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Is Your Business Eligible for Finance?

Photo of Donna By Donna
12th August 2022

What type of company are you?

How many years have you been trading for?

How many years have you been trading for?

Businesses trading for under two years may find it difficult to obtain vehicle finance. This is because it is difficult for the finance provider to objectively gain insight into the business and the potential lending risks involved. New businesses may be required to submit 3 months business bank statements, management accounts (if available) and a director's guarantee (ltd companies only) to support your finance application. In some cases, a larger initial rental may also be required.

Would you consider a personal finance application?

Has your company ever been declined for finance?

Has your company ever been declined for finance?

Would you be willing to provide a Directors Guarantee?

Good News!

You are likely to be eligible for business finance based on the details you provided.

What would you like to do next?

We're sorry, but you are not currently eligible for business finance

Lenders may require more detail on some of the answers you provided before you will be eligible for finance.

Please call us on 0345 811 9595 to discuss your finance options

A business that has been trading for under two years or has little financial history may find it difficult to obtain vehicle finance. This is because the finance provider cannot objectively gain insight into the business and potential lending risks involved.

Mark Smith
Director - Nationwide Vehicle Contracts

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About the Author: Donna Kelly

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