Tide business loan
Who qualifies, and the alternatives if you're declined. Typical criteria: Tide says its marketplace compares loans and alternative finance from over 80 lenders; eligibility criteria are set by each lender. Ticket range £1k to £20m through the marketplace (Tide's own published range). If the bank declines, the specialist UK lenders below may consider some cases the high street turns down. This is information, not a credit decision.
Quick verdict
- Owner: Tide Platform Limited.
- Ticket band: £1k to £20m through the marketplace (Tide's own published range).
- If declined, the alternatives to look at are: JPM Capital or Bizcap for specialist post-decline, Applying direct to a lender whose criteria fit your file, such as iwoca or Funding Circle.
At a glance
- What they offer
- Tide isn't a bank. It is a business financial platform authorised by the FCA as an e-money institution, and its current and savings accounts are provided by ClearBank. Its loan marketplace is run through Funding Options, which Tide acquired in 2023.
- Owner entity
- Tide Platform Limited
- Ticket range
- £1k to £20m through the marketplace (Tide's own published range)
- Typical criteria
- Tide says its marketplace compares loans and alternative finance from over 80 lenders; eligibility criteria are set by each lender.
- Decision pattern
- Tide's marketplace introduces the business to one or more of its lender partners. Each lender runs its own underwriting and makes its own decision.
Common decline reasons
- Tide doesn't lend itself; a decline comes from the lender that assessed the application, for that lender's own reasons.
If you have been declined
Ask the lender that declined for the main reason, then use it to decide which specialist lender to approach next.
Alternatives to consider
- JPM Capital or Bizcap for specialist post-decline
- Applying direct to a lender whose criteria fit your file, such as iwoca or Funding Circle
What to have ready before you apply
A UK bank or its lending partner will typically ask for the following before issuing a decision:
- Two years of filed accounts plus current management accounts.
- Six to twelve months of business bank statements.
- Director identification and proof of address.
- A clear written summary of how the funds will be used and how they will be repaid.
- Personal guarantee paperwork for limited-company directors (standard for most SMB bank facilities).
This is a generic UK SMB-bank application checklist. Tide may ask for additional documents specific to the facility type or sector.
FAQ
How big a ticket does Tide cover?
£1k to £20m through the marketplace (Tide's own published range). How Tide makes the decision, and how long it takes, is under At a glance above.
Why does Tide decline applications?
First on the list: Tide doesn't lend itself; a decline comes from the lender that assessed the application, for that lender's own reasons. The rest are listed under Common decline reasons above.
What should I do if Tide declines my application?
Ask the lender that declined for the main reason, then use it to decide which specialist lender to approach next. The next steps are under If you have been declined above.
What are the best alternatives to Tide?
It depends on why you were declined and how much you need. We list 2 options under Alternatives to consider above, each with what it suits.
Related banks
Looking for something different?
- For invoice finance, see MarketInvoice.
- For card terminals and merchant accounts, see TakeCardPayments.
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