Business Loan

I recently set up a limited company and I'm the only shareholder. I opened a business account with santander with who I also have a personal account. I wanted to apply for a business loan to kick start the company. I understand I am personally liable and they will do a credit check on me.


What I'm not sure about is whether the loan will show up on my credit file. I have asked both santander and experian and they both keep sending me back to each other. I can't afford to have the loan on my file as I will be applying for a mortgage in the next few years.


Does anyone know whether it will appear on my personal report or the company report?



What checks do you need to do for me to get a Business loan with Santander?
To apply for a business loan you must agree to us conducting a credit check on you. It's very important to provide accurate information in your application - we might decline your application based on the results of your credit check, or if you have provided false information.

What are the consequences if I do not keep up with repayments?
If you miss a repayment, we can deduct the missed payment from your other accounts with us. We will also record details with a credit reference agency which could damage your credit rating.
If you miss multiple repayments, your credit rating can be damaged and you might have legal proceedings brought against you or a charging order registered against your house.