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How AI is Powering the Next Generation of Business Loans

Artificial intelligence (AI) is transforming SME lending, powering smarter, faster, and more accessible business loans. Platforms like Abound use AI to analyse vast data sets, assess credit risk, and personalise loan offers with unprecedented speed.

Why does this matter?

Traditional lending often relies on historical credit data, which can disadvantage growing or newer businesses. AI integrates real-time financial data, market conditions, and even behavioural analytics to deliver more accurate credit assessments.

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Benefits for SMEs

  • Faster loan decisions and funding.
  • More personalized loan terms aligned to business needs.
  • Enhanced accessibility for underbanked sectors.

AI-powered lending marks a major shift, democratizing access to capital and fuelling business innovation. Contact us to find out more.

Jamie Davies
Managing Director

As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients. 

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Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over.  Guarantees and Indemnities may be required.  Spark Finance may receive commission from lenders  which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.

Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).