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Yes, new limited companies are eligible for a loan as long as they have been trading for at least 6 months. The limited company would also need to have a minimum £5000 of monthly turnover to also be eligible for a limited company loan.How do I apply for a loan for a limited company?
Limited company owners can use our quick and easy online application form to get the process started: Step 1 – Provide us with details to verify your business. Including the registered trading name of your limited company, the number of months or years in operation, your monthly turnover and the amount you are looking to borrow.Are Ltd company loans from the bank a thing of the past?
However, the traditional idea of a Ltd company loan from the bank is something of the past, as new, alternative and refreshing methods of finance are now benefiting more and more businesses across the UK. What is a Limited Company Loan? There are 4.2 million limited companies currently registered in the UK.What are the benefits of a Ltd company loan?
The key benefit of Ltd Company loans is that as a Limited Company you’re automatically viewed as less of a liability than a Sole Trader would be. This means that you could qualify to borrow a larger amount of money over a longer period of time.