Lovey Secures £250m Funding Facility for UK SME Growth

BIRMINGHAM, England, Oct. 27, 2026 /CourierPR/ -- Lovey, the UK's fastest-growing fintech and financial services provider, has announced a significant milestone in its growth journey with the signing of a £250 million senior secured credit facility with Pollen Street Capital. This facility, which includes £50 million in committed capital and a £200 million accordion, represents the largest funding facility in Lovey’s history and underscores the firm’s commitment to supporting UK small and medium-sized enterprises (SMEs).

Founded by Jack Smith in 2016, Lovey has transformed from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. The company’s mission is to make lending simple, fast, and accessible, and it has achieved an industry-leading 4.9-star Trustpilot rating. Businesses can enquire for a loan in just 60 seconds and receive funding in as little as four hours.

In 2022, Lovey began lending directly from its own balance sheet, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, offering customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs.

The new facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Lovey’s existing funding arrangements include a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility builds on these arrangements and adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

Founded in Birmingham in 2016, Lovey has a mission to make lending simple, fast, and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK. Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK's fastest-growing companies, Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as four hours.