2 min read
Early trading is assessable
You do not need a full year of accounts. A few months of consistent receipts through the business account, plus a realistic view of the pipeline, gives a lender enough to work with — especially if the directors know the trade.
Setting expectations
Facilities at this stage are usually small and priced for uncertainty. That is sensible: borrowing lightly early, repaying cleanly, then coming back for more builds a track record and unlocks larger, cheaper borrowing. Read the startup finance guide.
Applying
Gather 3-6 months of statements, size it with the turnover affordability tool, and apply online.
Frequently asked questions
How soon after starting can I apply?
Once you have a few months of evidenced income through the business account, you can usually apply for a modest facility. Sooner than that, there is little to assess.
Will a just-started business get a small loan only?
Typically yes at first — the amount grows as your trading record does. Borrowing lightly and repaying well is the fastest route to larger facilities.
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