Barclays Business Lending
We're doing more than ever to help businesses
- This year we've completed over £20 billion worth of new lending, £7 billion of which went to small- and medium-sized businesses like yours 3.
- Our regional teams have the power to make quick lending decisions at a local level, so why not get your application started? So that you can get an idea of what to expect, we guide you through the 8-step lending process below.
8-step guide to a successful application
Step 1: Deciding on business finance
Step 1: Deciding on business financeWhat's best for your business – a loan, overdraft or commercial mortgage? Consider the options so you can secure the best finance for your needs.
|
Step 2: Contacting us
Step 2: Contacting usYou can apply for business finance by phone or by contacting your Barclays Business Manager.
|
Step 3: Building your finance application
Step 3: Building your finance applicationPulling together the right supporting documents is key to creating a successful application. Look through our document checklist to make sure you’re giving your application the best chance of success. |
Step 4: Your application's assessment
Step 4: Your application's assessmentWhen assessing finance applications, we aim to make a lending decision within 24 hours. And all finance pricing is considered on an individual basis. Find out what can increase processing times and what influences finance pricing. |
Step 5: Business Manager makes an initial decision
Step 5: Business Manager makes an initial decisionWe want to say yes to your business finance application. Discover ways you can help us make a fast and positive loan decision. |
Step 6: Business Manager works with Credit Team
Step 6: Business Manager works with Credit TeamYour Barclays Business Manager handles your entire lending journey and is empowered to make lending decisions, but in certain circumstances, he or she will need to share your application with one of our regional Credit Teams. |
Step 7: The Credit Manager's role
Step 7: The Credit Manager's roleAfter receiving your application from your Barclays Business Manager, a Credit Manager will call upon years of experience in making a lending recommendation – so that your application decision is especially informed. |
Step 8: Business Manager explains the decision
Step 8: Business Manager explains the decisionIt’s in everyone’s interest that we make the right decision about business finance, and it’s an unfortunate fact that we can't approve all applications for business finance. If your lending application isn’t initially accepted, don’t be concerned. It may just be that at this moment in time your business isn't ready to take on more finance. |
Lending process explained
Watch our short videos to find out how we helped one small business owner get the funding he needed.
The Customer's StoryListen to a salon owner describe how he started the lending application process. |
The Business Manager's StoryBarclays Business Manager Alison Ferryman describes how applications are supported. |
The Credit Team's StoryGiles Davis, Credit Manager for the South-West region, explains how applications are assessed. |
A successful applicationA review of the lending process. |
1. Lines are open Monday to Friday, 8am–7pm. To maintain a quality service, we may monitor and record phone calls. Read our call charges and information
2. Lines open Monday to Friday, 8am–8pm. To maintain a quality service, we may monitor and record phone calls. Read our call charges and information
3. Based on the definitions agreed under Project Merlin, £20bn of new lending includes credit made available to businesses between 1 January 2011 and 30 June 2011. SMEs are businesses with a turnover of up to £25m.
4. The Lending Code. Barclays Bank PLC is authorised and regulated by the Financial Services Authority ('FSA'). In respect of lending not regulated by the FSA under its Mortgage Conduct of Business sourcebook, Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. The Lending Code sets minimum standards of good practice when dealing with certain customers in the UK in relation to loans, current account overdrafts, charge cards and credit cards. Further details can be found at: Lending Standards Board