• Who Can Apply
• Business Plan
• What the Loan Can be Used for
• Credit Checks
• Terms and Conditions
• FAQ'S

Business Credit Checks

All businesses submitting loan applications to the Fund will be “credit checked” using an external credit checking agency. The Fund currently uses the credit checking service provided by Experian which may change from time to time.

Personal Credit Checks

All individuals (directors, partners and owners) will also be “credit checked” for their credit worthiness. From 1st December 2009 this report must be provided by all the individuals listed at Section 3 on the Application Form. Failure to provide this information may result in a delay in appraising your application.

Please click on the link below to be directed to the Experian website and then follow the instructions to order your credit report.

This information is required to help appraise your application for loan funding. If WSLF carried out the check this would leave a “footprint” on your credit file which could impact your personal credit rating.

The report costs £2.00 and will give WSLF a clear understanding of your credit score, financial status and confirmation of your identity.

Obtain Your Personal Credit Check

Please click here to be directed to the Experian website to order your report.

You can discuss any aspect of your application for loan funding with the relevant council officer whose details can be found here.

FAQ’s

Why does the Fund undertake credit checks?

The Fund undertakes credit checks for all businesses applying for loan funding to help with our appraisal of your application. The business credit check will provide an assessment on the risk and rating of the business as well as detail the shareholders and directors of the business.

Personal credit checks are also required to be provided by the directors and owners, listed at Section 3 on the Application Form to help assess the credit worthiness of each of the key individuals involved in the business.