The Lifeline fund Application Procedure

Loan Proposal

The Lifeline fund application form needs to be completed as accurately and the information supplied as current as possible - as this will from of basis of our initial decision.

A non-refundable application fee (£25) must be remitted with any application.

Payment should be made online using the relevant link.

Essential to the application are current financial reports/management accounts - not more than six weeks old.

Depending upon the type of proposal, different types of documentation may also subsequently be required; these may include but are not limited to:

  • Proof of parallel investment
  • Commitment letter(s) from bank and any other lenders/proposal participants
  • Past three years of financial statements (balance sheet, profit and loss account).
  • Schedule of outstanding business debt

We will send an acknowledgement email to the address supplied when we receive your proposal.

Application Assessment

Upon [electronic/hardcopy] receipt of all required documents and the application fee, a Screening Committee will review the application to ensure that the loan request meets Lifeline fund requirements and that the application is complete.

This will normally happen within five days of receipt of all requisite documentation, and a confirmation that the application will now proceed to credit committee will be provided.

The Credit Committee will normally meet weekly and will provide a decision-in-principle within 24 hours.

Approval at both Screening and full Credit Committee is required before a loan is approved.

Declaration and data protection statement

By signing this application [ By submitting this form and making the £25 payment, you indicate your agreement to the following statements ]

  • I confirm that the information supplied in the form is correct, to the best of my knowledge, and I confirm if the company of which I am a representative is awarded a loan, all money will be used solely for the purpose specified in this application.
  • I consent to Lifeline fund and others on its behalf processing and holding by means of a computer database or otherwise any information, which I provide to them for the purpose of a potential loan. I also agree to Lifeline fund accessing such other information as they hold about me, which they have acquired for other purposes.
  • I agree that relevant Lifeline fund Members and Officers plus its business support partners can view the information provided.
  • I agree to the terms of this scheme, to regular monitoring of business progress after the loan is given and to my Bank discussing my business with Lifeline fund if required.

Completed applications should be returned to: enquiries@lifelinefund.co.uk

Data Protection:

Should your enquiry not meet our investment criteria, we will advise you within 14 days.

We will also return, at your request, any confidential data and information supplied up to this point.