For a straightforward application, a lot can happen quickly. Once you have submitted with your bank connected, automated assessment gets going, and many applicants have a decision — or at least clear next steps — before long, rather than facing a days-long silence.
The typical shape
- Submission. Your details and bank feed are in; the assessment begins — what happens step by step after i apply.
- Assessment. Affordability and credit checks run, much of it automated — is the decision automated or reviewed by a person.
- Outcome or next step. Either an offer appears in your portal, or we ask for one more thing — what does a refer or more information needed mean.
Watch your portal, not your email inbox, for the detail — will i get an email or portal message with the decision and how to check the status of your application.
If it is taking longer
Some applications need a human look or a missing document, which stretches the clock — why might a decision take longer than expected. That is normal and not a bad sign. Typical timings overall are in how quickly will I get a decision.
Apply and see how far you get in the first hour.
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 happens step by step after I click apply?, How quickly will I get a decision?, Will I get an email or a portal message when there is a decision?.