Can I qualify if I have not filed my first accounts yet?

Yes — a company yet to file its first accounts can still borrow on bank statements and current trading. New companies have up to 21 months from incorporation to file, so many apply before their first accounts exist. Live cash flow carries the assessment. A new company's first accounts are not due until well into its second year, so applying beforehand is normal. Without filed accounts, a lender leans on bank statements and current trading — the same route as any first-year company.

Can I qualify if I have not filed my first

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Yesbefore first filing

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First accounts come later

A new company's first accounts are not due until well into its second year, so applying beforehand is normal. Without filed accounts, a lender leans on bank statements and current trading — the same route as any first-year company.

What to provide

Three to six months of income through the business account, any management figures, and a clear view of the pipeline. This gives a lender enough to assess affordability before statutory accounts exist.

Applying

Bring your live trading evidence and apply online.

Frequently asked questions

Can I borrow before my first accounts are due?

Yes. New companies have up to 21 months to file, so applying beforehand is common. Lenders assess bank statements and current trading instead.

What if I have no accounts at all yet?

Bank statements, management figures and pipeline evidence stand in. A few months of trading through the business account is usually enough to assess a modest facility.