LDF lent SMEs half a billion in 201719/01/2018
LDF Group started 2017 with a firm objective; to provide UK small businesses with £500 million in finance that could both drive growth and support entrepreneurism across the board. Reports previously released by the RBS independent lending review suggested that UK small businesses were underfunded by as much as £35 billion, making access to finance for Britain’s small business population an increasingly critical consideration.
According to Peter Alderson, LDF Managing Director, LDF Group has taken the time over the past two years to develop a new and more varied range of products, many directly in response to customer and market demand, including the group's Business Development Loan, Interest Only options and a Commercial Mortgage offering. With this approach LDF Group claims to have delivered more than 32 pct more funding to UK businesses in 2017 than in 2016.
Peter Alderson said, "I am delighted with the performance of the business in 2017. We’ve committed ourselves to delivering better and more capable solutions across the business, providing new products and better systems that facilitate increased opportunities to our customers, both directly and through our rapidly growing broker community.
It’s no secret that UK business owners need more support, be it to scale up and invest in their operations or simply to aid cash flow. We know our customers have choice within the market, and as such, we are extremely proud that more businesses than ever before have chosen to do business with LDF, via both new and existing relationships.”
2017 was a year of change for LDF, not just in terms of what it had to offer customers, vendors and brokers, but also in the way it communicated. The company says that it "removed the jargon, choosing to talk plainly and simply to our audiences, demonstrating a clear and less bureaucratic approach to lending. We called it the flipside of finance."
Peter also said, “In terms of what the future holds for us, it’s quite simple. We will continue to do more of the same, delivering substantially increased opportunities for finance to small businesses across the UK, ensuring that we continue deliver the most appropriate solutions to our customers ever-changing needs.”