Raising Finance The Smart Way

For different types of funding, you will need slightly different documents, but for the vast majority you will require:

1. Your last fully filed accounts.
2. Last 12 months bank statements.

3. Most up-to-date management accounts including balance sheet and profit and loss plus your latest aged receivables and aged debtors.

4. A schedule of all the current debt in the business.

We have a vast network of over 200+ lenders within the traditional and alternative finance market. Our job is to use our expertise and technology to match your funding needs with the most suitable lender on our roster.

There are specialist lenders for each product, and these include high street banks such as Lloyds and Barclays who will have every type of lending available, to alternatives such as unsecured lenders like Funding Circle or invoice and trade financiers such as Bibby.

No. Your credit score will not be affected by your engagement with Funding Bay. Certain lenders we pass your information to will perform checks in order to carry out their due diligence. This will never occur unless you have provided your explicit consent.

If you are in a position where you know exactly what facility you are after and which lender works for your business, it might make sense to go direct. However, in the vast majority of cases, using a broker like Funding Bay will give you the following benefits:

1. We sort the wood from the trees – with hundreds of lenders out there, it is not easy to know where to look.
2. As a volume introducer, we can source the best rates available.
3. The application processes are nuanced, and we are experts in making a business’ numbers, narrative, and requirements fit into lender deal boxes.