The application is only the start of the process.
Once this is complete, lenders undergo a range of investigations and checks to ensure you and your business are feasible investments. This process can be time consuming so do not become dismayed as this is standard business practice. It is important to factor this time frame into your planning when making the application. Don’t only begin the process when your cash flow is fast disappearing, be realistic about your financial status and get the ball rolling sooner rather than later.
Once the application is in motion, be patient and remain positive about its outcome.