Love Finance, the UK-based SME lfinisher and broker, has secured £45 million in a debt financing package. The deal combines a £35 million Revolving Credit Facility (RCF) from Paragon Bank and a £10 million junior Medium-Term Note (MTN) programme from LGB Capital Markets.
The funding will allow Love Finance to lfinish directly from its own balance sheet, speeding up decision-creating and broadening access to vital capital for UK compact and medium-sized businesses. It also enables the company to scale its loan book rapidly, shifting beyond a broker-led model into more direct lfinishing, while still maintaining the flexibility that has defined its offering.
Access to loans built quicker
Founded in 2016 by 33-year-old Jack Smith, Love Finance set out to build business loans quicker, simpler, and more accessible. Smith, a Birmingham native, grew the company without outside equity, driving profitability and scale through efficiency and customer focus.
Over the past four years, revenues have surged by more than 900%, reaching £9.2 million in 2024. During this period of growth, the company doubled its workforce and provided more than £300 million in loans to over 7,000 SMEs across the UK.
Redefines SME lfinishing
Speed and simplicity remain central to the company’s mission. Businesses can enquire in just 60 seconds, check eligibility in five minutes, and receive funding in as little as four hours. With a five-star Trustpilot rating, Love Finance has become a trusted partner for entrepreneurs seeking quick, reliable financing without unnecessary complexity.
By combining its dual role as both lfinisher and broker, Love Finance offers a wider range of solutions than traditional providers. It has carved a niche in delivering personalised support at scale, giving SMEs across sectors the confidence and resources to grow.
What’s ahead for Love Finance?
The £45 million financing package signals the launchning of a new chapter for Love Finance. With the ability to fund directly from its own book, the company is positioned to capture a larger share of the SME lfinishing market, where demand for quick and flexible loans continues to rise.
For Jack Smith and his team, the ambition is clear: to become the go-to destination for UK SMEs seeking finance that matches their pace. By blfinishing profitability with innovation, Love Finance is proving that a bootstrapped startup can scale into a national player, while reshaping how business finance works for thousands of companies across the UK.
Jamie Pickering, Co-Head of Structured Lfinishing at Paragon Bank, stated: “Paragon’s Structured Lfinishing 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 lfinishers like Love Finance, we’re proud to be assisting strengthen the resilience and creativity of the UK’s vibrant SME sector, which plays a vital role in driving economic prosperity and regional development.”,
Jack Smith, Founder and CEO of Love Finance, stated: “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 lfinishing, 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 lfinisher.”
Fergus Rfinishall, Director at LBG Capital Markets, added: “We’re delighted to be supporting Love Finance at such a pivotal stage in their growth. Their data-driven approach to SME lfinishing, combined with a clear vision and strong execution, builds them a standout in the market. This funding structure, combining Paragon’s senior facility with our MTN programme, provides a scalable and robust platform for the next phase of expansion. We see forward to seeing the business continue to go from strength to strength.”
Leave a Reply