SME loans for bad credit can give established UK businesses another route to funding when a traditional lender has focused heavily on the owner's credit history.
Check EligibilityA difficult credit history does not tell the whole story of a trading business. Applications are reviewed using current revenue, cash flow, trading history, existing commitments and affordability. Funding from £5,000 to £500,000 may help with working capital, supplier invoices, payroll, stock or an urgent business expense, subject to assessment.
To qualify for funding, your business must meet the following criteria:
Trading history of at least 6 months
Registered UK business (Limited Company, LLP, or Sole Trader)
Minimum £5,000 average monthly revenue
Director or owner holds at least 25% ownership
Initial checks use a soft credit search - won't affect your score
From application to drawdown in under 24 hours.
Enter your basic business details and securely connect your bank data via Open Banking - no paperwork required.
Our team reviews real-time trading metrics and bank data to provide a fair decision based on business health.
Once approved, accept your offer online and funds are transferred directly to your business account.
Possibly. SimplyFunded considers business revenue, cash flow, trading history and affordability alongside credit information. A less-than-perfect credit history does not automatically mean an application will be declined.
Check your options online and see whether your business may fit our criteria.
Apply for Funding