Business vehicle finance for new start limited companies
Applying for finance as a company trading under 2 years can often be a daunting and sometimes frustrating process without knowledge of and access to the right lenders.
Many banks have quite strict criteria whereby they will only consider limited company applications from a company established and trading for 2 years or more. What then happens to new starts or those with just less than 2 years trading? Well, without knowledge of which lenders will consider their application, new start companies can find themselves going round in circles applying with banks or lenders and finding their application is continually declined.
As a trusted credit broker we have a panel of banks and lenders and we know their criteria. We can therefore direct your application to a lender who will consider your application and circumstances. We'll also guide you through the application process to produce an application with any supporting financial information. This could either be first year full or draft accounts, if they're available, or the last 3 months business bank statements.
Lenders will typically look at the strength of the directors running the company too. If a company is relatively new and doesn't have a track record of accounts filed at Companies House they may ask for a directors guarantee from one or more of the directors running the business. This guarantee helps to provide comfort to the lender in making a decision to lend to a company with relatively little or no trading history. Over time and as the company grows and becomes more established directors guarantees may not be required.
So if you're looking to establish business vehicle finance and you've been trading for less than 2 years then we may be able to help you establish finance. Simply click here to apply now and complete our online business application form. We'll then call you to discuss the best route forward for your individual circumstances, plus we don't charge any fees for our service either.
If you'd like to discuss your circumstances before applying then you can click here to contact us.
We have a friendly and professional, no pressure approach and we could save you valuable time and money searching for the right lender directly.
Many banks have quite strict criteria whereby they will only consider limited company applications from a company established and trading for 2 years or more. What then happens to new starts or those with just less than 2 years trading? Well, without knowledge of which lenders will consider their application, new start companies can find themselves going round in circles applying with banks or lenders and finding their application is continually declined.
As a trusted credit broker we have a panel of banks and lenders and we know their criteria. We can therefore direct your application to a lender who will consider your application and circumstances. We'll also guide you through the application process to produce an application with any supporting financial information. This could either be first year full or draft accounts, if they're available, or the last 3 months business bank statements.
Lenders will typically look at the strength of the directors running the company too. If a company is relatively new and doesn't have a track record of accounts filed at Companies House they may ask for a directors guarantee from one or more of the directors running the business. This guarantee helps to provide comfort to the lender in making a decision to lend to a company with relatively little or no trading history. Over time and as the company grows and becomes more established directors guarantees may not be required.
So if you're looking to establish business vehicle finance and you've been trading for less than 2 years then we may be able to help you establish finance. Simply click here to apply now and complete our online business application form. We'll then call you to discuss the best route forward for your individual circumstances, plus we don't charge any fees for our service either.
If you'd like to discuss your circumstances before applying then you can click here to contact us.
We have a friendly and professional, no pressure approach and we could save you valuable time and money searching for the right lender directly.