Export finance enables UK businesses to scale international sales. But the application process seems daunting if you have not done it before. Understanding what lenders need and how to present your business increases approval chances and speeds decisions.

This guide walks through the entire application process. It covers what documents you need, how to prepare your business case and how to navigate the approval journey successfully.

Before You Apply

Preparation is crucial. Lenders review applications quickly. Complete applications with clear supporting documents get fast approvals. Incomplete applications get rejected or face lengthy clarification requests.

First, confirm you are eligible. Most lenders require two years of trading history and documented export sales. Some work with newer businesses if you have previous industry experience.

Second, clarify what you need. Do you need letters of credit? Supply chain financing? Export credit facilities? Different needs require different applications.

Third, gather documents. Export credit facilities require financial statements. Supply chain financing requires purchase orders and supplier information. Letters of credit require bills of lading and invoices.

Core Documents Required

• Two years of financial statements (profit and loss, balance sheet, cash flow)
• Company registration documents (Companies House extract)
• Director identification and proof of address
• Business plan highlighting export strategy
• Recent export sales invoices and customer contracts
• Bank statements showing the business trading account
• Proof of supplier relationships (purchase orders, contracts)
• Personal guarantees from directors