Recovery does not always run to schedule. If an arrangement is coming to an end but you are not quite ready for full payments, that is manageable — if you flag it early.
Ask before it ends
Contact us before the arrangement runs out, not after. An arrangement we extend by agreement is straightforward; one that simply lapses back to full payments you cannot meet creates fresh arrears.
Extending or re-shaping
Depending on the position, we can extend the arrangement, lower it further, or move to a hardship variation if the difficulty has proved longer-lasting than expected. The cost protections continue throughout.
Keep the conversation open
Needing more time is common and not a failure. What matters is telling us, so we can adjust the plan rather than watch it break.
Flag it early via the contact page and we will re-shape the plan.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How long can forbearance last on a business loan?, What happens to my arrangement if my circumstances change again?, What happens if I cannot keep to a new arrangement either?.