Am I Eligible

UK Business Loans - Am I Eligible

Am I Eligible for a UK Business Loan

All applicants need a minimum 2 years trading as a Ltd, LLP, Partnership or Sole Trader.

Key Eligibility Considerations

  • We typically lend up to around 35% of annual turnover (flexibility if accounts are strong)
  • We lend up to £50k for limited businesses with no home ownership. Property ownership required for all non-limited businesses 
  • Funds to benefit the applicant business, no borrowing through company A to transfer funds to company B
  • Unable to lend where majority business ownership has changed in the last 12 months

What can I use the loan for?

  • cashflow
  • working capital
  • business expansion/growth funding
  • new hires and stock purchase
  • tax payments
  • trading premises refurbishment
  • funding contracts
  • asset purchasing inc soft and quirky
  • mortgage deposit funding
  • for anything else just ask us

What can't I use the loan for?

  • refinance of personal debt
  • lending to others
  • unsecured property development
  • money lenders/pawnbrokers
  • fund change to majority ownership
  • non profits/charities
  • adult entertainment
  • weapns manufacturers or sellers
  • limited by guarantee businesses

What supporting documents do I need to provide?

  • business bank statements covering last 3 months
  • latest set of full filed accounts (including detailed profit and loss account and full balance sheet with accountant's notes) 
  • if last set of filed accounts are 16 months old or more we'll need a profit and loss and balance sheet for the next 12 month period