LendingCrowd Limited is an FCA-authorised peer-to-peer marketplace lender founded in 2014 and based in Edinburgh. It specialises in unsecured term finance for established UK SMEs, connecting investors with businesses in need of unsecured loans. LendingCrowd suits limited companies and LLPs with a minimum of two years trading history and £200,000 annual turnover seeking term loans up to £500,000. For more details, see our LendingCrowd Reviews and unsecured business loans overview.
Key Features of LendingCrowd
This lender offers a technology-driven experience with digital applications and transparent loan management. LendingCrowd's platform matches loan requests to a pool of investors, supporting quick funding once subscribed.
- Fast, fully digital application with initial quotes in minutes and decisions typically within 24 hours. See LendingCrowd Reviews for user experience.
- Transparent fixed interest rates from 7.9% p.a. and arrangement fees up to 6% clearly stated. Refer to unsecured business loans rates.
- No penalties for early repayment or settlement, providing flexible cost management. Read about term loans features.
- Dedicated UK-based account managers and customer support available. Review our lenders directory for support services.
- Use of Open Banking and Open Accounting for faster underwriting and document submission. See industry technology insights.
Funding Eligibility
You may qualify for LendingCrowd loans if your business is a limited company or LLP incorporated and actively trading for at least 24 months, with an annual turnover above £200,000. Certain sectors are excluded, including property development and agriculture. Check more about business loan eligibility requirements and our tools for assessing qualifications.
Loan Options
LendingCrowd offers mainly term loans designed for unsecured business financing, including a Recovery Loan Scheme option for Covid-impacted companies.
- Unsecured Business Term Loan: £25,001 to £500,000, terms between 6 months and 5 years, fixed rates from 7.9% to approximately 14.9% p.a., arrangement fees 3%–6%. Suitable for businesses with at least two years operating and £200k turnover.
- Recovery Loan Scheme (RLS) Term Loan: £25,001 to £500,000, terms from 3 months to 6 years, interest capped at 14.99% p.a., arrangement fees 3%–6%. Intended for businesses affected by Covid-19 with turnover up to £45m and eligibility under scheme rules.
How to Apply
The application is fully online through the LendingCrowd portal. Expect a quick credit decision and fast funding once the marketplace funds the loan.
- Submit your application online with required documents including recent accounts and bank statements via Open Banking. See our application form guide.
- Provide latest filed accounts, last 6 months bank statements, management accounts, and director ID proofs. Consult our documents checklist.
- Review the loan offer and sign required personal guarantees, noting LendingCrowd typically requires these from directors/shareholders.
- Track loan progress in real-time via the online borrower dashboard until funding completion.
Funding Agent’s view on LendingCrowd
LendingCrowd is positioned well for established limited companies needing unsecured term loans up to £500,000. Its efficient digital process, transparent fixed rates, and the Recovery Loan Scheme support make it suitable for SMEs with proven trading history. However, strict credit requirements, mandatory personal guarantees, and sector exclusions mean it is not suitable for start-ups or firms with asset finance needs. Explore options using our business finance tools, check your eligibility at eligibility guides, or compare with alternative lenders in our lenders directory.
