{
  "id": 16165646,
  "title": "High-cost loans firm Evlo eyes £200m sale in sign of subprime comeback",
  "url": "https://urgent.news/2026/10/23/high-cost-loans-firm-evlo-eyes-200m-sale-in-sign-of-subprime-comeback",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-23T08:04:56.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/high-cost-loans-firm-evlo-eyes-200m-sale-in-sign-of-subprime-comeback/"
  },
  "original_language": "en",
  "account": "High-cost lender Evlo is exploring the possibility of a £200m sale, according to City AM, signaling a potential resurgence in the subprime lending market. The company, which offers loans at rates of up to 252 percent, has enlisted the help of advisers from Alantra to run the sale process under the banner of 'Project Oak'. This move comes as the subprime and high-cost loans market has experienced a significant decline since 2019, with many firms exiting the market due to regulatory scrutiny and borrower complaints. Evlo itself reported impairment losses of £42.2 million and made a profit of £14.2 million in the previous year. The lending gap currently estimated at £2 billion by consulting firm LEK presents an opportunity for investors to capitalize on.",
  "summary": "High cost lender Evlo has tapped bankers for a sale which could fetch the company a valuation of more than £200m, City AM can reveal, in signs of a revival of interest in the controversial subprime lending market. Evlo, which calls itself ‘the friendly UK lender’ and offers loans at interest rates of up to [...]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}