News

This Month: “You Need Perfect Credit to Get Business Funding”

One of the biggest myths we hear is that you need a flawless credit history to secure business finance. Not true.

While credit is a factor, it’s far from the only one. Many lenders now use a broader approach called affordability-based lending. That means they’ll look at your revenue, margins, existing obligations, growth potential—even your sector and leadership team—before making a decision.

Here’s what matters just as much as credit score:

• Strong cash flow management
• Up-to-date management accounts
• A clear plan for how the funding will be used

And if your credit history isn’t great? There are specialist lenders and alternative finance options who are open to working with you—especially if you can show the business is turning a corner.

So, don’t rule yourself out. A short conversation with us can save months of second-guessing.