Use the current directory
The British Business Bank publishes an accredited lender directory. Consult that source for current scheme participation and contact details instead of relying on an old list or an unverified claim. Then ask a lender whether it accepts enquiries for your product and circumstances.
- Verify the lender appears in the official list.
- Check which facility types it currently offers.
- Ask how to start an application and what evidence is needed.
Compare offers carefully
Accredited lenders make their own commercial and credit decisions. They may differ in application processes, eligibility, pricing, security requirements and available products. Accreditation alone does not say that a lender is best for a particular business or that a facility will be approved.
- Compare the total cost and repayment obligations.
- Review personal guarantee and security provisions.
- Consider timing, covenants and early repayment terms.
Intermediaries and lender relationships
A business may approach a lender directly or use an intermediary where appropriate. An intermediary can help explain an application route, but only the lender decides whether to provide a facility. No lender relationship or guaranteed referral should be assumed without confirmation.
- Ask who will make the credit decision.
- Confirm any intermediary fees and role.
- Get the final offer and conditions directly from the lender.