Lovey secures £250m Pollen Street facility for SME lending. October 28, 2026 Birmingham-based FinTech Lovey has secured a senior secured credit facility of up to £250m from alternative asset manager Pollen Street Capital, marking the largest funding line in the SME lender's history. The facility comprises £50m in committed capital and a £200m accordion, giving Lovey additional capacity to expand lending from its own balance sheet while continuing to grow its brokerage operations. The funding will support the company's efforts to increase its lending capacity and provide more UK small and medium-sized enterprises (SMEs) with access to credit. Lovey said the deal reflects institutional investor confidence in its lending model, technology and long-term growth plans. Founded by Jack Smith in 2016, Lovey has grown from a one-person operation into a business employing 120 people. The company has provided more than £600m in loans to over 11,000 SMEs across the UK, targeting businesses seeking faster and more flexible access to finance. Lovey entered direct lending in 2022, building on its experience as a broker to address gaps in the SME finance market. It now operates both models, allowing businesses to borrow directly from Lovey or access funding through its network of lending partners. The company says businesses can submit an enquiry in 60 seconds and may receive funds within four hours. The new facility follows funding arrangements announced last year, including a £35m revolving credit facility from Paragon Bank and a £10m junior medium-term note programme from LGB Capital Markets. Ashurst Perkins Coie advised Lovey on the transaction, while Simmons & Simmons represented Pollen Street. Founded in 2013, Pollen Street manages more than €9bn across private equity and credit strategies and employs over 100 professionals. Lovey founder and CEO Jack Smith said, "This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we're really pleased to have them backing Lovey for this next stage of growth." Lovey chief operating officer Kai Hunter added, "The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK's small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty." Pollen Street investment director Ethan Saggu also commented, "Lovey has spent almost a decade seeing the UK SME lending market from a broker's perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales." Enjoying the stories? Investors. The following investor(s) were tagged in this article.

Lovey announces £250m senior secured credit facility with Pollen Street Capital. 57 minutes ago UK's fastest-growing fintech announces its largest funding facility to date to support more UK SMEs Birmingham, UK, 27 October 2026: Lovey, the UK's fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital ("Pollen Street"), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey's history and marking a key milestone in the company's growth. The facility demonstrates continued institutional investor confidence in Lovey's lending model, technology and long-term strategy and reinforces Lovey's position as a leading finance provider focusing on SME funding. The 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. Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly. Lovey began lending directly from its own balance sheet in 2022, 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, giving 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, while the new facility provides greater capacity to grow its direct lending operation. Jack Smith, Founder and CEO at Lovey, comments: "This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we're really pleased to have them backing Lovey for this next stage of growth." Kai Hunter, Chief Operating Officer at Lovey, comments: "The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK's small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty." Ethan Saggu, Investment Director, Pollen Street, adds: "Lovey has spent almost a decade seeing the UK SME lending market from a broker's perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales." Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons. The facility builds on Lovey's existing funding arrangements announced last year, including 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 also adds to Lovey's growing institutional funding base as it enters its next phase of expansion. About Lovey (the trading name of Love Finance Limited): Lovey is the UK's fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, 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 4 hours.