The practical answer
Potentially. New and recently incorporated companies can be considered by some lenders, but the proposal may rely more heavily on director experience, bank statements, contracts, forecasts, deposit and the quality of the asset.
Provide the bank history available, current sales, management information and relevant director experience. Contracts and forecasts should distinguish confirmed income from estimates.
Explain deposits and operating cash before customer receipts. No filed accounts is one part of assessment, not an automatic rejection or an assurance that another form of evidence will be accepted.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
Read: New-start asset finance →