This walkthrough covers the full application from start to finish. The written steps below mirror the video — useful if you want to refer back to a specific point.
What the video covers
- Checking eligibility (0:00–0:45) — the video starts with the eligibility checklist: UK limited company or LLP, six months+ trading, UK business bank account, and a genuine business purpose for the loan.
- Creating your account (0:45–1:20) — how to register with your company email address and set up two-factor authentication for security.
- Entering company details (1:20–2:10) — using your Companies House number to pre-fill your company name and registered address, and confirming the details are correct.
- Completing the identity check (2:10–2:45) — what the AML check involves, why it is not a consumer credit search, and what to do if it pauses for a document upload.
- Connecting your bank (2:45–3:30) — both routes: Open Banking consent flow and manual statement upload.
- Reviewing and signing (3:30–4:10) — reading your Key Information Sheet, the loan agreement, and the Business Purpose Declaration before signing.
- Submitting and getting a decision (4:10–4:30) — what happens after submission and when to expect a response.
Before you start
Have the following ready to reduce the time the application takes:
- Your company's Companies House number
- Photo ID (passport or driving licence) for the director applying
- Last six months of business bank statements as PDFs, or your business bank's Open Banking login credentials
- The sort code and account number for the account you want funds paid into
If you run into any issues during the application, see our troubleshooting guides or contact our support team via the General Support Enquiry form.
See also: How to get a business loan: step-by-step guide, Open Banking connection failed or timed out, Document upload not working.