Borrowing FAQ


  • 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?
    • There are a few fees attributed to arranging a loan through us, these are:

      – £1,000 (plus VAT) listing fee
      – 1.5% (plus VAT) of the value of the loan on drawdown

      Please note that any valuation or security charges will be at the borrowers expense.

      Our Sponsors also charge a fee which varies depending on the Sponsor and the loan itself. See the FAQ below.

Applying for a loan

  • What information would I have to provide?
    • Initially we just require you to fill out our simple application form. We believe in a more human approach to evaluating businesses therefore someone from our Loans Team will contact you within 24 hours to take you through the next steps and what supporting information will be required.

  • Can any company representative apply for a loan?
    • All loan applications must be made by an authorised officer of the business.


  • 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.

Repaying the loan

  • How do you calculate loan repayments?
    • The amount of the fixed monthly repayments depends upon the amount borrowed, the rate of interest and the loan period. To help calculate this, we have prepared a spreadsheet to see how these variables will influence your monthly repayment. Download our loan repayment calculator.

  • Can I repay the loan early?
    • Yes, you can and there are normally no penalties or additional costs for early repayment of the loan. The exception to this being if your agreement stipulates that the loan will run for a minimum number of terms. If you choose to break the agreement there will be a penalty and you will have to pay all due interest up to the minimum term.

  • What happens if I’m late or think I will be late in making a repayment?
    • If you think you may be late with a payment or are experiencing financial difficulties then speak to either the Sponsor or call us at ThinCats to discuss the position at the earliest opportunity.

  • How do I make loan repayments?
    • All loan payments are made via a direct debit from your designated business current account.

The funding process

  • What happens if my loan does not reach its target amount?
    • When applying for a loan you can state a minimum amount as well as a target amount, and assuming that this amount is reached, we can support that figure. We cannot support loans that do not reach their specified minimum.

  • What information will be available to investors?
    • The investors will have access to the full Information Pack along with supporting information that is provided to the platform by the Sponsors. This may include information (but not limited to) such as: – Financial Accounts, Forecasts, Valuations, Business Plans etc.

  • Can I answer questions from investors?
    • Our Sponsors often answer questions on behalf of borrowers, but if you want to interact with investors directly there is a Q & A facility for every loan listed.

Property Finance


  • 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.