If something material changes while your application is in flight — a big contract lands, a customer defaults, a director departs — the honest thing is to tell us, because the decision is based on an accurate, current picture. A change is not automatically bad; an undisclosed one is the problem.
Why keeping us current matters
We assess your company as it is. If the picture shifts meaningfully before the decision, letting us know keeps the assessment fair and accurate — and avoids a decision made on stale information — how we decide whether to lend. How to update us is in how to send us a document we asked for and what if my companys details have recently changed.
A change is not only a risk — a new contract or improved cash flow can strengthen your case — what strengthens an application. Either way, current beats out of date.
If it changes a lot
A big shift may mean a fresh look at affordability — what does assessing affordability mean — or, if you would rather pause, you can withdraw and reapply once things settle. A person can talk it through — whether you will speak to a person during your application.
Apply, and keep us posted if things change.
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: What if my companys details have recently changed, How to send us a document we asked for?, How we decide whether to lend?.