Share six months of business bank history and apply online from £5,000.00.
Open banking business loans for UK SMEs:
Six months of bank history
Secure consented connection
Decisions within hours
Quick online application
SimplyFunded uses recent business bank activity to understand your revenue and cash flow. If your business generates at least £5,000.00 per month, you may be able to apply for business funding from £5,000.00 to £500,000.00.
Apply in 60 SecondsOpen banking loans are business loans assessed using securely shared bank account information. Instead of relying only on manually uploaded paperwork, you can connect your business bank account online and consent to share the transaction history needed for the application.
For a lender, six months of bank statements or transaction data can show how money moves through a business. It can help demonstrate regular revenue, normal outgoings, cash flow patterns, and whether the proposed repayments appear affordable.
Open Banking is the information-sharing method, not a separate type of secured or unsecured loan. If you are specifically looking for funding without property or asset collateral, read about our unsecured business loans.
Tell us about your business, the amount you need, and how you plan to use the funding.
Use the secure Open Banking route to share the required account information with your consent.
Your recent bank activity helps us understand revenue, cash flow, and affordability.
We review the completed application and provide a decision within hours where possible.
If approved and you accept the offer, the funds can be transferred to your business bank account.
The core information needed to start an application is straightforward. You should be ready to provide six months of business bank statements or equivalent Open Banking transaction history, together with evidence that your business generates at least £5,000.00 in monthly revenue.
These are starting requirements rather than a promise of approval. The application still needs to show that the borrowing amount and repayments are appropriate for the business's circumstances.
A secure account connection can make it easier to share recent financial information than collecting and emailing multiple documents.
Current transaction history can help the application move to review quickly when the information is complete.
Bank activity gives useful context around revenue and cash flow instead of looking at a single figure in isolation.
Review what information is requested and why before confirming the connection. Open Banking is consent-based.
Open Banking can suit a business that wants a digital application and can provide a clear view of recent trading. It is not automatically the right option for every borrowing need. A business with valuable equipment may want to compare asset finance, while a temporary cash-flow gap may be better matched to working capital finance.
The benefit is speed and a simpler way to share recent financial information. The trade-off is that the lender needs a meaningful view of your business bank activity, so businesses with limited or irregular trading history may need to provide more context.
Open banking loans are business loans where you can securely share your business bank transaction history through an Open Banking connection. At SimplyFunded, this helps us review your trading activity and affordability without relying only on a lengthy manual statement process.
Share six months of business bank history and check whether your business may qualify.
Check Your Eligibility