A short trading history does not rule your company out, but it does change what we can see. Newer companies have less activity to assess, so it helps to present what you do have clearly and to set realistic expectations.
What a younger company can do
- Make sure your Companies House record is complete — directors, registered office and SIC code that genuinely describes what you do.
- Use a dedicated business bank account from the start so your trading is visible and separate from personal money.
- Be ready to explain your model — where income comes from, how steady it is, and what the funds would achieve.
Why bank activity matters more here
With limited history, the flow through your business account carries extra weight. Even a few months of clean, identifiable trading helps us understand the company. Connecting via open banking, with read-only access, is the simplest way to share this.
Borrow for what the business can carry
It is wise to size any request to your current capacity rather than hoped-for growth. Credicorp Flex, which lets you draw as you go, can suit a business still finding its rhythm.
We lend only to UK limited companies and LLPs for business purposes, with no personal guarantee from directors. These agreements sit outside the FCA consumer-credit regime, so there is no Financial Ombudsman Service or FSCS protection. Any rate, term or charge is confirmed only in your offer.
See also: Getting your business bank statements ready, What information we ask for, and why, How to prepare your company before you apply.