Cheshire-headquartered UK funder LDF has launched an online asset finance site targeting instant responses for leasing and hire purchase for SMEs.
The funder says the site, called ‘lendinghive’, is the first site of its kind specifically focused at leasing equipment finance, where SMEs can enter information on the site and receive a response and quote in real time.
Go deeper with GlobalData
LDF said FinTech demand is increasing in the financial industry and that its offering brings the technology to a wider business audience. A spokesman for the business said lendinghive was also available on Android and IoS mobile devices via a web browser.
"We believe that lendinghive will prove to be a significant development in asset funding for SMEs in this country and change the way they approach growing their business, giving them the convenient, rapid access to asset finance normally only enjoyed by larger companies," says Peter Alderson, managing director of LDF.
"The present asset finance process is complicated and long-winded with multiple customer touch points. SMEs are a key driver for our economy but they are often let down by traditional funding channels – lendinghive will address this.
"Very often, owners of smaller SMEs are heavily involved in the day-to-day running of the business and are under tight time constraints making it difficult to address finance issues during normal business hours. lendinghive gives business owners the option to apply for funding wherever they are, whenever they want and can expect a decision in minutes."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn April’s magazine you can read more about the fintech push that is moving asset finance online.
