Business loans
With a fast and affordable loan from LendingCrowd, you can borrow from £75,000 to £500,000, with terms of up to 60 months and no early repayment fees.
Why choose a short term business loan?
LendingCrowd was launched in 2014 with a simple goal – to fund the ambitions of businesses the length and breadth of Britain. Our leading-edge technology supports our team of business finance experts to help you access fast and affordable funding.
Looking for a shorter-term option? We also offer loans that can be repaid over 12 to 24 months.
At LendingCrowd, we take a case-by-case approach to our lending decisions. We’re a technology-driven platform but a human is in charge at every step of the process, ensuring that each application is treated individually.
Our Credit Team has vast experience in dealing with business loan applications and affordability is at the heart of our lending decisions. As a responsible lender, we focus on each borrower’s ability to repay their business loan when assessing each application.
Our support does not end when you have received your funds – our dedicated team is here to answer any questions you may have about your business loan. If you ever want to make an overpayment towards your LendingCrowd loan, or repay it early, just get in touch.
How it works
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.
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 allocate a Risk Band.
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 and take the total arrangement fee agreed.
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.
Fuelling expansion at a stoves retailer
Is your business eligible?
Before applying, make sure you meet all four criteria.
Get a quote for your business loan
Questions about our business loans?
Everything you need to know about getting a business loan with LendingCrowd.
What documents will I need to apply for a LendingCrowd loan?
To complete your loan application, you’ll need to supply:
- Information about your business, how long it has been trading and the sector in which it operates
- Two years’ filed accounts (the last no later than 15 months old)
- Latest three months’ bank statements
- Details of current borrowing
- Purpose of funds – a simple description of what your business will use the loan for
How much can I borrow with LendingCrowd?
Your business can apply to borrow between £75,000 and £500,000. Loan terms range from six months to five years.
Subject to credit assessment, we can offer unsecured loans of up to £350,000 (including fees) supported by a personal guarantee.
For loans above £350,000, a charge or asset security will be required in addition to a personal guarantee.
What can I use my business loan for?
You could use your LendingCrowd loan for a wide variety of reasons, for example to purchase stock, manage cashflow, fit out new premises, funding a management buy-out or acquisition, or to refinance existing debt, making your outgoings more manageable.
Can I repay my loan early?
Yes, you can. LendingCrowd does not charge any fees for early repayment. You can also make overpayments of at least £5,000. LendingCrowd may request additional financial information to establish the source of funds used to make overpayments or early settlement of loans.
It’s time to think outside the bank
Apply for your loan today or speak to one of our funding specialists.