Love Finance, a UK SME lender and broker, has secured £45 million in its first debt financing arrangement, enabling the company to expand its loan book and support more UK SMEs with fast and 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 milestone allows Love Finance to lend directly from its own book, accelerating decision-making and widening access to essential capital for SMEs. Founded in 2016, fully bootstrapped and profitable, Love Finance has grown revenue over 900% in the last four years to £9.2 million in 2024 and doubled its team, while providing £300 million in funding to more than 7,000 SMEs across the UK.
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.
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.”
