LoanTube SME credit access is expanding as the company uses its fair lending model to help small and medium-sized businesses that don’t have enough access to credit. LoanTube wants to close the credit gap for small and medium-sized businesses (SMEs) that are often left out of traditional finance by using fintech innovation and openness.
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.
LoanTube’s proprietary AI-powered platform, which has processed over 10,000 business loan applications to date, aggregates real time data from Companies House, credit bureaus, lender APIs, and fraud detection tools to build a comprehensive applicant profile. This enables the customer to access the most suitable loan on offer from its lender panel, which encompasses a broad range of financing options from unsecured business loans and revolving credit facilities to merchant cash advances. Every accepted business loan application is supported by a dedicated commercial finance broker to provide clarity, instil confidence, and ensure a seamless journey through to completion.
Building on six years of proven success in their consumer-focused business, LoanTube’s extension into SME financing brings an FCA regulated option in a market where regulation is not a requirement. The LoanTube SME credit access program promotes fair lending by using real-time rates and a marketplace approach to connect businesses with the best deals.
“Small businesses are the growth engine of our economy, yet many still struggle to access the finance they need to thrive” said Gurprit Singh Gujral, Founder and CEO of LoanTube. “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.”
Since its launch six years ago, LoanTube has become a champion for non-prime borrowers; recognised for its commitment to transparency and responsible lending practices. In addition to its customer facing model, LoanTube partners with lenders and marketplaces to embed its advanced applicant evaluation technology and lender matchmaking directly into their platforms.
“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,” said Harry Cranfield, Head of Partnerships at iwoca. “We’re excited to support their continued growth in this space and to work together in delivering smarter finance solutions to UK SMEs.”
