Flexible finance for your business

Borrow £100k - £5m | Flexible terms | Competitive rates | Over £250m lent to SMEs

defaqto 5 Star Rating in Crowdfunding (Loan-Based)

Business finance without the bank



Here at ThinCats we go beyond the standard credit checks and check boxes that grant or deny a business loan. We offer a much more hands on approach through our network of loan Sponsors. These Sponsors are financial service professionals with proven experience in the SME market, debt structuring, financial analysis and financial report writing.


The Sponsor will work closely with you and will help put your proposal together. They will come and visit you, assess your business and discuss what we can do for you. This may sound like an old school approach, but we believe a human touch is essential in an increasingly digital world. Our loans are all flexible, and can be adapted to suit your needs.


Starting the process is as simple as filling in a form. All we need to know are a few basic details about your business and loan purpose, and a ThinCats representative will get back to you within one working day. If suitable we will put you in contact with a Sponsor and we will take it from there. Do not hesitate, cut the red tape and get in touch today.


Flexible business finance to suit your needs

Size £100k – £5m
Security Is a requirement but can be tailored to each proposal
Term From a few months to a maximum of 5 years
Flexible repayments The majority of repayment structures are considered for example:- interest only; ad-hoc repayments; partial amortising and bullet repayments
Trading history Evidence of 2 years trading will be needed that shows affordability


We are well established in the industry

Peer 2 Peer Finance Association logo National Association of Commercial Finance Brokers logodefaqto crowdfunding (loan based) 5 star rating badge

Why borrow through ThinCats?


  • Working with our accredited professional Sponsors, provides SMEs access to unrivalled business advisors capable of putting together complex business cases
  • We undertake preliminary assessments ready to ensure a smooth and speedy listing on the ThinCats Platform
  • Remove the lengthy delays often seen when dealing with Banks
  • We work with businesses from all over the UK, location is not a problem


  • Reduce complicated and unnecessary covenants and conditions
  • From receipt of the Information Pack to drawing the funds is down to a matter of days and not months
  • All fees and costs are totally transparent – there are no nasty surprises
  • We support businesses in all industry sectors, from property to finance to health care


Borrowing for business success

County to County Group

5 loans totalling £3,730,000

Photograph of a building under construction

Their story

AFP Medical

5 year amortising loan

AFP Medical logo

Their story

Value Licensing

£750,000, 2 year loan

Photograph of David Marshall (centre) with David Hubbard and Jonathan Horley from Value Licensing

Their story


Frequently Asked Questions

You will find below a selection of our most popular borrower queries. For more detail visit our dedicated Borrower FAQ page.

  • Who can apply for a loan?
    • We provide loans ranging from £100k-£5m to established businesses with at least 2 years of trading history. The borrower must be based in the UK and be willing to provide security, personal guarantees may also be required to secure funding.

      Those looking to raise community loans do not need to provide security and should directly get in touch with our Sponsor Community Chest.

  • What fees do you charge?
    • Upfront fees

      Listing fee

      £1,000 (plus VAT)

       

      Arrangement fee

      Non underwritten loans – Typically 1.5% (plus VAT)

      Underwritten loans – Typically 2.5% (plus VAT)

      Sponsor fee – as agreed directly with Sponsor

       

      Legal fees

      Based upon the complexity of the transaction.

       

      Ongoing fees

      All ongoing fees are incorporated into the agreed interest rate.

      Platform fee

      1% to 4% pa

      This fee relates to ongoing administration, monitoring and risk management. Rate dependent on risk profile.

       

      Underwriters ongoing fee

      Where a loan is underwritten it will be subject to an ongoing fee of 0.5% pa which is payable to the underwriter.

      Note: The Platform fee and Underwriters ongoing fee may vary according to the risk profile of the loan and will be agreed with the Borrower on a case by case basis.

       

      Default and recovery fees

      Default Administration Fee

      3% pa (based upon the principal of the loan outstanding at the date of default)

      The Default Administration Fee is charged from the date the Borrower goes into default or a default event occurs and continues until such time as the default is remedied or the Borrower enters a formal insolvency process.

       

      Recovery Fees

      Recovery fees of 15% of the principal amount of the loan outstanding will be charged to the Borrower, in the event of the Borrower entering into a formal insolvency process.

  • Who are Sponsors?
    • Sponsors are a primary point of contact for potential borrowers. They are financial services professionals, in teams that include at least one person with banking experience. Find out more about Sponsors.

  • What is the Sponsor’s role?
    • They assess the business proposals and vet applications for loans. They help the borrower to prepare the loan information. That includes meeting with the borrower and getting to know their business, team, structure the proposal, as well as assessing the security on offer. They answer questions from lenders during the auction.

  • Do Sponsors charge fees?
    • Our Sponsors also charge a fee which varies depending on which Sponsor and the loan itself. Typically their fees range from 2-4% on drawdown.

  • What Security does ThinCats accept?
    • For a limited company, the minimum security expected is a mortgage debenture. A debenture creates fixed and floating charges over the present and future assets of the borrowing company. Additional security may be taken in the form of a specific charge over assets such as freehold and leasehold property, a chattels mortgage may also be provided in respect of specific items of plant and machinery.

      The debenture is legally binding and is registered at Companies House, as is a chattels mortgage and certain specific charges. Where appropriate specific charges are also registered at the Land Registry.

      Where a company is part of a group, we will also take cross guarantees from the associated companies, often supported by a debenture over the guaranteeing company.
      In addition, we usually take personal guarantees from the directors of the company. The security taken for each loan is bespoke and appropriate to the nature of the business and is set out in the information pack.

      Please note that should any legal charges or guarantees be taken we reserve the right to insist on independent legal advice being given to the individuals pledging the security.