Finance application checklist

If you’d like to borrow from us, whether through a loan, overdraft, mortgage or financing scheme, there’s information we need to know first. This helps us choose a funding option that suits your needs and matches your ability to make repayments.

Use the following checklist to help you prepare for our questions ahead of time. The information that we request will vary depending on your circumstances, and we may ask for further information in addition to what’s listed below.

Loans iconYour borrowing requirements

For all borrowing requests, we’ll ask you:

  • How much you would like to borrow.
  • How long you would like to borrow it for.
  • Why you want to borrow it.
  • How you plan to repay it.

Building iconInformation about your business

If you request to borrow from us, we may ask you to provide:

  • A profile of your business, including the experience, expertise and track record of its owner and/or management team.
  • The amount of money you and/or your management team have personally invested in the business.
  • Details of assets you have available for security, including the estimated value of your business (we require professional valuations in some instances).
  • Information on any other borrowing commitments you have.

Information iconAdditional information

Depending on your request, we may also ask you to provide us with:

  • Business plans, usually covering the term of the borrowing.
  • Cashflow forecast, usually covering the term of the borrowing.
  • Details of your business assets and liabilities, including any additional income from other sources.
  • Management accounts.
  • Historic financial accounts (for example, profit and loss, balance sheet and cashflow statements).
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ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT.

All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.

You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.