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Step 2: Building your finance application

Men carrying a cheque for under £25,000

Pulling together the right supporting documents is key to creating a successful application.

Document checklist

We want to invest in your business – but before we make a lending decision, we need to build up a thorough understanding of what it does. The information we need to gain that understanding will vary according to your business and what you want. We don't ask for information unless we need it, but it usually involves some or all of the following:

Information about you and your business:

  • Business plan
  • Personal budget planner – this will help us assess the level of withdrawals you'll need to make from your business
  • Personal asset statement – this will help us when assessing guarantees

Information about the financial performance of your business, such as:

  • Up-to-date trading accounts – balance sheet, profit and loss account
  • Profit and loss and cashflow forecasts – for the coming 12 months
  • Bank statements – if you’re looking to transfer your account from another bank

Information specific to your lending request:

  • Costs breakdown – eg, if you need help with a vehicle purchase, have you allowed for insurance and road tax?

We have a selection of downloadable tools to calculate your accounts, create forecasts, as well as templates for many of the documents we might require.

The customer's story

Salon owner Sullivan Marchant describes how he started the lending application process.

Building a strong application

Before applying for a loan, you can maximise your chances of success by taking a look at your finances and addressing any potential issues .

  • Talk to us about any financial challenges you face – we may be able to help
  • Take a look at your bank account – does it regularly dip into the red or go over its overdraft limit? Perhaps you could look at changing the date you pay suppliers or extending your overdraft
  • Highlight any business savings you have and demonstrate that you're paying your suppliers on time – this shows that you're operating your business well
  • Take a look at your audited accounts – are you making a profit? If not, your Barclays Business Manager can advise on how to move your business to a stronger position
  • Check your business's credit rating – if you have any debt outstanding, arrange a repayment programme, and once it's repaid, get your credit history updated
  • Provide a personal guarantee – if you're seeking extra finance, it may help to show you're willing to contribute additional funding as well. A personal guarantee backed up by your personal assets, where you agree to honour certain repayment obligations, is a great way to instil confidence
  • Offer security for the loan – you could use your business assets as security against a business loan, such as property, stocks or shares

Existing Barclays customer?

View our range of loans online

Apply for a loan with one of our consultants

New to Barclays?

See our Business current accounts

Apply online for a Business current account

Important Information

1. Lines are open Monday to Friday, 8am–7pm. To maintain a quality service, we may monitor and record phone calls. Call charges

2. Lines open Monday to Friday, 8am–8pm. To maintain a quality service, we may monitor and record phone calls. Call charges

The Lending Code. 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


Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 122702). Barclays Bank PLC subscribes to the Lending Code which is monitored and enforced by the Lending Standards Board. Further details can be found at Barclays Insurance Services Company Limited is authorised and regulated by the Financial Conduct Authority (Financial Services Register number: 312078).

Barclays Bank PLC. Registered in England. Registered no. 1026167. Barclays Insurance Services Company Limited. Registered in England. Registered no. 973765. Registered office for both: 1 Churchill Place, London E14 5HP. ‘The Woolwich’ and ‘Woolwich’ are trademarks and trading names of Barclays Bank PLC. Barclays Business is a trading name of Barclays Bank PLC.


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