Love Finance secures £45m to scale SME lending

October 3, 2025

Love Finance has closed its first debt financing deal, securing £45m to expand lending to small and medium-sized businesses across the UK.

The package is comprised of a £35m revolving credit facility from Paragon Bank and a £10m junior medium-term note programme provided by LGB Capital Markets.

The milestone gives the lender the ability to provide loans directly from its own balance sheet, speeding up decision-making and expanding access to business funding for SMEs. Established in 2016, the company has been entirely bootstrapped while scaling rapidly, growing revenues by more than 900% in the past four years to reach £9.2m in 2024. Over the same period, its workforce has doubled and the company has delivered more than £300m in funding to over 7,000 SMEs nationwide.

Paragon Bank co-head of structured lending Jamie Pickering 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.”

Love Finance founder and CEO Jack Smith said, “Securing our first debt financing is a 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.”