Lovey launches £10 million junior note programme with LGB
LGB Capital Markets reports an oversubscribed first issue under the programme for the lender then known as Love Finance.
A junior funding channel for SME loans
Love Finance, now branded Lovey, established a £10 million secured medium-term note programme arranged by LGB Capital Markets, announced on October 1, 2025. LGB said the first issue was oversubscribed.
The £10 million figure is the programme’s capacity. Proceeds from the first issue were not disclosed. The programme provides junior funding alongside a separate £35 million senior revolving facility from Paragon Bank.
Supporting the company’s own lending
The structure supports loans made from the company’s own balance sheet. Lovey combines direct lending and brokerage to provide UK small businesses with working capital and growth finance.
Use of funds
Finance UK SME loans from the company’s own balance sheet