Lending to businesses with LendingCrowd
PLEASE NOTE: We have temporarily stopped taking new lender registrations and also new cash deposits from existing lenders on our platform. As all our current lending is through the Coronavirus Business Interruption Loan Scheme (CBILS), which is not available for retail lenders, there are no new retail loans available for you to fund on our platform.
In light of the movement of all areas of mainland UK into a full lockdown, our Credit Committee has determined that, due to current economic conditions, temporarily suspending trading on our secondary Loan Market was necessary in order to treat our lenders fairly.
Further, as there are currently a low number of loans on the LendingCrowd platform, this makes loan diversification increasingly difficult for lenders.
As a result of the two factors noted above, this means that, for the moment, you will not be able to buy or sell loan parts.
We feel it is in the best interests of our community of lenders to take this temporary step. We will review this decision on a monthly basis at our Credit Committee.
If you would like to receive updates and find out when we resume trading on our secondary Loan Market, new lender registrations and deposits from existing lenders, please register your details below: