OUR APPLICATION PROCESS
At Outset Finance, we try to keep our application process as simple and transparent as possible. After all, we know that as a business owner, your time is precious.
We now have access to a ‘Common Application Form’, which is used by all Delivery Partners of the Start up Loan, and completed on a ‘Customer Portal’ via the Start Up Loan Website.
In order to ensure that your application process is as smooth as possible, there is a preliminary Step, which allows us to track your application whilst you complete the first 3 steps, and ensures that you are looked after by your allocated point of contact at Outset Finance, who can provide any required assistance at each stage.
If you have all the required documentation, you can complete all 3 steps straight away, however, if you require further support before completing step 3, please just complete the first 2 steps, which you should be able to complete straight away, and we’ll get back to you within 5 working days to provide assistance.
PRELIMINARY STEP – REGISTER WITH OUTSET FINANCE
Fill in some very brief contact details with Outset Finance here. The details you enter will help us to track your application through the process and ensure that you are assigned to Outset Finance.
Once you’ve submitted the form, you will be taken to the Start up Loan Company Website where you will be able to complete Step 1 of the process via the customer portal.
STEP 1 – REGISTER YOUR DETAILS
Fill in The Start Up Loan registration form, where you will automatically be assigned to Outset Finance who will allocate you an experienced point of contact, who will review your application and help you finalise it for assessment.
STEP 2 – COMPLETE AN APPLICATION FORM
Provide information about your business to help us understand your personal situation, how much you’re seeking and how you’ll use the loan.
A credit check will be run with your consent to assess if you’re eligible and, in line with our commitment to responsible lending, determine if you can afford the loan.
STEP 3 – FINALISE BUSINESS DOCUMENTS
You will need to provide a Business Plan, Cash Flow Forecast and Personal Survival Budget as part of your application.
We offer a range of free templates to support you in finalising these documents. Your business planning documents will be reviewed as part of your application assessment.
Once you have completed all 3 steps we will be in touch within 5 working days to advise of any further documents we will require before your initial review. Once all the required documents are in place, you will be assigned to a qualified Business Advisor who will start reviewing your application.
We endeavour to complete an initial review of all completed loan applications between 2-5 working days of receiving them (excluding weekends). If for any reason we can’t meet this timing, we will let you know as soon as possible. We’ll contact you if we have any questions regarding your application or need further clarification on any areas.
Think you’re ready to apply for a Start Up Loan with Outset Finance? Register now to get started.
