Open for applications
Step One
Your business approaches a designated bank for an eligible lending facility (see eligibility criteria).
Step Two
If your business makes an unsuccessful borrowing application to a designated bank, the bank is obliged to offer you a referral to the designated online finance platforms. If you consent to a referral, the bank will then provide your information to each of the platforms who will then contact you.
Step Three
These platforms will help you find a suitable finance provider that may be willing to offer the finance you require.
NB - businesses also have the option of approaching the designated platforms, or other similar platforms, brokers and finance providers outside of the mandated bank.
The Business Finance Guide
Use the Business Finance Guide to learn about the types of funding most suitable for your business stage and future plans
Learn more aboutA detailed guide to the referrals process
Download UK Finance's guide - Understanding Bank Lending Referrals to Finance Platforms
Download the guide (.pdf - 1.35mb) about the Download UK Finance's guide (.pdf - 1.35mb)Related articles
What is the bank referral scheme?
Read article What is the bank referral scheme?
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