We’re thrilled to share a major milestone for Love Finance: we’ve secured £45 million in our first debt financing arrangement to help more UK SMEs access fast, flexible business loans. The funding package comprises a £35 million Revolving Credit Facility (RCF) from FTSE 250 specialist lender, Paragon Bank, and a £10 million junior Medium-Term Note(MTN) programme from LGB Capital Markets.
This is the first time Love Finance has secured dedicated debt financing to support our own lending. Each loan will be principally supported through Paragon Bank’s senior RCF and LGB Capital Markets’ junior MTN programme. Paragon’s Structured Lending division, which has a strong record of providing senior secured funding to help UK non-bank lending businesses scale their own loan activities, and LGB, known for delivering innovative financing solutions, underpin Love Finance’s lending, while the remainder is provided by the company itself, offering flexibility and control in shaping loans to SME needs. This strong backing reflects institutional confidence in our growth and our commitment to supporting UK small businesses.
Jack Smith, Founder and CEO of Love Finance, said: "Securing our first debt financing isa 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.”
Jamie Pickering, Co-Head of Structured Lending at Paragon Bank, said: “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.”
Fergus Rendall, Director at LGB Capital Markets, said: "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 programme, 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."
This new funding brings us closer to our goal of becoming the UK’s most trusted and accessible SME lender. Since 2016, we’ve funded over £300 million in loans for 7,000+ SMEs, and this milestone allows us to continue scaling our support for small businesses across the UK. It’s a major step forward for Love Finance, and we’re proud to scale up our support for UK businesses.
🔗 SMEs looking for flexible and quick business loans can learn more on our website.
