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 on the business plan and financial information to determine the creditworthiness of the business and ability to repay.
Engage in open dialogue
At LendingCrowd we believe talking to our borrowers is key to making safe decisions. Our credit team gets to know each business and will only lend where businesses have a clear ability to repay.
Understand borrower needs
We strive to understand each business that we lend to. Knowing what a loan is needed for and understanding how the money will be used gives our credit team flexibility in making decisions. Understanding the Borrower’s needs helps us to build strong, mutually beneficial relationships for the longer term.
LendingCrowd seeks to develop effective security arrangements for each business loan. Security is reflective of the Borrowers circumstances and the loan size requested, giving them and Investors piece of mind. We take a range of security types to protect the interests of our Investors but will be mindful of the owners circumstances and the nature of the 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 you 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.
LendingCrowd asks for 2 years filed accounts to be submitted.
Pitch your business to potential investors. Learn more by reading our Borrower Guide!