How to Get Business Funding in the UK: 5 Mistakes That Could Be Blocking Your Finance
- sjohnston90
- Nov 16
- 3 min read
Updated: Dec 8
Are you growing but still struggling to secure funding?
You’re not alone. Many UK business owners in Surrey, Kent, and the South East are being declined by lenders. This often happens not because their business isn’t viable, but because they haven’t made themselves lender-ready.
Knowing how to get business funding in the UK isn’t just about applying. It’s about positioning your business the right way.
Why You’re Still Being Rejected for Business Finance in the UK
One waste management firm we supported, with a turnover of £400k, had strong growth but couldn’t secure the finance they needed. Why? Their accounts were outdated, and their business finances were tangled with personal ones.
This is a common mistake. It can be the difference between “approved” and “declined”.
5 Funding Mistakes to Avoid (and What to Do Instead)
Before you apply for business finance, make sure you avoid these common blockers:
Outdated Accounts: Lenders need up-to-date, professionally prepared accounts. Spreadsheets or estimates won’t cut it.
Mixed Finances: Keeping personal and business finances separate isn’t just good practice; it’s vital for building lender trust.
Credit Rating: Missed payments, even on utilities, can impact your business credit rating. Monitor and manage it monthly.
Vague Requests: “Just need a cash boost” isn’t enough. Be specific about your needs: stock, staffing, expansion, marketing — show a clear plan.
Explore All Options: Banks aren’t the only route. Brokers like Kingston Finance give you access to a wide panel of lenders, often with faster, more flexible approvals.
Case Study: How a Small Business Got Funding in the UK in Just 5 Days
We helped a South East-based transport business that was under 3 years old secure a flexible funding facility in just 5 working days. They’d been turned away by their bank. But with the right positioning, the right lender said yes.
What was the result? They hired two new staff and expanded routes within the month.
Understanding the Importance of Being Lender-Ready
Being lender-ready is crucial for securing funding. It’s not just about having a good business idea; it’s about presenting your business in the best light possible.
What Does It Mean to Be Lender-Ready?
Being lender-ready means having all your financial documents in order. This includes:
Up-to-date accounts
Clear separation of personal and business finances
A solid credit rating
A detailed business plan outlining how you will use the funds
When you present your business this way, lenders are more likely to see you as a trustworthy candidate for funding.
The Benefits of Working with a Finance Broker
Working with a finance broker can simplify the process. Brokers have access to a variety of lenders and can help you find the best deals. They understand the market and can guide you through the application process.
Why Choose a Broker?
Expertise: Brokers know what lenders are looking for.
Access: They can connect you with lenders that you might not find on your own.
Speed: Brokers can often expedite the approval process.
Ready to Position Your Business for Finance?
✅ Get lender-ready
✅ Understand your funding options
✅ Save time and avoid rejection
Each of these factors affects what lenders will offer you and how much you can safely borrow.
Disclaimer: Finance with Stuart is a personal brand of Kingston Finance Ltd (Company No. 14227379), which is an Appointed Representative of Connect IFA Ltd (FRN 441505) authorised and regulated by the Financial Conduct Authority. General information only, not financial or legal advice.
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