The lender has just secured additional wholesale funding in a renewable drawdown facility to offer borrowers who want an alternative to high street lenders loans secured on their property from £1,500 to £7,500.
The terms of the loan range between 12 and 60 months and are completely non-equity based meaning loan to value is not assessed.
Mat Beaver, sales and marketing director at 1st Stop, said: "We want to deal more with brokers and we're prepared to offer good commissions to get the business in. We think there is significant demand from borrowers with impaired credit histories and we can offer finance to those people."
