Applying

Can I apply if my business is home-based?

Yes. Countless successful UK companies are run from home, and doing so has no bearing on eligibility. We assess the company's trading and cash flow, not whether it has commercial premises — a home-based limited company or LLP applies on exactly the same footing as any other.

Premises are not the point

What we look at is genuine trading through the business account, a clean company record and a real business purpose — which business types can apply and what does assessing affordability mean. A home address as the working base does not weaken any of that. Using a home or accountant's address as the registered office is fine too — can i apply if my registered office is a virtual address.

Home-business purposes are valid

Equipment, stock, a supplier bill or a growth push for a home-based business are all genuine purposes — what counts as a business purpose.

Same requirements

You still need the company's own UK business bank account and enough trading history — whether you need to be VAT-registered or trading a certain time. Many sole-trader home businesses ask this too — note the structure difference in whether a sole trader or partnership can apply.

Apply from home.

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: Which business types can apply?, Can I apply if my company's registered office is a virtual or accountant's address?, Whether a sole trader or partnership can apply.

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