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Could my business be eligible?

Frequently Asked Questions

You can apply for a loan from £10,000 to £100,000 over a term of 6 months to 5 years.

It’s important that you can afford the loan repayments.

The loan manager may help you decide the right amount to borrow, based on your business plan and growth ambitions.

Our loan managers specialise in supporting lending to companies who have been declined credit from banks.

Your bank is likely to be able to offer you lower rates of interest, if they will support your loan application. We would recommend applying to your bank first.

1. Company Data

We will ask for information about your business and where available auto complete from a link to Companies House.  You will need to check all details are correct, amend and/or fill any gaps. If your business is not registered at Companies House, you may complete this section manually.



2. Key Person(s)

We will ask for the names and e-mail addresses of the key person/s of the business including: directors, trustees, partners, owners/major shareholders of the company. We will send each individual a declaration form by e-mail which will require their consent to undertake identity and credit checks that will leave a hard footprint on their credit report.



3. Borrowing

We will ask for the amount your business wants to borrow and what the money will be used for. We will also ask if you have already been declined for a loan and further details about this, which helps us match you to specific loan funds.  



4. Additional Information

Your dedicated loan manager will ask for further information about your business., such as understanding your business plan. You will receive help and support and all request and information will be shared securely through your online portal at your own convenience and pace.



5. Notification of Decision

Your dedicated loan manager will keep update you about the progress of your application and inform you of the decision.   If approved, you can use your account login to access the relevant loan offer documentation.  If declined, they will explain the reason lending was deemed too risky.

Eligibility

Got a question? Email us at [email protected]

Disclaimer

Applications are discussed on a case by case basis with your dedicated loan manager and information is provided to you in order for you to make an informed decision about your business loan. You should be aware that neither your loan manager nor AskIf will be able to provide you with financial advice.  Making Loans to incorporated businesses is a non-regulated activity as defined in the FSMA 2000; Regulated activities order 2001 60C. If you are in any doubt as to the suitability of a loan for your business needs please contact a qualified business advisor. Ask Inclusive Finance does not provide regulated credit broking activities and as such will only effect introductions of limited companies, public limited companies or social enterprises to responsible finance providers at this time.

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Most business sectors are eligible for support.

Some restrictions may apply due to the terms of our funding sources.

The purpose of your business must be legal and ethical.

We will not finance any business whose activity may bring us into disrepute.

*Unfortunately, if you are a sole trader or partnership we can’t lend to you at this time but we hope to be able to provide this service in the future.

AskIf may provide credit to businesses provided:

a. One of the company directors is over 18 years of age

b. One of the company directors is a UK resident

c. It is a Limited Company or Social Enterprise*

d. It has (or will open) a business bank account

How much money could my business borrow?

What to expect in your loan application


1. Registration

To kick off your application you will be asked a few basic eligibility questions, to provide contact details and topline info about your role in the company.

You will then be asked to register and verify your account.  Once registered and verified, you can start the loan application process.

Typically this takes no more than 5 minutes to complete.

 

2. Online application

You will be asked to provide more detailed information about your company and purpose of the loan and be matched with your dedicated loan manager.  

Your loan manager will then decide what additional info they may need to assess your loan application and will support you through the rest of the application.

Typically this takes no more than 10 minutes to complete.

What additional information might you be asked for....