Directors personal credit report

Poor credit score, significant arrears, adverse listings or judgements

_________________________Contact a credit bureau and settle accounts with issues or supply supporting documentation and re- apply

Stacking

Funding facility held with multiple short-term lenders

_________________________Settle the amount or allow Lulalend to settle the amount and take it off the total disbursed amount

Sole Trader with invalid VAT Number

The VAT registration number is invalid

_________________________Contact a credit bureau and settle accounts with issues or supply supporting documentation and re- apply

Bank Balance

The bank balance regularly goes below the amount needed to support payments

_________________________Re-apply with new set of Bank statements after a healthy bank balance is maintained

Liquidity

Poor liquidity puts too much risk for any further short-term funding

_________________________Re-apply with a new set of Bank statements in the next few months

Unpaid Items

Debit orders returned unpaid / disputed on the bank statement

_________________________Re-apply when the accounts are managed well over the next few months