Yes, usually noticeably. As a returning customer we already know your company, you already have a secure account, and a good repayment record on a previous loan is strong evidence in your favour — so a repeat application tends to be quicker and smoother than the first.
Why it is faster
You are not starting cold: your account exists, your details are on file, and your track record with us speaks for itself. You still sign in and confirm the current picture, but there is less to set up. The specifics are in i am a returning customer do i need to do the whole application again.
Borrowing and repaying on time can mean more becomes available and options open up — including moving to a reusable Flex limit. It is the clearest way to strengthen future applications.
Still assessed each time
Every application is assessed on the current position — a good history helps, but affordability is checked afresh — what does assessing affordability mean. Sign in at the client login rather than starting a new application from scratch — do i need an account before i apply.
Coming back? Apply — it is quicker this time.
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: I am a returning customer do i need to do the whole application again, Can I switch from a one-off loan to Flex later?, What strengthens an application?.