Using a business loan to refinance existing borrowing could help you focus on what you do best – running your business. It’s common for businesses to take on different forms of finance over time to meet varying needs. For example, a short-term loan to purchase a new piece of equipment, an overdraft to deal with seasonal cashflow issues, and a credit card for day-to-day spending. However, having a variety of finance arrangements in place may mean the business has to manage multiple repayments, with varying interest rates, throughout each month. In addition, some forms of debt – particularly sho ..read more

When you’re looking to expand your business, for example by launching a new product, moving to larger premises or growing your team, a business loan could help to fund your ambitions. Before making any decisions about borrowing to expand, you’ll have to consider some key questions, for example: How much money do you need to borrow, and what are the expected costs of implementing your expansion plan? Does your business generate enough income to cover the loan repayments and interest? Is there strong demand for your new product or service? Does your management team have the expertise to handle ..read more

Our standard opening hours are 9am to 5.30pm, Monday to Friday. The LendingCrowd office will be closed on the following dates: Monday 25 December 2023 Tuesday 26 December 2023 Wednesday 27 December 2023 Thursday 28 December 2023 Friday 29 December 2023 Monday 1 January 2024 We will be open again as normal from Tuesday 2 January 2024. If you have an urgent inquiry when our office is closed, please email contactus@lendingcrowd.com and we will get back to you as soon as possible. Enjoy the festive period – wishing you and your loved ones a healthy and prosperous new year. The post Our festive ope ..read more

Cashflow is the net amount of money moving in and out of your business in terms of income and expenditure. In an ideal world, your cashflow would be positive at all times – in other words, you’d have more money coming in than going out. However, the world can be far from ideal, so there may be times when cashflow is negative. Sales can be affected by the weather, or a customer may be late settling an invoice, but you still have wages and bills to pay. Strong positive cashflow keeps a business alive and helps you fuel growth. Poor cashflow can ultimately see a business fail. If you’re experienc ..read more

There are many types of business that could be described as seasonal, relying on specific times of the year to generate the bulk of their income. While the likes of ice cream parlours, Christmas decorations retailers and wedding planners may see demand rise and fall throughout the year, one thing will remain constant – the need to meet the ongoing costs that come with running a business.  If you own a seasonal business, a loan could be a valuable tool to help you manage your cashflow during the slower seasons and be prepared for growth when demand increases again. You could use the loan f ..read more

There are many ways in which your business could get a boost by taking out a loan for cashflow purposes. Here are some of the key potential benefits: Improved cashflow: A business loan can help you improve your cashflow by providing your business with a lump sum of money that you can use to cover expenses. This can be helpful if you are experiencing a temporary cashflow shortage or if you are looking to grow your business. Improved credit score: If you make your loan payments on time, you can improve your credit score. This can make it easier for you to qualify for other loans in th ..read more

If your business has multiple loans or other lines of credit such as overdrafts or credit cards, a debt consolidation loan can make it easier to manage your finances – and even reduce your monthly outgoings. Over time, many businesses will end up with various forms of finance, often taken out to meet different needs. For example, credit cards to pay for day-to-day spending, overdrafts to manage seasonal cashflow issues, or short-term loans to purchase stock or new equipment. While a combination of funding types and sources can help a business with its cashflow and working capital needs, this c ..read more

Our standard opening hours are 9am to 5.30pm, Monday to Friday. The LendingCrowd office will be closed on the following dates: Monday 26 December 2022 Tuesday 27 December 2022 Wednesday 28 December 2022 Thursday 29 December 2022 Friday 30 December 2022 Monday 2 January 2023 We will be open again as normal from Tuesday 3 January 2023. If you have an urgent inquiry when our office is closed, please email contactus@lendingcrowd.com and we will get back to you as soon as possible. Enjoy the festive period – wishing you and your loved ones a healthy and prosperous new year. The post Our festive ope ..read more

With inflation and interest rates continuing the dominate the headlines, it’s only natural to have concerns about the rising costs of living and running a business.  LendingCrowd’s fast and flexible SME loans can provide peace of mind: Fixed monthly repayments of capital and interest – the rate is fixed at the start of the loan Up to five years to repay the loan Change repayment date free of charge to suit cashflow No fees for early settlement No fees for overpayments to reduce the term and total interest paid* *At least £5,000 above the regular monthly repayment We’re here to help you ..read more

At LendingCrowd, we understand that partnerships have an important role to play in bridging the funding gap faced by so many SMEs. That’s why we’re proud to have forged strong partnerships with our community of commercial finance brokers and introducers. Introducers turn to us to help their clients meet their funding needs. They know that we offer a highly professional and personalised alternative to traditional high street lenders. We have invested heavily in our leading-edge financial technology platform, introducing automated upfront checks, as well as digital signatures for loan contracts ..read more