Lending Crowd Alternatives
This guide lists five UK focused alternatives to Lending Crowd, so buyers can compare speed, eligibility, products, and pricing before applying.
Quick Compare:
1. Iwoca
Iwoca offers flexible funding options for UK small businesses, suitable for growth, inventory, or cash flow needs. It provides quick decision-making and short-term loans with minimal collateral. Their focus is on speed, accessibility, and flexible terms.
Loan and pricing details
- Min amount: £1,000
- Max amount: £1,000,000
- APR min: 18%
- APR max: 49%
- Loan durations: 1 day to 24 months
Funding range note: from 1,000 to 1,000,000
Speed: Decision in 24 hours
Interest rate notes: Interest rates start at 1.5% a month, equivalent to around 18% APR.
Eligibility
- Min trading months: Unknown
- Min monthly turnover: Unknown
- Credit flexibility: Moderate
Personal guarantee: Commonly required
Homeowner advantage: Beneficial
Services and sectors
- Products: term_loan, invoice_finance
- Industries: General small business
Best for
- Quick funding needs
- Small businesses
Pros
- Quick decisions
- Flexible loan amounts
Cons
- Higher interest rates for riskier businesses
Sources: https://www.iwoca.co.uk/business-loan-calculator
2. Nucleus Commercial Finance
Nucleus Commercial Finance specialises in providing a range of financial products including term loans, asset finance, and commercial mortgages. It caters to established businesses needing flexible capital solutions and often incorporates broker access for wider options. It offers competitive rates with moderate security requirements.
Loan and pricing details
- Min amount: £3,000
- Max amount: £2,000,000
- APR min: Unknown
- APR max: Unknown
- Loan durations: Varies by loan type
Funding range note: from 3,000 to 2,000,000
Speed: Rapid decision process
Interest rate notes: Interest rates start from 7%, with unsecured loans up to £100K.
Eligibility
- Min trading months: Unknown
- Min monthly turnover: Unknown
- Credit flexibility: Varied
Personal guarantee: Typically required for larger amounts
Homeowner advantage: Not specifically beneficial
Services and sectors
- Products: term_loan, asset_finance
- Industries: Various sectors
Best for
- Flexible loan terms
- Mid to large-sized loans
Pros
- Large loan amounts
- Variety of loan options
Cons
- Higher rates for unsecured loans
Sources: https://nucleuscommercialfinance.com/types-of-funding/nucleus-business-loans/
3. Capify
Capify focuses on providing quick, unsecured working capital and short-term financing options. It caters to businesses seeking fast access to funds with flexible repayment plans, often with brokered service. Collateral is typically not required, and LTV bands can vary based on product.
Loan and pricing details
- Min amount: £5,000
- Max amount: £1,000,000
- APR min: Unknown
- APR max: 67.89%
- Loan durations: Short-term
Funding range note: from 5,000 to 1,000,000
Speed: Same-day funding available
Interest rate notes: APR can reach 67.89% for loans over short terms.
Eligibility
- Min trading months: Unknown
- Min monthly turnover: Unknown
- Credit flexibility: Moderate
Personal guarantee: Usually required for higher amounts
Homeowner advantage: Not explicitly beneficial
Services and sectors
- Products: term_loan, merchant_cash_advance
- Industries: Retail, Service
Best for
- Quick cash flow needs
- Short-term loans
Pros
- Fast funding
- Unsecured
Cons
- High interest rates for small loan amounts
Sources: https://www.capify.co.uk/annual-percentage-rate-apr-explained/
4. Fleximize
Fleximize provides flexible loan products tailored for SMEs that value speed, flexibility, and early repayment options. Its offerings focus on growth, working capital, or funding projects, often integrating broker channels for wider access. Fleximize is known for quick decisions and adaptable repayment terms.
Loan and pricing details
- Min amount: £5,000
- Max amount: £500,000
- APR min: 42.4%
- APR max: Unknown
- Loan durations: Varies
Funding range note: from 5,000 to 500,000
Speed: Decisions in 24 hours
Interest rate notes: Representative APR 42.4% for loans £25,000 and below.
Eligibility
- Min trading months: Unknown
- Min monthly turnover: Unknown
- Credit flexibility: High
Personal guarantee: Often required
Homeowner advantage: Beneficial
Services and sectors
- Products: term_loan, revolving_credit
- Industries: Diverse sectors
Best for
- SMEs
- Customizable loan terms
Pros
- Flexible terms
- High approval rates
Cons
- Higher APR for smaller loans
Sources: https://fleximize.com/apply
5. White Oak
White Oak offers a diverse range of business finance options, including term loans, asset finance, and invoice financing. It supports SMEs seeking reliable funding with flexible repayment plans. The company focuses on quick access and tailored solutions for business growth and refinancing.
Loan and pricing details
- Min amount: £5,000
- Max amount: £2,000,000
- APR min: 7.5%
- APR max: 18.9%
- Loan durations: 12 months to 5 years
Funding range note: from 5,000 to 2,000,000
Speed: Funds available in 48 hours
Interest rate notes: APR ranges from 7.5% to 18.9% depending on the loan.
Eligibility
- Min trading months: Unknown
- Min monthly turnover: Unknown
- Credit flexibility: Varied
Personal guarantee: May be required
Homeowner advantage: Advantageous for some loans
Services and sectors
- Products: term_loan, asset_finance, invoice_finance
- Industries: SMEs in various sectors
Best for
- SMEs
- Large loan requirements
Pros
- Large maximum loan amount
- Diverse finance options
Cons
- Higher initial approval requirements
Sources: https://whiteoakuk.com/
Final notes
Matching the right provider depends on the intended use case. For traditional bank loans, your approach should focus on direct applications through their channels. Brokers and multi-lender panels can help access a range of options for varied needs. When comparing providers, match loan size, timeline, and sector fit first, then confirm current rates and fees with the finance provider. If one option declines your application, a broker or multi lender panel may still place the deal.
