get fit for lendingSTEPS TO SPEED UP YOUR LENDING aPPLIcaTION

S U P P O R T I N G B R I T I S H B U S I N E S S

Consider the lending rationale

access advice from your professional network, including:

• accountant• lawyer• bank contact

Use their experience to assess how you compare to your bank’s lending criteria. engage your lender early to help you understand the lending process.

outline the rationale of your loan or overdraft application – for example, supporting growth or investment – as other funding solutions

may be more suitable for your business strategy.

ClearlY deFine What the lending is For

detail any associated costs – such as tax and warranties for tangible goods – when applying for lending, as underestimating can lead

to working capital problems down the line.

PreCiselY CalCUlate YoUr lending reQUireMent

Presenting YoUr Plan

Clearly define how much you want to borrow and how long you want to borrow it for, while profiling your

business’ experience, expertise and track record.

shoW YoUr FinanCial inForMation

this should include historical and forecast reports for:• profit & loss• balance sheet• cash flow

Clearly highlight any:

Be transParent With YoUr lender

• assets• alternative

revenue streams

• liabilities• other borrowing

commitments

• investments made by you and/or the management team

deMonstrate YoUr aBilitY to PaY BaCk

show your business plans and cash flow projections to cover the borrowing period. When assets are used

for security, provide clear details to help the bank’s valuation process.

For more in-depth information and guidance about securing the right lending for your business, visit:

£0-£1M tUrnover £1M-£25M tUrnover

£25M+ tUrnover

any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.

all lending is subject to a satisfactory credit assessment.

Important Information

if you have a hearing or speech impairment you can use text relay (previously typetalk) or if you would prefer to use a textphone, please feel free to call us on 0345 601 6909 (lines open 7am-8pm, Monday-Friday and 9am-2pm saturday).

Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.

lloyds Bank plc registered office: 25 gresham street, london eC2v 7hn. registered in england and Wales no. 2065. telephone: 0207 626 1500.

authorised by the Prudential regulation authority and regulated by the Financial Conduct authority and the Prudential regulation authority under registration number 119278.

We subscribe to the lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk

lloyds Bank plc is covered by the Financial services Compensation scheme and the Financial ombudsman service. (Please note that due to the schemes’ eligibility criteria not all lloyds Bank business customers will be covered by these schemes).

go to lloydsbank.com/business Check eligibility, apply online

visit your local branch Call us on 0345 072 5555 lines are open 7am–8pm Monday to Friday and 9am–2pm saturdays