Withdrawing an application does not stop you applying again in future. If your needs change, or you simply were not ready before, you are welcome to start a new application when the time is right for your company or LLP.
Starting again after a withdrawal
A new application is assessed on your business's position at that time. If some details are still on file from before, you may not have to start completely from scratch, but you should expect to confirm that everything is current.
- Check your Companies House details are up to date.
- Be ready to share recent business bank activity again.
- Have a clear, current purpose for the funds.
Why a fresh look matters
Because we lend based on your current trading, an application a few months after a withdrawal reflects how the business is doing now, not how it was before. That can work in your favour if trading has improved. If you are approved, the rate and term are shown in your offer.
Good to know
We do not take personal guarantees from directors or members. This is exempt business lending, outside the FCA consumer regime, so it is not covered by the Financial Ombudsman Service or FSCS. If you only paused rather than fully withdrew, ask us whether your earlier application can simply be resumed.
See also: What happens when payments resume after a pause?, Does applying more than once hurt my chances? and What a referred application means.