Lloyds Online Business Banking

So you are looking for Lloyds Online Business Banking for funding your business.  That is great!  You must have a very successful business.  If you are looking for a deposit account, any bank will be more than happy to speak with you about taking your money into one of their accounts.

Are you looking for a Working Capital Loan for your business as well?  That is where you may run into trouble.  Banks in general are extremely conservative when it comes to Business Bank Lending.  What you will likely need to provide to a bank who is considering lending to you would be the following:

1. Good Business Plan;
2. Assets with equity;
3. Positive cashflow;
4. Clean credit;
5. Clean criminal record;
6.  Good business history;

This list is not comprehensive, but it will be a good start for you to apply for funding at Lloyds Online Business Banking.

Be prepared to fill in plenty of forms and answer many questions as well as sign personal guarantees for any loan.  It is not a practice of any bank to give out Business Loans without a personal guarantee of the business owner and may often require your spouse, family members or friends to co-sign or guarantee the loan as well.

You should also know that the lending decisions of any bank branch are now governed by their credit committee whom you will never meet that will have the ultimate decision of your loan whether you are talking with Lloyds Online Business Banking or any other bank.