It's harder, but not always impossible. It depends on what's on your credit file, how recent it is and how you've managed since. Franchise finance usually relies on you personally, so your own credit history matters.
Start Up Loans
Every application includes a personal credit check. Poor credit doesn't always mean a decline, but some issues, such as recent defaults or an undischarged bankruptcy, usually rule you out. See I have poor credit history: will I be declined?
Business lenders
Mainstream lenders are often cautious. Some specialist lenders consider applicants with past credit problems, often with more security or a bigger contribution. See Can I get a business growth loan with bad credit or CCJs?
What helps
- Be upfront: explain what happened and what's changed.
- Check your credit file before you apply, and correct any mistakes.
- A bigger contribution or a co-owner with a strong history can help.
- Asset finance for a van or equipment is secured on the asset, which can help. See How do I finance a van or equipment for a franchise?.
Sending us your plans is an enquiry and doesn't affect your credit score. See Will a franchise finance enquiry affect my credit score?.
Last reviewed: 8 October 2026
