No. For short-term working-capital finance we assess what your company is actually doing now, from its live bank activity — not a forecast of what it might do. Projections are the stuff of long-term bank facilities; here, real recent trading is the evidence.
Actuals over forecasts
A forecast is an estimate; your bank feed is fact. Because affordability is read from genuine cash flow — what does assessing affordability mean — we do not need you to build projections. This is part of why no business plan is required.
If your recent numbers understate the business for a clear reason — a big order about to land, a seasonal trough — a short note gives helpful context. That is different from a formal forecast — what documents we might ask you to provide.
Think it through anyway
Even without formal projections, sketch how you will repay — the planners at Credicorp Tools help you check the repayment sits comfortably. What we actually look at overall is in how we decide whether to lend.
Apply on your actual trading, not a forecast.
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: Do I need a business plan to apply?, Do I need filed accounts to apply for a business loan?, What does 'assessing affordability' actually mean?.