Small Business Loan | Applying online (Limited Company) | Royal Bank

 

 

 

 

Before starting, please confirm:

 

✔     You are aged 18 or over

✔     You are a director of the business you're applying on behalf of

✔     You are not currently declared as bankrupt

Important information you should read before applying for a loan:


Representative Example:
Borrowing £7,500.00 over 5 years at Representative 9.19% APR and Interest rate 8.82% p.a. (fixed) will cost £155.05 per month, with a total amount payable of £9,302.87.

 

- Other amounts available at alternative rates.

- Our rates depend on your circumstances and loan amount and may differ from the Representative APR.

- A Director's Guarantee may be required.

 

Recently started your Limited Company?

 

If so, please make sure your Limited Company has already been registered with

Companies House for at least 48 hours before starting your application with us

 

What you need to have for your application

 

1) Personal details of any directors, partners and signatories

        This includes full names, personal addresses (along with date of entry), contact details and place of birth

 

2) Details about your business

        Including:

  •     Trading and any registration addressess, along with business contact detaills
  •     Information about your business activity and number of employees
  •     Any other trading names your business uses
  •     Details of when your financial year ends

 

3) Your registered Company Number

        This is provided by Companies House when you register your Limited Company with them

 

4) Details of any countries you, or your business, are registered for tax purposes in

 

5) Details of your business' year end accounts or cash flow forecasts

        There are some templates and guidance below to assist you

Accordion

Icon expand Existing businesses banking with Royal Bank of Scotland

In addition to the above, we need to establish the current and previous financial performance of your business. We would look to see at least one of the following:

Year-end accounts

Ideally 2 years worth

Tax returns

Again, ideally 2 years worth

Business bank account statements

6 months worth

We also require information about what your business owns and what it owes to make sure your business is not over exposed to debt and you’ll be able to manage the repayments.

Proof of assets and debts

Details of any property, equipment, existing loans, mortgages, hire purchase or other monies owed.

If you need further explanation, try our section on understanding business finance basics.

 View understanding business finance basics

 

DownloadChecklist pdf (235kb)

Accordion

Icon expand New businesses to Royal Bank of Scotland

With no evidence of past financial performance, we would ask to see details of what your new venture will look like. We would also ask to see the following information from existing businesses that are expanding or taking a major change of direction.

Business plan

A detailed document describing the nature and structure of your proposed business.

Cash flow forecast/profit and loss

Financial projections to give us an idea of likely incomings and outgoings.

For help download one of our useful tools:

Download Cash flow forecast template (.xlsx 23kb)


Cash flow forecast guidance notes (pdf 703kb)


Checklist (pdf 235kb)

Download Profit and loss template (.xlsx 29kb)


Profit and loss guidance notes (pdf 1.1mb)

Ready to start your application?

I have checked I can apply and have the information for my application detailed above

Set Tab for lightbox