get everything in order
In order to build a picture of your financial situation, lenders always need to see business bank statements and company accounts. Follow this checklist of dos and don’ts to get everything in order:
BANK STATEMENTS BASICS
The easiest way to share your bank statements is via Open Banking, a simple and secure way to give providers access to your financial information.
Open Banking is faster than manually exporting PDF statements yourself, which requires logging into your bank account online. We use an FCA-regulated, bank-grade tool for a one-time connection to your bank account.
You can log into your bank’s Online Banking service, download your statements and send them via email, but this takes longer than Open Banking. Here’s how to do it:
Log into your Online Banking
Find your statements
Choose for the last 12 months
Download as a PDF
Save to your device and send to email@example.com
COMPANY ACCOUNTS BASICS
Your last full company accounts usually consist of:
Profit and loss account (income statement)
Balance sheet (statement of financial position)
Notes about the accounts
A director’s report
Sometimes a shortened, or ‘abbreviated’ set of accounts is filed at Companies House. Lenders need a ‘full’ set to make a decision, so please either send this across, request this information from your accountant or simply introduce us, and we’ll liaise with them on your behalf.