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

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

Our standard opening hours are 9am to 5.30pm, Monday to Friday. The LendingCrowd office will be closed on the following dates: Monday 27 December 2021 Tuesday 28 December 2021 Wednesday 29 December 2021 Thursday 30 December 2021 Friday 31 December 2021 Monday 3 January 2022 We will be open again as normal from Tuesday 4 January 2022. 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 2022. The post Our festive opening ..read more

Since the outbreak of the Covid-19 pandemic, the LendingCrowd team has been focused on carefully managing the platform and doing the right thing by lenders and borrowers alike. As a responsible lending platform that is regulated by the Financial Conduct Authority, our objective is always to deliver the best long-term outcomes for our lenders and borrowers. LendingCrowd has a regulatory requirement to ensure that the valuation of loans parts for sale on our Loan Market is fair and appropriate. Based on the uncertainty of borrowers’ performance amid the economic shock caused by the pandemic, we ..read more

To help our valued community of borrowers during the Covid-19 pandemic, we have produced guides to download in an easy-to-use format. These guides contain details of support measures such as rates relief and the Recovery Loan Scheme, with the content tailored for businesses in: EnglandScotlandWales  We continue to update these guides, so please visit our blog regularly to keep up with developments. If you are not a LendingCrowd borrower, please feel free to use and share these guides if they help. Government support measures  A wide range of measures have been set out to support busi ..read more