Process And Timescales For Getting A Business Loan

See below a brief summary of our process depending on the type of finance you need.

Our process

Step 1

Complete our eligibility tool in just a few minutes.

Step 2

Apply online. We'll then contact you within two working days to discuss next steps.

Step 3

Once we have everything we need, your application is reviewed and a decision made.

Step 4

If successful and all documents are in place, funds can be transferred within one working day.

Our timescales

Our response time for your application will depend on the type and size of finance you require.

Type	Decision time we aim for
Fast track loan up to £25,000	Decision within two working days of receiving all the information we require
Loans up to £50,000	Decision within seven working days of receiving all the information we require
Loans over £50,000	Decision within 20 working days of receiving all the information we require
Larger, more complex equity deals	Decision within 40 working days of receiving all the information we require

Due diligence

We price our deals based on the associated risk.This means we conduct a thorough assessment of all investment applications. We consider the market you operate in as well as your management team. For larger, more complex investments deals we may liaise with external due diligence providers.

Approval

Once due diligence has been successfully completed and passed, we'll consider the investment for approval. We use a streamlined approval process which is tailored to the size of the investment. Any investment decision is made in a timely manner by local in-house decision makers with delegated authority.

Legal completion

We'll arrange all the necessary legal documentation and make the funds available.

After investing

One of our dedicated portfolio team members will work with you to support your growth plans.

Process and timescales