We’re thrilled to announce that we’ve secured £45 million in debt financing, our first dedicated funding arrangement to power more SME business loans across the UK. 💜 This milestone package includes: - £35m Revolving Credit Facility (RCF) from FTSE 250 specialist lender Paragon Banking Group PLC - £10m junior Medium-Term Note (MTN) programme from LGB Capital Markets “Securing our first debt financing is a major milestone for Love Finance. This funding brings us closer to our goal of being the UK’s most trusted SME lender,” says Jack Smith, Founder & CEO. Grateful for the support and trust that allows us to scale our own book lending, make faster decisions, and help more UK SMEs access fast, flexible loans. 💡✨ Read more here: https://lnkd.in/eEdWjdDb
Securing debt financing, especially from established institutions like Paragon, signals a strong validation of your model and future growth potential. It's interesting to see how this approach contrasts with traditional equity rounds in scaling operations.
Congrats Jack Smith
Co-Founder & Head of Strategy | Mentor @ Founder Institute
3wCongrats Jack Smith and the Love Finance team on securing £45m. A major milestone that will help more SMEs access the funding they need. Wishing you continued success ahead.