Business Loans Eligibility
There's a large range of lenders offering business loans. And, as a result there’s lots of different eligibility criteria to consider. By scanning the market we make it easier for you to navigate and find the perfect loan for your situation.
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Business Loans Eligibility - Features and benefits through Funding Options:
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Business Loans Eligibility - How do they work?
To be eligible your business needs to: be profitable, have more than 24 months trading history (for most products), have no outstanding CCJs or late payments, and be based in the UK.
Typically you will need to provide information about your business including: turnover and profit, trading history and payment history (e.g. CCJs, late payments), bank statements, and filed accounts.
Credit rating is one of the best indicators of what interest rate you'll pay for a business loan. If your credit history is poor, you’re likely to pay a much higher interest rate. Risk is also partly determined by the term length you need and the security you're able to provide.
Financial product information
Representative example*
7.63% APR Representative based on a loan of £50,000 repayable over 24 months. Monthly repayment of £2,252.94. The total amount payable is £54,070.56
*Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Annual Percentage Rate
Rates from 2.75% APR
Repayment period
1 month to 30 years terms