For the Funding Bay discovery form you will need to submit:

1. Your last full filed accounts
2. Last 12 months of bank statements
3. Your cashflow forecast
4. Most up to date management accounts

Your further application will then depend on the facility and the lender, but for a typical unsecured loan you will need:

1. Director info
2. Last 6 months of statements
3. Management info
4. Last full filed EOY accounts
5. Aged debtors
6. Current debt in 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. For instance, a selection of our asset finance lenders are: 
– Close Brothers, Lombard, Hitachi, Aldemore.

Invoice finance lenders: Bibby, Nucleus or Lloyds.

No. Your credit score will not be affected by your engagement with Funding Bay. However, 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.

There are several advantages of using Funding Bay as a broker service:

– We will handle the application process
– We will search the market for the most suited lender
– Industry expertise