Key loan factors

  • You can borrow from £5,000 up to £500,000

  • 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

Contact us to find out more

Have any questions?

Icon Guide

Borrower guide

Download our guide to peer-to-peer business lending.

Icon FAQs

Borrower FAQs

The most frequently asked questions by our loyal borrowers.

Icon Contact

Visit our help centre

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

Icon warning

As a borrower, it’s important to remember that defaulting might lead to the debt being passed to an agency for collection. Investors need to be mindful that they’re lending to businesses so their capital is at risk. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

If you invest through LendingCrowd you should understand that your capital is 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.

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

Copyright © LendingCrowd 2018. All rights reserved.

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