How we make our lending decisions
At LendingCrowd, we take a case-by-case approach to our lending decisions. Our Credit Team takes a flexible approach to loan offers that evaluates your business individually.
Focus on business potential
At LendingCrowd, we focus on the potential of every business. We look at the business plan and financial information to determine the creditworthiness of the business and its ability to repay.
Engage in open dialogue
We believe that talking to our borrowers is key to making safe lending decisions. Our Credit Team gets to know each business and will only lend where borrowers have a clear ability to repay.
Understand borrower needs
We strive to understand each business that we lend to. Knowing why it is needed and understanding how the money will be used gives our Credit Team flexibility in making decisions. Understanding your needs helps us to build strong, mutually beneficial relationships for the longer term.
Security
We seek to develop effective security arrangements for each business loan. Security reflects your circumstances and the loan size requested. We take a range of security types but will be mindful of your circumstances and the nature of your business.
Factors influencing the lending decision
Try to avoid
Weak cashflow
Known industry sector challenges
High level of borrowing on the balance sheet
Marginal or poor credit history
Good to have
Cashflow indicating ability to repay
Proven management ability
A strong and considered business plan
Positive business and industry indicators
What do I need to apply?
To make your application with LendingCrowd as quick and easy as possible, you’ll need the following information close to hand:
Management information
Tell us about your business, current loans or overdrafts and financial needs.
Owner information
Please provide details for each of the owners/directors of your business.
Accounts
We’ll need you to submit 2 years’ filed accounts to assess your application.
Bank statements
You’ll also need to supply the last 3 months’ bank statements for your business.
Have any questions?
FAQs
The most frequently asked questions by our community of borrowers.
Visit our help centre
or call us on 0345 564 1600 and we’ll be happy to help.
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.