What you need to know when applying for business funding

Knowing what lenders are looking for is the first step to successfully securing funding for your business. How lenders are looking at your application for funding depends on many factors.

We are working with more than 70 lenders – and have helped 200,000 businesses apply for funding. So, to make it easy for you, we have summed up what you need to know. Just follow the link below that describes your situation to find out what to expect.

My business is seeking a loan up to £25,000

What should I expect?

My business is seeking a loan for more than £25,000

What should I expect?

What alternative sources of funding can I access?

What should I expect?

Should I apply for bank or non-bank funding?

What should I expect?

Lenders typically provide up to 10-15% of your business’ annual turnover in funding? That is unless your business offers security like property or assets.

Most businesses have 18-24 months trading history before accessing funding – however younger businesses may be able to access support schemes for start-ups.

Your personal credit record matters – fixing blemishes before applying can make the difference between securing funding or getting declined.

I took out a government backed loan

What is its impact?

I want to apply for a grant

How do I find the right one?

We are working with Lloyds Bank, to help you understand what banks and lenders are looking for when you are applying for finance. We want you to decide when you are ready to apply for finance and to do so successfully.

Complaints

FUNDINGXCHANGE LTD. – Office 9, Dalton House, 60 Windsor Avenue, London, SW19 2RR – Company Number: 09228134 – DPA: ZA093024

FUNDINGXCHANGE LTD. is authorised and regulated by the Financial Conduct Authority. Our Financial Services Register number is 685043.

You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. FUNDINGXCHANGE LTD. is a Credit Broker and not a Lender, we do not provide advice or recommendations.

This site is protected by reCAPTCHA and the Google Privacy Policy and Google Terms of Service apply.

What you need to know when applying for business funding

We are working with more than 70 lenders – and have helped 200,000 businesses apply for funding. So, to make it easy for you, we have summed up what you need to know. Just follow the link below that describes your situation to find out what to expect.

Did you know that…