How it works

Answer three quick questions on our website or at app.welcomefinance.ie: what the finance is for, how much your company needs and your company type. It takes about a minute. Your dashboard then shows the lenders that appear to match and the documents they need. Your relationship manager will contact you, usually within 4 business hours, to help.

No. Our eligibility check involves no credit search and is not recorded on the Central Credit Register (CCR). If you choose to go ahead, a lender will usually search the CCR, which leaves an enquiry on your report. Lenders must check the CCR for applications of €2,000 or more. The Central Credit Register does not give a credit score.

It depends on the product, the lender and how quickly the documents are ready. Some lenders say they can decide within 24 to 48 hours of a complete application; this is not guaranteed, and some applications take longer. Having accounts, bank statements and tax clearance ready is the best way to avoid delays.

Lenders usually ask for your latest accounts filed with the CRO, recent management accounts, around 6 months of business bank statements, a tax clearance certificate, photo ID and proof of address for each director, and details of existing borrowing. We tell you exactly what each lender needs, so you only send what is required.

No. You are free to decline any offer, at any stage, without giving a reason. We set out each offer’s rate, fees, security and any director’s guarantee in plain terms so you can decide. A lender’s terms only bind your company once you sign its agreement, so read it carefully first.

The lender. We check your company against each lender’s criteria and present the application, but every lender runs its own assessment, which may include a Central Credit Register search, fraud and identity checks and a review of your accounts and bank statements. Each lender that receives your application may run its own credit search. We cannot guarantee approval, a rate or a timescale.

We explain why where we can, and suggest steps such as the Credit Review Service for bank refusals.

Yes. A named member of our team stays with your application from your first call until the lender pays out, and keeps you updated by phone and email. We usually reply within 4 business hours. You can also track progress and upload documents in your dashboard at app.welcomefinance.ie.