It’s time to Think Outside The Bank

Start your application

Sign up as a borrower and begin your loan application. You’ll need to have your management information available, as well as at least two years’ financial accounts and your Companies House number, if applicable. You’ll be asked to describe your business and why you’re a safe company to lend to. Think carefully, as this is your pitch to potential lenders!

The credit process

Our Credit Team has vast experience dealing with business loan applications, so you can rest assured your business is treated on a case-by-case basis.

The Loan Market

After your business is approved, your loan will go live on our Loan Market. From here, lenders can start making bids to fill your loan, competing against each other to provide the most competitive rate based on your Risk Band. At the end of the bidding process, only the bids with the lowest interest rates are accepted. This means that you pay the lowest interest rate possible for your Risk Band, based on the average bid from lenders. Each Risk Band has its own minimum interest rate.

Accepting the loan

Once your loan is 100% funded, you can accept it to get the funds sooner or wait for any further bids that could decrease the interest rate you pay. When the auction is closed, you’ll be asked to accept the loan.

Getting your money

Once you accept your loan terms and we have your completed paperwork, we’ll transfer the money to your account the same working day. We’ll take our arrangement fee*, which is as little as 4%.

*If you arrange your loan via a broker, you may have to pay an additional broker fee.

Repaying your loan

When you accept your loan, we can agree a suitable date to make your repayments – these will be fixed each month so you will know the dates of your repayments in advance. We take care of paying back your lenders – you make a single monthly payment to us, and we then divide this up to make sure all of your lenders get their repayments.