Our assessment process is not as quick as for applications for personal loans.
We will ask for more extensive supporting evidence, dependent on how long the organisation has been going and the purpose of the loan.
Other members may apply for loans to pay for running costs of their own businesses, or to invest in developing them. The assessment procedure would be similar to Corporate Member loans.
When members ask for loans to start new businesses we recommend that they apply to the Start Up Loans Company, who can offer better repayment terms than we could match, and provide some business support too.
The interest rate we charge would be decided by the same criteria as for Express, Standard, Saver and Secured Loans.