Love Finance, the UK鈥檚 fastest-growing SME lender and broker, has secured 拢45 million in its first debt financing arrangement.
The funding package comprises a 拢35m revolving credit facility from FTSE 250 specialist lender Paragon Bank, and a 拢10m junior medium-term note programme from LGB Capital Markets.
This milestone allows Love Finance to lend directly from its own book, accelerating decision-making and widening access to essential capital for SMEs.聽
Founded in 2016, fully bootstrapped and profitable, Love Finance has grown revenue over 900% in the last four years to 拢9.2m in 2024 and doubled its team, while providing 拢300m in funding to more than 7,000 SMEs across the UK.
鈥淪ecuring our first debt financing is a major milestone for Love Finance,鈥� said Jack Smith, founder and CEO.
鈥淲ith 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.聽
鈥淭his funding brings us another step closer to our goal of being the UK鈥檚 most trusted and accessible SME lender.鈥�
Jamie Pickering, co-head of structured lending at Paragon Bank, added: 鈥淧aragon鈥檚 structured lending division is designed to support high-growth businesses with bespoke funding solutions that enable them to scale at pace.
鈥淥ur latest partnership with Love Finance reflects this mission. By backing innovative lenders like Love Finance, we鈥檙e proud to be helping strengthen the resilience and creativity of the UK鈥檚 vibrant SME sector, which plays a vital role in driving economic prosperity and regional development.鈥�
Fergus Rendall, director at LGB Capital Markets, said: “We鈥檙e 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.聽
鈥淭his funding structure, combining Paragon鈥檚 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.”
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