Love Finance Secures £45 Million to Empower UK SMEs with Flexible Lending Solutions
Focus Keyword: Love Finance SME Lending
In a significant move aimed at bolstering support for UK small and medium-sized enterprises (SMEs), Love Finance, the rapidly ascending SME lender and broker, has successfully secured £45 million in its inaugural debt financing arrangement. This funding enables Love Finance to expand its loan portfolio, facilitating quicker and more flexible business financing for SMEs across the UK.
Unpacking the Financing Package
The financing consists of a £35 million Revolving Credit Facility (RCF) from Paragon Bank, a well-respected FTSE 250 specialist lender, alongside a £10 million junior Medium-Term Note (MTN) program from LGB Capital Markets. By accessing these resources, Love Finance can lend directly from its own book, expediting decision-making and broadening access to vital capital for UK SMEs.
Rapid Growth and Market Impact
Founded in 2016, Love Finance is a fully bootstrapped and profitable enterprise. Over the last four years, it has achieved an impressive 900% growth in revenue, reaching £9.2 million in 2024. Over the life of the company, Love Finance has provided £300 million in funding to over 7,000 SMEs throughout the UK.
Features of the Financing Structure
Each loan facilitated by Love Finance will be primarily supported through Paragon Bank’s senior RCF, while the junior MTN program from LGB Capital Markets adds layers of financial innovation. Paragon’s Structured Lending division is known for providing senior secured funding and has a proven track record of helping UK non-bank lenders scale their operations. LGB Capital Markets is celebrated for delivering inventive financing solutions, thus enhancing Love Finance’s ability to provide loans tailored to the unique needs of SMEs.
Statements from Industry Leaders
Paragon Bank commented:
“Paragon’s Structured Lending division is designed to support high-growth businesses with bespoke funding solutions that enable them to scale at pace. Our latest partnership with Love Finance reflects this mission. By backing innovative lenders like Love Finance, we’re proud to be helping strengthen the resilience and creativity of the UK’s vibrant SME sector, which plays a vital role in driving economic prosperity and regional development.”
Love Finance’s leadership expressed enthusiasm about this significant milestone. A representative from the company stated:
“Securing our first debt financing is a major milestone for Love Finance. With the support of Paragon Bank and LGB Capital Markets, we can scale our own book lending, reach more SMEs across the UK, and continue driving innovation in business finance. This funding brings us another step closer to our goal of being the UK’s most trusted and accessible SME lender.”
In support of Love Finance, LGB Capital Markets weighed in:
“We’re delighted to be supporting Love Finance at such a pivotal stage in their growth. Their data-driven approach to SME lending, combined with a clear vision and strong execution, makes them a standout in the market. This funding structure, combining Paragon’s senior facility with our MTN program, provides a scalable and robust platform for the next phase of expansion. We look forward to seeing the business continue to go from strength to strength.”
A Bright Future for UK SMEs
This £45 million debt facility underscores the strong institutional confidence in Love Finance’s performance and growth strategy. The funding aligns with the company’s ongoing commitment to equip UK SMEs with quick and flexible financial solutions that empower them to thrive.
Call to Action for SMEs
For small and medium-sized enterprises seeking tailored lending solutions, Love Finance invites you to explore more about their offerings on their official website.
Conclusion
With this new financing, Love Finance is poised to play a more substantial role in transforming SME lending in the UK, helping businesses access the capital they need to innovate, grow, and succeed in a competitive landscape.
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