business loans

Compare business loans without impacting your credit score

  • Connect your business bank account to Tide in minutes
  • Find out which loans you're eligible for
  • Apply for the loan that best suits your business needs

Get Access

How does a Tide business loan work?

Applying for small business finance online with Tide couldn’t be simpler. We work with our funding partners to find the right loan for your business.

  1. Connect your business bank account in minutes

    We'll run eligibility checks to show you business funding options

  2. Compare business loans without impacting your credit score

    View affordable credit options to suit your needs

  3. Apply in 5 minutes

    Once approved, receive a quote tailored to your business

  4. Get a decision and receive your funds

    Depending on the loan, funds could be available in around 24 hours

Get Access

Access a range of business funding options from our range of partners.

Before you start: what do you need to apply for business funding?

Whether you’re a start-up or seeking funds to scale, here’s what you need before you start applying for a business loan.

  • Be based in the UK
  • Be a sole trader, partnership, or limited company

Some key information to have to hand:

  • Basic information about your business
  • Bank statements covering the past year

Top tip: You can connect your account to Tide via Open Banking to access this information in minutes.

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Business Loan Options for your business

Boost your cash flow, grow your business or cover your operational costs with our range of Business Loans.

Additional Credit Options

  • Start Up Loans – Turn your business dream into reality
  • Business Cash Advance – Use as short term funding
  • Invoice Finance – Get your invoices paid in advance
  • Other Partner Products– Revenue based finance to equity finance
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Get Access

Connect your business bank account to Tide

With our FCA-Approved Open Banking integration, you can connect any business accounts you have to the Tide platform in a few simple steps:

  • From the sign-up screen, provide your contact details
  • Select your banking provider
  • We’ll direct you to your banking provider to log in and authenticate the account you wish to connect
  • Provide some basic details about you and your business
  • You’ll have access!

It’s completely safe and secure and can be done in minutes. When you connect, your data will be kept safe – we’ll only use it to access your transaction data to help us run pre-eligibility checks for our business loan products – all without affecting your credit score.

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Find your loan today

Making your business our business

At Tide, we aim to save small businesses time and money. Our business loans help you do just that. We search the market to provide tailored credit options for your business. And, what’s more, pre-eligibility checks have already been carried out with no impact on your credit score. Save time with no lengthy applications and get a decision in minutes.

And, if you’re trying to build your credit score, we can help you too. Our Credit Builder feature has been designed to help boost your credit score and widen your small business funding options.

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Still have questions? We've got you covered

What is a business loan?

A business loan is a form of borrowing designed for commercial organisations, rather than individuals, which is paid back over an agreed period. This is usually anything from one month to up to 15 years. Business loans can be categorised into two types: secured or unsecured.

What do I need in order to apply for a business loan?

  1. There are a number of eligibility checks your business will need to meet in order to secure a business loan. Typically, these are:
  • Your credit score in order to check your credit worthiness
  • The age of your business
  • Annual revenue, including net operating income
  • Potential collateral – eg do you have any assets (inventory, property, equipment, etc) to back the loan in case of default.
  • Personal debt-to-credit-ratio – some lenders perceive being in receipt of a large amount of credit at the time of applying for a business loan to be a risk

Can business loans affect my business credit score?

Yes, when you apply for a business loan, a credit check will usually be run with Credit Reference agencies. If you submit multiple business loan applications, then this can send negative signals that your business may be in trouble and this can in turn have a negative impact on your credit score. With Tide Business Loans, pre-eligibility checks are carried out before you apply. This can reduce the likelihood of your application being rejected and adversely affecting your credit score.

Other ways in which a business loan can influence your credit score include if you default or fail to make repayments on time. However, using credit wisely and ensuring you always pay on time will help to grow your business credit score.

How long does it take to approve a business loan?

The length of time it takes to approve a business loan depends on the type of funding you have applied for. Some products, such as Merchant Cash AdvanceFlexible Loans or revolving credit have a very short turnaround and the approval process can take as little as 2 business days. Other types of funding, such as Start-Up Loans or Equity and Grant finance have a much longer approval process which can take several months.

How can Tide help me maintain a good business credit score and improve my chances of successful business loan applications?

With Tide Business Loans, we run pre-eligibility checks on potential funding options. You will only be presented with business funding options for which you may already be eligible, therefore increasing the likelihood that your applications will be successful. This will also help to maintain a good business credit score, as you are unlikely to make multiple applications that are unsuccessful.

What is an unsecured loan? How does it differ from a secured loan?

A secured business loan is money borrowed or secured against an asset you already own. This could be something like a car, premises or anything or value that will be used to secure payment to the creditor in the event that you are unable to repay the loan. In contrast, an unsecured business loan doesn’t require you to provide anything as security. Instead, you borrow a lump sum and then pay this back with interest over an agreed timeframe.

How can I get a business loan with bad credit?

Firstly, it’s worth checking your credit score by getting copies of your business credit reports. You can review these for any errors and question anything you believe to be inaccurate with the credit agency. The best next step is to start to increase your creditworthiness. This can be done by using a credit card, or opening a line of credit. There are also sources of funding available, such as Start-Up loans, which help new businesses with no credit history to fund their growth. Alternatively, equity and grant finance may be available that provide you with business loans based on the potential of your company, rather than your creditworthiness. 

We also offer Tide Credit Builder – designed specifically to help small businesses grow their credit worthiness and open up future options for funding.

Will my business loan application involve a credit check?

Yes, when you apply for a business loan, lenders will run credit checks with the main credit agencies to verify that you can afford to repay your loan. There is a risk that making too many failed business loan applications could negatively impact your credit score. With Tide Business Loans, pre-eligibility checks are carried out before you apply to reduce the risk of your application being unsuccessful. This also means that all the available options displayed will be tailored to your business needs.

How can I increase my chances of my business loan application being successful?

When starting a business, the best way to improve your chances of successfully securing a business loan is to ensure you maintain a positive cash flow. You should also pay your suppliers, taxes and all other business charges on time. This will ensure that positive signals are sent to both lenders and Credit Reference Agencies.

You can also use Tide Credit Builder, a credit card or credit line to help you boost your creditworthiness.

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