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Introducing Growth Street

7th August 2019

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Growth Street, our latest partner in the Starling Marketplace, is a next-generation finance provider offering a flexible line of credit to SMEs, giving them the fuel to take flight.


“I’m experiencing cash flow problems.” The famous last words of small and medium-sized businesses throughout the land; all too often businesses with brilliant products and flourishing sales. According to the Office of National Statistics, cash flow issues account for 90% of business failures in the UK.

The good news is that a new generation of finance providers such as Growth Street are providing access to flexible forms of credit, to help businesses deliver on their growth plans.

Picture the scene: your company has just won a lucrative new contract with a dream client but without taking on additional staff and buying new hardware, there’s no way you’re going to be able to deliver it on time. Or you may have secured a colossal order for Christmas but you’re not going to get paid for your goods until the following March.

Access to a flexible credit line is one of the most vital levers for growth. The trouble is that traditional finance providers can be reluctant to lend to small businesses even if they’re showing good profit. Especially so since the 2008 financial crisis. Between 2008 and 2018 overdraft lending to businesses reduced by as much as £18 billion, according to research by Growth Street, a peer-to-peer marketplace that matches investors with borrowers and the latest partner to join Starling’s Marketplace.

Growth Street was created precisely because many great companies were struggling to acquire the working capital finance they needed. The platform’s flagship product, GrowthLine, is a revolving credit facility that lets your business unlock cash tied up in your unpaid invoices, stock and/or work in progress. It works much like an overdraft: once you have your limit, you can draw down funds and make repayments as often as you like in a given month.

Companies can access capital when they need it, flexibly pay it back and only pay interest on what they borrow, when they borrow. Growth Street matches borrowers with investors using a marketplace.

If you’re wondering how much credit you can access, Growth Street will lend up to 85% of the value of a customer’s invoices, up to 35% of work in progress, or up to 35% of the value of a company’s stock. Depending on your situation, you have access to between £25,000 and £2 million. Once your limit is set, you can drawdown and repay as often as you like within the month. To qualify for GrowthLine, your business has to have been in operation for 15 months and be registered in the UK.

When you set up a GrowthLine, you’ll be offered an interest rate based on Growth Street’s credit assessment of your business. This assessment uses quantitative financial information about your business and a qualitative review based on a discussion that the Growth Street team will have with you.

So, where does Growth Street’s capital come from? Growth Street operates a peer-to-peer marketplace that matches investors with borrowers. Retail investors and companies alike can invest and earn interest by lending money to borrowing businesses.

There’s no excuse to put those expansion plans on hold any longer. Find Growth Street in the Starling Marketplace and take your business onwards and upwards.

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