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Limited Company / Partnership - Applications are made in the business name with the funder’s decision based on the suitability of the business itself. However we will also need director’s details, so it may be best to have this information to hand before proceeding with the application.
Sole Trader - Information we need for a sole trader application is very similar to that we take for a private individual. Which is essentially 5 years address history and 3 years employment. We will also need some basic financials of the business itself such as turnover, profit and expenses.
Personal - A personal application for an individual and not a business. We only need basic information such as home address and employment details together with bank account number and sort code. Note that any income and outgoing figure relate to the applicants share of the total figures. For example if you and your partner both contribute to mortgage payment we only need to know the amount you contribute. Not the total amount of the mortgage payment.
