Lending appeals

The right type of funding can play a vital role in helping your business reach its potential. If your lending application is declined, we will work with the British Bankers’ Association to pursue any raised appeals.

If your application is declined, contact our business management team and say that you wish to appeal. You need to appeal within 30 calendar days of the date of the decline letter.

Alternatively, you can complete our online appeal form.

You also have the right to appeal if you’re unhappy with the conditions relating to agreed lending, such as the need to provide security, regular financial trading information or up-to-date property valuations.

Appeals can only be submitted before you draw down on the credit facility. You cannot appeal the proposed costs of agreed lending, such as interest rates, fees and costs or the standard terms and conditions, nor appeal after funds have been drawn down.

We will write to you to confirm your appeal has been received and what you can expect to happen next.

Your appeal will be reviewed by a specialist in the lending appeals team. This team is not involved in the original lending application process. They will:

  • Take an impartial and unbiased view of the information you’ve given in your first application and how the decision was reached.
  • Contact you to clarify queries that arise from the review or to ask for additional information if needed.
  • Aim to contact you within 30 calendar days of receipt of the appeal to inform you of the outcome.
  • Commit to resolve 90 percent of appeals within 15 working days.

For upheld appeals, our business management team will process your lending application. You’ll also receive a goodwill payment of £150 to recognise your successful appeal.

If your appeal is not upheld, our business management team will continue to work with you to present a stronger lending application in the future, and point you towards relevant support and guidance.

You can appeal the decline decision and have it independently reviewed by a specialist in our lending appeals team.

You also have the right to appeal conditions relating to your requested lending, but not the proposed costs of lending, such as interest rates, fees and costs, or the standard terms and conditions.

Go to the Better Business Finance website for more information about the appeals process.

You can appeal a decision relating to any business borrowing facility such as loans, overdrafts, commercial mortgages, business credit cards, invoice financing, asset finance and trade finance.

You can appeal following any formally declined lending decision. An application is considered formal when we receive the correct information that makes a decision possible.

You can also appeal any of the conditions concerning your lending request, but not the proposed costs of agreed lending such as interest rates, fees and costs, or our standard terms and conditions.

If you submit an appeal relating to lending condition(s), this could delay how long it takes to implement your lending facility; however, we aim to deal with 90 percent of all appeals within 15 days of receipt.

Requesting an appeal does not guarantee that a decline decision will be overturned.

You or your intermediary has 30 calendar days from the date of the declined letter to appeal our decision. We keep to a 30-day maximum because the information you provided at the time of your original application can become outdated. After 30 days, we suggest you talk to our business management team about a new application.

If you wish to appeal any of the conditions relating to your requested lending, this should be done before you sign the lending documentation. Appeals cannot be submitted if they relate to specific lending conditions after you draw down on the lending facility.

This needs to be discussed with our business management team. If you’re still unhappy with the way we have dealt with your enquiry, you have the right to pursue a formal complaint.

Go to our customer support section for more on complaints procedures.

An appeal is a request to review a decline decision following a formal lending application or where you’re unhappy with the lending conditions associated with an offer.

If lending is declined, you can have the decision independently reviewed by another experienced lender within Lloyds Bank.

Any issues outside the appeals process should be pursued as a complaint through the formal complaints process.

Yes. However, you may need a full copy of your credit file from a credit reference agency and be able to prove that an error has occurred or that the circumstances of the adverse information were exceptional. Agencies hold information that helps lenders establish individuals' credit record.

You’re legally entitled to see all the information held about you, by any agency, by writing to: Experian Limited, Consumer Help Service, PO Box 8000, Nottingham NG80 7WF. For fee details go to www.experian.co.ukVisit the Experian website. or call 0344 481 0800.

You can appeal if you believe we have not taken into account all of your circumstances or, following a discussion with our business management team, you feel your application should have been approved. We may contact you to clarify any queries that may arise from the review or to ask for extra information.

If your circumstances have changed significantly since the first application and you would like to re-apply on that basis, we would be happy to consider a new application.

No. It’s up to you to raise the matter for appeal. Our business management team often works with credit specialists to ensure they have correctly assessed applications. Complicated lending requests are often reviewed by more than one credit specialist to ensure your application has been fully considered.

An appeal can only be made after a decline decision following a formal application.

Our business management team is skilled in assessing whether we have the right financial products to help you. They can work with you to present a stronger lending proposition in the future and, if necessary, talk to you about alternative sources of finance and other support.

We will write to inform you of the outcome of the appeal. If you’re happy for us to proceed, our business management team will continue to process your application.

We will write to you confirming the outcome of the appeal. If your circumstances have changed significantly since the time of the original application and you would like to re-apply, we would be happy to consider a new application.

If this is not the case, we’ll be happy to talk to you about how we can work together to present a stronger lending proposition in the future. We’re dedicated to helping UK businesses thrive throughout the economic cycle. Therefore, we want to ensure you have the support you need to make your business stronger.

We adhere fully to the Lending Code standardsView the Lending Codes standards. Opens in a new browser window. set by the British Bankers' Association. To ensure our decisions are fair and correct we are monitored by an independent external reviewer.

To provide an independent assessment of the appeals process. They won’t review individual lending decisions or accept appeals directly from customers in the event of a complaint.

To ensure banks have the correct processes to handle appeals fairly and effectively themselves, the independent external reviewer publishes an annual report detailing how banks are performing.

To monitor and enforce the Lending Code standardsView the Lending Code Standards. Opens in a new browser window. and ensure participating banks provide a fair deal to their personal and micro-enterprise customers. A micro-enterprise is a business that employs less than 10 staff and has a turnover or annual balance sheet that does not exceed the equivalent in €2 million.

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How you can apply for lending

Follow our step-by-step guide on how to apply for lending.

Find out moreabout how to apply for lending

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Lending support and code

We offer support and guidance on borrowing and follow codes and principles to ensure you’re treated fairly.

Find out moreabout lending support

Lending appeals

Appeals for borrowing. Business finance declined? You can ask for the decision to be reviewed.

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Important legal information

Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.

Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.

Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.

Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.ukVisit the Lending Standards Board website..