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 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.
We seek to develop effective security arrangements for each business loan. Security reflects your circumstances and the loan size requested, giving you and our investors peace of mind. We take a range of security types to protect investors’ interests but will be mindful of your circumstances and the nature of your business.
Factor influencing the lending decision
Try to avoid
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 have to apply?
To make your application with LendingCrowd as quick and easy as possible, you’ll need the following information close to hand:
Tell us about your business, current loans or overdrafts and financial needs.
Please provide details for each of the owners/directors of your business.
We’ll need you to submit 2 years’ filed accounts to assess your application.
Pitch your business to potential investors. Learn more in our Borrower guide.
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.