No. Applying commits you to nothing. You can complete the whole application, receive an offer, read every figure — and still walk away at no cost. The only moment anything is committed is when you accept and sign an offer.
Where commitment actually begins
Right up to signing, you are free to change your mind, adjust the amount, or stop entirely. The point of commitment is acceptance — what happens after you accept your offer — and before that you can withdraw or decline an offer freely.
There is no cost to apply — is there any cost to apply — and pulling out does not count against you later — does withdrawing an application count against me later. Nothing about applying puts your company or you on the hook.
See before you decide
The whole design lets you see the full cost before committing — do i see the full cost before i commit. And because there is no personal guarantee, even accepting is a company commitment, not a personal one — why we do not take a personal guarantee.
Apply — you are free until you sign.
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: Is there any cost to apply?, What happens after you accept your offer?, If I withdraw an application, does that count against me later?.