Funding information: Aarubi Finance Ltd is not authorised or regulated by the Financial Conduct Authority. We provide Merchant Cash Advance services with YouLend and 365 Finance and may introduce eligible businesses to selected unregulated commercial finance providers. We do not provide consumer credit, regulated mortgages or personal financial advice. Eligibility and terms apply. This article is general information, not individual financial, legal or tax advice.
Business bank statements help a finance provider understand money entering and leaving the business. They are evidence for an assessment, not a guarantee of approval. A healthy turnover figure alone does not show whether another repayment is affordable.
Our business finance application FAQs explain documents, credit checks and provider requirements.
How many statements do you need?
Ask the proposed provider for its required period, accounts and file format. There is no single document rule for every UK loan or cash advance. Requirements can change with the product and application.
For example, Funding Circle's credit-check guidance describes supporting financial information and help obtaining statements. Its process should not be treated as every lender's policy.
What to review before submitting
Check that the account belongs to the correct borrowing business and that the requested period is complete. Where several accounts are used, ask which must be included.
Prepare explanations for transactions that might otherwise be misunderstood:
- Transfers between your own accounts, which are not additional customer sales.
- Owner contributions or existing loan receipts.
- Large one-off expenses or refunds.
- Seasonal income changes and late customer payments.
- Returned payments, arrears or borrowing already being serviced.
Explain the facts and supply supporting records where requested. Never alter a statement, remove transactions or describe a transfer as trading revenue.
Turnover is not available repayment cash
Build a forecast alongside the historical statements. Include stock, payroll, rent, VAT and other taxes, existing finance and the proposed payments. Check when these amounts fall due, not just their monthly average.
A one-off good month should not be the only basis for a commitment. Model a quieter period and delayed customer receipts. For a practical preparation list, see our business loan application checklist.
Send documents safely
Use original bank downloads in the requested format. Keep files complete and readable; ask before redacting anything. If a genuine bank error needs correcting, obtain the correction from the bank rather than editing the document.
Verify the recipient and upload address independently. If Open Banking is offered, read the consent screen, access scope and duration and use the bank's approved authentication process. Do not send passwords, PINs or one-time security codes to an adviser.
AARUBI's initial enquiry form does not request document uploads. See our Privacy Policy, and agree a verified secure channel if documents are needed later.
Common questions
Will a returned payment automatically cause a decline?
There is no universal answer. The provider may consider the amount, frequency, explanation and wider financial position. Disclose it accurately rather than assuming it will be ignored.
Can good statements overcome poor credit?
Not necessarily. Statements are only part of the assessment. Ask about criteria and search types before making repeated applications.
What if I have already been declined?
Request the reason the provider can share and check for incorrect information. Read what to do after a business loan decline before applying again.
If you want to enquire through AARUBI, review our role and funding FAQs first. Approval and terms remain the provider's decision.
