Instead of having to open a bank or savings / business account for your business and operate it over a period, usually beyond 6-24 months before qualifying for a loan (if you ever even get lucky to be funded by a traditional bank), we use a different model to lend to credible startups and new businesses.

That is not to say you don't require a bank account to borrow from us, because it's mandatory for loan or equity applicants to have a business bank account with any of the banks before any disbursements can be initiated.

 

A. Why this requirement?

It is mandatory for all business loan (and by extension equity) applicants to have a website for their business. No website for your business, No Lending from us!

There are several reasons why we insist on this requirement with all our business-purpose loans, including but not limited to the following....

 

• Loan Application and Processing

We are unable to start and process your business loan application until you have a website for your business - you cannot even make a loan application, let alone submit it for processing, if your business website address has not been added to our database. Any Know Your Client (KYC) starts with information provided on your business website.

 

• Anti-Fraud

The modern kind of business we want to finance should have a website for their business, whether you have a collateral or not. Whilst not all businesses with a website, can be credible, it helps us rid our system off fraudsters and fabricated identities. With easy access to the internet has come a flood of people who could and will waste time if you let them.

This useful filter enables us to know the serious/genuine businesses from the fakes that abound on the internet, and social media particularly. As a no upfront fee direct lender receiving hundreds or enquiries and loan applications, our time is one of our most valuable resources. We can't afford to waste it on what seems important but isn't. We can't let anyone else control our schedule and invade our boundaries and draining our resources unchecked.

 

• Hard Assets Collateral Due Diligence

If your loan amount requires the provision of adequate physical collateral, we would only initiate the due diligence on the provided collateral free-of-charge if your business has a website and has met our requirement as stated below.

 

• Proprietary Credit Scoring Systems & Algorithms

UKStartups.co's lending platform uses an algorithm that works behind the scenes to interpret and evaluate borrow information and credit risks, including but not limited to web data analytics.

 

• Proprietary Loan Underwriting Model

Algorithm-based, fair and responsive.

 

• Guaranteed Lending Strategies

All the reasons above and more are part of the reasons why we remove all uncertainties in the minds of borrowers, applying for a facility with us. If your information confirms your credibility, you can be guaranteed a loan with us, with no stress. Learn more.

 

• Sign of Commitment / Equity

Already committing to setup a website, proves to us, how determined you are in growing your business.

 

 

B. Meeting this requirement

In line with the reasons why we insist on a website for your business, following outlines how you are required to setup a website for your business to qualify to apply for a loan with us.  

1. Already have a website

If you already have a website, you need to move it to the servers of any of our webhosting partners. Kindly note that, you may only be needed to point the nameservers of your domain name to that of one of them ( details below ), before you can even start any loan application process.

If you already have your website designed and emails setup, kindly send us an email, to be offered free migration before you change your nameservers.

 

Approved nameservers:

You can only point your nameservers to any of the following (in order to be automatically added to our database to enable you proceed with your loan application) -

1. ns1.ukstartups.co

2. ns2.ukstartups.co

Customised/Private nameservers in your domain name or any format can still be setup for you free-of-charge, after the initial setup on our default nameservers.

 

 

C. Your Website Format

See here for details on the kind of information you need to provide on your website.

 

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Related Links

• Benefits of a website for your business

• Qualified Web Hosting Options