Lendly
Rates
11 Aug 2026 · 3 min read

Why your second loan can be cheaper

Bands follow your business. Another year of trading or higher turnover can move you up a band on your next application.

Your band is recalculated every time you apply.

Time helps

Crossing the 2, 3 or 5 year anniversary of incorporation can lift you a band.

So does growth

Update your average monthly turnover in Businesses before applying.

And so does history

Underwriters see every earlier loan, and a clean record makes the decision easier.

EM
Eleanor Marsh
Lendly journal
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