Timescales: We're experiencing extremely high levels of demand for our loan fund. We're scaling up as quickly as possible but please note:
- It will probably take weeks, not days, to process your application. We absolutely understand the urgency so we're working as quickly as possible.
- Unfortunately there is no 'fast track' option as everyone's application is urgent.
- Different CBILS lenders have different requirements/restrictions. Transmit cannot lend more than £60,000 and we can only lend in England & Wales at the moment.
Next steps: Make sure you have your yearly or management accounts ready, and be prepared for us to request:
- 3 months of business bank statements
- 3 months of personal bank statements
We may also need you to generate a personal credit report. We'll explain just how to do this, and what we need to see.
Not going ahead: To withdraw your application, just send this email and we'll reply to confirm.