Who can apply for a Little Business Loan?
The company must be registered in England & Wales.
Each Director of the business must be over 21 years of age and a resident in the UK, with access to the main business bank account. The business must also have a business debit card attached to the main business bank account.
The business must have sufficient funds to cover the repayments.
In addition, the business must have sufficient assets to be secured against the loan.
The main applicant must also provide a personal guarantee.