LendingCrowd reports record month of lending

LendingCrowd is celebrating a record month of lending after it delivered almost £3m of funding to UK SMEs in April.

During the first four months of 2018, the P2P lender equalled 2017’s total lending to Scottish companies.

LendingCrowd also announced that it expected to more than double its lending total this year after securing £2m of funding.

It is also targeting £10m of lending to Scottish SMEs this year.

“Since launching in 2014, our mission has been to do things differently to the banks because we know that SMEs need an alternative route to funding,” said Adrian Innes, head of origination at LendingCrowd (pictured above, left). 

“SMEs are the powerhouse of the British economy but many of our most promising businesses face difficulties in accessing the funds that allow them to grow and enter new markets.

“Combining the best of technology with prudent banking tradition, our credit team – who have a century of combined credit analysis experience – enable established small businesses to access flexible and affordable financing.”

Also pictured above: Stuart Lunn, CEO at LendingCrowd

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