LendingCrowd, one of the UK’s fastest-growing alternative finance lenders to the SME market, reports a surge in demand from UK businesses seeking growth capital on its p2p lending platform. In order to match this demand, LendingCrowd has launched an August-only promotion giving investors £150 cashback when they lend £2,500*.
LendingCrowd offers both active and passive investment options, with target returns of 6%*. The investment products are simple, transparent with no fixed term. Investors can also take advantage of tax-free* earnings using LendingCrowd’s new ISA, either through the current years’ allowance or transferring in from an existing ISA. It only takes a few minutes to set up an investor account, deposit funds and begin earning by lending to creditworthy businesses.
LendingCrowd CEO Stuart Lunn commented “We are pleased to launch this offer across our range of products, including our Innovative Finance ISA. LendingCrowd provides a simple way for investors to access SME loans and diversify away from traditional asset classes, such as equities, while benefiting UK SMEs. ”
*Terms apply. Your Loan Return Rate May Differ. Capital is at Risk. Exit fees applicable and ability to sell investments depends on the availability of buyers. This is not guaranteed.As an Investor it’s important to remember you are lending to businesses so your capital is at risk. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme. Tax treatment depends on the individual circumstances of each client and may be subject to change in future.
LendingCrowd enables investors to invest in SME loans using an industry-leading technology platform. Since launching in 2014, LendingCrowd has become fully authorised by the Financial Conduct Authority, launched an ISA product for investors and agreed a lending partnership with Scottish Enterprise.