Applying

Can I apply if my business has multiple income streams or trades in more than one thing?

Yes, and a company with several income streams can actually be a strong applicant. Multiple revenue lines often mean a more resilient business — less reliant on any single source — which reads well in an affordability assessment, provided it all flows visibly through the business account.

Diversity as resilience

Where a single-customer or single-product business carries concentration risk — can i apply if my income comes from one big customer — a company with varied income has more to fall back on. We read the combined activity from the bank feed — what does assessing affordability mean — so the whole picture counts.

Keep it in one clear place

The strength shows best when all the income runs through the company's own account — does it matter which account i connect if i have several. If different activities sit in different companies, each applies on its own — can two companies with the same owner both borrow.

One purpose, whole picture

You still borrow for a specific purpose, assessed against the whole business — can i apply if i want funds for more than one purpose. Model it at Credicorp Tools.

Apply on the strength of your mix.

We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.

See also: Can I apply if my company's income comes mostly from one big customer?, Does it matter which bank account I connect if my company has several?, Can two companies with the same owner both borrow from you?.

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