Quilam are providing growth capital to 1plus1 Loans an established UK guarantor loan provider. The facility is structured as a mezzanine position supporting the accelerated growth of the portfolio. 1plus1 Loans is an FCA authorised UK unsecured consumer finance business, offering guarantor loans to the non-prime market.

First established as a broker in 2008 by entrepreneurs Paul and Gary Mckenna (Father and Son), the business has pivoted to lending and is now focused on being a leading example of regulatory excellence and is looking to re-establish a guarantor loan offering in the UK. The business is well placed without the legacy back-book issues of previous guarantor lenders and having invested heavily in technology to support its regulatory compliance.

1plus1 place it’s core focus on the affordability and the appropriateness of the loan, with open banking used as a key part of the underwriting process. The businesses investment in systems has resulted in improved reliability, service, conversions and pay-out times.