Love Finance secures £45m debt financing for SME loans

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

  • graphical user interface, application
Salih Tahir

Co-Founder & Head of Strategy | Mentor @ Founder Institute

3w

Congrats 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.

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.

Richard West 🚩🚨

CEO at Red Flag A!ert A career with over £15m in Data\SaaS sales - Closed £4.5m Series A 2023, 42 under 42 2023

4w

Congrats Jack Smith

See more comments

To view or add a comment, sign in

Explore content categories