How to get a business loan: a step-by-step guide

Key takeaways Business loan requirements usually come down to trading history, cashflow and a clear plan for the money. Lenders ask for bank statements and financial statements as standard, with heavier requirements for larger loans and loans supporting the purchase of assets and property. Allica’s business loans are backed by a personal guarantee from the directors who are ultimate beneficial owner(s), with no early repayment charges.