- 6 months' bank statements
- Latest set of filed accounts
Bank statements
Your bank statement shows all of the activity in your account over a certain period, usually one month. This includes all deposits, withdrawals, and any fees or charges that your business incurred. Statements help you keep track of your spending and saving habits and can be used to spot any unusual or unauthorised activity.
Your bank statements will show us:
- How much money is going in and out of your account
- What kind of payments you're making
- If you're maintaining a healthy cash flow
Accounts
Business accounts are financial statements that summarise a company's revenue, expenses, and profit/loss for a specific period. They provide insights into a company's overall financial health.
Typically, businesses will prepare quarterly or annual business accounts. These will be filed with the relevant regulatory bodies and made available to the public.
We ask to see these documents as part of our due diligence process. This allows us to understand your company's financial position and performance.
Your business accounts are a critical financial document that we use to assess your business' financial health. They give us an overview of your business' revenue, expenses and profits, and help us identify any potential financial risks.
When uploading the necessary documents, you have a few options.
You can access a PDF of your bank statements through your online banking. Read this guide or visit your bank's website for more details on how to do this.
You can read more about filing your business accounts here.
We ask to see these financial documents to get an idea of the health of your business and repayment behaviour.
We want to ensure that our clients can meet their financial obligations and have the necessary resources to do so. By asking for financial documents, we can get a better picture of your company's overall financial health and situation. This includes things like how much profit you're making and if you have any debts or mispayments.
By getting an insight into your business finances, we can offer you the best possible products and services to suit your needs. This helps us make a decision about what we can lend you.
After you've filled in the enquiry form on our website, your personal account manager will give you a quick call to discuss any extra details about your business and financial situation.
We will then send you an email with a link to upload your documents. We need to see these documents before we can make a decision about your loan.
Once you have done this step, your personal account manager can approach our panel of lenders to see whether they can get you the funding you have requested.
You can use our secure portal, which you can easily access on desktop or mobile.
The portal will give you the option to either upload your documents directly. Alternately, you can securely sync your accounting software and online banking.
We will always ensure the security of your data. Your details will only ever be viewed by us and the lender. Once we have considered the necessary information, your data will be safely deleted and never shared further.
Additionally, this process does not impact your credit score. Love Finance is fully regulated by the FCA.
Once we have seen proof of your bank statements and accounts, the lender will determine what type of funding they can get for your business and your account manager will give you a quick call to go through your options.
We understand that asking for financial documents can be a bit daunting, but it's an essential part of the loan process. By seeing these documents, we can get a better understanding of your business and its financial health. This helps us ensure that we offer you the best possible products and services to suit your needs.
Please don't hesitate to contact us if you have any questions about this process or the documents we need to see. We're always happy to help.
