Who am I lending to?
Through the Growth Street platform, you’ll be lending to growing, small to medium sized businesses in the UK. Using the funds lent through the marketplace, Growth Street offers these businesses a secured overdraft product, designed to assist them with growing working capital needs.
Every Growth Street borrower will have passed our rigorous credit underwriting and be using the money to finance growth, including hiring more staff, buying more supplies, and investing in marketing and sales.
Each Growth Street borrower is required to provide regular, direct access to in-depth business and financial data both at the time of application, and continually throughout the term of borrowing. This data includes things like management reports, bank activity, and in many cases direct access to cloud accounting data. Growth Street borrowing facilities are uncommitted, so drawdown requests are only processed if, using the latest data available, the key covenant tests are still being met.