Your June newsletter

We’re always working to make the funding journey smoother for you and your clients, so read on for details of how we’ve simplified our refinancing process. Thank you for your continued support – and keep submitting your deals!

ECONOMIC ROUND-UP

• The Bank of Bank of England’s Monetary Policy Committee voted at its June meeting to maintain the base rate at 4.25%. The vote was 6-3 in favour of holding rates steady. The next MPC rates decision is due on 7 August.
• The rate of inflation, as measured by the Consumer Prices Index, remained at 3.4% in May as cheaper transport costs offset higher food prices. Inflation data for June will be published on 16 July.
• Economic growth accelerated to 0.7% in first quarter of 2025, compared with a rise of 0.1% in the previous quarter. The Office for National Statistics said growth was driven by quarterly expansion in the services and production sectors of 0.7% and 1.1% respectively.

Dates for your diary

Thursday 3 July: BoE Credit Conditions Survey Q2

Friday 11 July: GDP estimate for May 2025

Wednesday 16 July: Inflation data for June 2025

Thursday 7 August: BoE base rate decision

Refinancing with LendingCrowd

Many clients choose to refinance their existing facilities elsewhere with an affordable loan from LendingCrowd, so we’re pleased to announce an enhancement to our process that will make the refinancing journey smoother.

We no longer need redemption statements from your clients’ existing lenders when they’re looking to refinance with us. Instead, we’ll ask clients to confirm that they understand it is their responsibility to repay the existing debt in full and agree to do this when they receive the LendingCrowd loan funds.

Celebrating success

Since LendingCrowd launched in October 2014, we’ve delivered more than £450 million of loans to businesses the length and breadth of Britain. We’re proud to be supporting the growth of British SMEs and would love to feature your deals on our case studies page.

If you’ve done a deal and would like to highlight how we can work together to fund your clients’ ambitions, please get in touch with your Account Manager.

HERE TO HELP

Our Servicing team is on hand to help with any queries about your clients’ loans. Whether it’s a question about repayments, overpayments or account balances – or anything else related to an existing loan – the team can be contacted at borrower@lendingcrowd.com