Credit, Collections & Insolvency News
Digital credit marketplace, LoanTube has announced the launch of its SME brokerage platform, bringing the speed, intelligence and transparency of its consumer lending platform to small and medium-sized businesses.
Emerging from two years of stealth development, LoanTube’s SME brokerage matches applicants to a diverse panel of more than 50 finance providers including major high street banks such as Barclays, Lloyds, NatWest and Santander alongside leading technology-driven lenders such as iwoca, Funding Circle and YouLend.
Gurprit Singh Gujral, Founder and CEO of LoanTube said “Small businesses are the growth engine of our economy, yet many still struggle to access the finance they need to thrive.
“The launch of our SME brokerage is a testament to the hard work of our team, building a market-leading personal loans brokerage platform for non-prime borrowers and expanding its remit to boost financing for underserved small businesses. Where others have fallen short, we’re applying the same proven formula that transformed consumer lending to help business owners find the right lender at the right time.”
Harry Cranfield, Head of Partnerships at iwoca said “LoanTube bringing their technology-led approach to the SME finance space is great news for underserved small businesses in a time where financial inclusivity is key. We’re excited to support their continued growth in this space and to work together in delivering smarter finance solutions to UK SMEs.”
