2 min read
Why history helps
A longer record gives a lender more evidence of stable turnover and repayment behaviour, which lowers perceived risk and can improve both approval odds and price. Six to twelve months of consistent trading is a common comfort zone.
Borrowing with less
A first-year company or one with a short record can still borrow on bank statements and current activity — usually a more modest amount, priced for the extra uncertainty. The record thickens with time, opening more later.
Applying
Whatever your history, size a sensible amount with the turnover affordability tool and apply online.
Frequently asked questions
Can I borrow with only three months' trading?
Sometimes — on strong, evidenced bank receipts and a clear pipeline. Expect a conservative amount priced for the limited history.
Does more trading history get me a better rate?
Often, yes. A longer, cleaner record lowers the risk a lender prices for, which can translate into a keener rate and a larger facility.
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Read →Funding for UK limited companies
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