Start up loan and credit check

almanak

Did anyone get a start up loan and is their credit check the same as for a personal loan which means without credit history you have no chance of getting it?

jonesMUFCforever

Any sane lender will credit check you firstly before they open a business account for you and then lend their money to you.
If there were no checks we would all be asking for these loans would we not?

almanak

jonesMUFCforever said:

If there were no checks we would all be asking for these loans would we not?

Would you?You have to have a business plan approved to even start applying and business registered.

jonesMUFCforever

almanak said:

jonesMUFCforever said:

If there were no checks we would all be asking for these loans would we not?

Would you?You have to have a business plan approved to even start applying and business registered.

Yes of course.

almanak

jonesMUFCforever said:

almanak said:

jonesMUFCforever said:

If there were no checks we would all be asking for these loans would we not?

Would you?You have to have a business plan approved to even start applying and business registered.

Yes of course.

please do then and write here how it was.

Barry_Bear

As JonesMUFCforever rightly says a credit check would be normal prior to any loan decision. For a new business they would have to credit check the owner as there is no business assets or credit history. FWIW don't pay for anything about your score - you can access your file with any credit agency free, and for a business credit check this shows why if it's new the credit risk will naturally be greater
https://www.firstreport.co.uk/Free-Company-Credit-Check.aspx

jonesMUFCforever

almanak said:

jonesMUFCforever said:

almanak said:

jonesMUFCforever said:

If there were no checks we would all be asking for these loans would we not?

Would you?You have to have a business plan approved to even start applying and business registered.

Yes of course.

please do then and write here how it was.

How can I put this - I was on the other side of the counter. Comprende?