What minimum trading history or turnover do I need to be eligible?
Many UK lenders prefer 12+ months’ trading and £100k+ turnover; earlier-stage options (merchant cash advance, invoice finance) may still apply.
Category Business Loans
What documents will lenders typically ask for during underwriting?
UK lenders typically ask for ID, bank statements, annual and management accounts, VAT returns, debtor reports and a clear use-of-funds statement.
Do you run a hard credit search, or is credit only checked by providers with my consent?
Best Business Loans never runs credit searches. Providers only check with your explicit consent: soft checks first; hard checks on full application.
Can businesses with adverse credit, CCJs, or HMRC arrears still be considered?
UK lenders may still consider businesses with adverse credit, CCJs or HMRC arrears if affordability, transparency and evidence are clear. Learn more.
What minimum turnover or time trading do lenders typically look for?
UK lenders typically seek 6-12 months trading and £50k-£100k+ turnover; banks often want 2+ years and higher turnover. Alternatives fit younger firms.
How many providers will see my information, and can I choose who contacts me?
Typically 1-3 matched providers (often one primary first). You choose how many, contact method and timing. We never sell or publicly list your data.
Do you support established UK limited companies and LLPs only?
Support for established UK Ltd companies and LLPs only. We match traded businesses (typically 12+ months) to lenders for non-property finance.
Will applying for a Quick Quote affect my company’s credit score?
Requesting a Quick Quote with Best Business Loans won't affect your company credit score - only soft checks. Hard searches occur if you proceed.
How is my data used, shared and kept secure during the AI matching process?
We use only the data needed to match you with vetted UK lenders and brokers, never sell it, and protect it with strong security and your control.
Can I apply if I already have BBLS, CBILS or other business loans?
Having BBLS, CBILS or other loans doesn't bar new finance; approval depends on affordability, repayment conduct, security and lender checks.
Will the Quick Quote or eligibility check affect my credit score (soft vs hard search)?
Quick Quote and eligibility checks use soft searches that won’t affect your credit score. Hard searches only occur with your consent when you apply.
How is my data used, shared and kept secure during the AI matching process?
Your data powers AI matching to vetted UK lenders/brokers, is not sold, shared only with permission, encrypted and protected under UK GDPR.