Applying

Can I apply if my company uses an online-only or app-based bank?

In most cases, yes. Modern app-based and online-only business banks are widely supported by Open Banking, and they often make the connection especially smooth because approval happens right in the banking app. The check is simply whether your particular provider is supported.

Digital banks and Open Banking

Open Banking is designed for exactly these providers, so connecting a popular digital business account is usually seamless — you approve the read-only feed in the app and you are back in the application. Which accounts connect is in which business bank accounts you can connect, and the step itself in how the open banking connection works when i apply.

If your provider is not yet supported

Coverage is broad but not universal. If yours is not supported, there is a fallback — what happens if you cannot connect your bank — and you can provide statements instead.

Must be the company's own account

Whatever the bank, it needs to be a UK business account in the company's name — a personal app account will not do — can i apply if my business bank account is new. Doing the connection on your phone can be the easiest route — can i apply from my phone.

Apply with your digital business account.

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 bank accounts you can connect?, What happens if you cannot connect your bank?, Can I apply from my phone?.

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