Whether you are eligible for a Portman Finance business loan depends on a number of factors, including your business’ trading history and your business credit history. The better your credit history, the more likely you will be accepted and the lower the interest rate you’ll likely secure.
Eligibility criteria can also depend on the type of loan you’re applying for. For example, if you’re applying for a startup loan, your business must have been trading for less than 36 months. If you’re applying for an RLS loan, you must be a UK business with at least 2 years of trading history, a minimum turnover of £100,000 and a maximum turnover of £45 million.