SME Asset Finance Lending Criteria

Lending amounts: from as little as £1,500 up to £500k
Loan to Value (LTV): up to 100% of the invoice amount excluding VAT. On second-hand assets, LTV can be up to 80% of the value.

The information we need before we can make a decision about lending to you varies according to the size/status of your business and whether or not you are a member of the Independent Operators Association (IOA). Please refer to the table below and call us if you need further help or advice on what you need to provide.

	IOA	Regional	Operator
Latest Financial Accounts
Current management figures for the business		if available
Copy 6 months bank statements
Statement of Assets & Liabilities	only if you are a sole trader / partnership	only if you are a sole trader / partnership
Business Plan	if available	if available	if available
Cashflow forecast			if available
Tax return if no final accounts

We will try to verify your identity electronically in the first instance. You may also be required to provide a personal guarantee. You may also need to provide us with information to verify your identity as we have a legal obligation to do this. Sometimes the grid above cannot cater for all scenarios, so we may have to ask you for other information to help us make the right decision but we will always explain why.