Can I Get Business Funding with CCJs?

Yes. iwoca, YouLend, and 365 Finance all approve CCJ businesses. 70-80% approval rate for businesses with satisfied CCJs. Here's how to get approved.

Quick Answer

Yes, you can get business funding with CCJs. Merchant cash advance providers (iwoca, YouLend, 365 Finance) focus on your current business performance, not credit history. 70-80% of CCJ businesses are approved if revenue is £5k+/month.

  • Best option: iwoca (lowest rates, accepts CCJs)
  • Amount: £1k-£500k (same as non-CCJ businesses)
  • Approval: 24-48 hours

Which Lenders Accept CCJs?

iwoca
Accepts satisfied CCJs • 80% approval with CCJs
YouLend
Accepts CCJs case-by-case • 75% approval
365 Finance
Accepts explained CCJs • 70% approval
Funding Circle
May accept minor CCJs • 30% approval
High Street Banks
Usually decline • 5-10% approval
×

Types of CCJs and Impact

Satisfied CCJs (Paid Off)

  • Impact: Minimal
  • Approval Rate: 75-80% with MCAs
  • Lenders: iwoca, YouLend, 365 Finance all accept

Unsatisfied CCJs (Still Owed)

  • Impact: Moderate
  • Approval Rate: 50-60% (case-by-case)
  • Best option: iwoca or Capify (more lenient)

Multiple CCJs (3+)

  • Impact: Significant
  • Approval Rate: 30-40%
  • Requirements: Must show strong current revenue (£15k+/month)

Recent CCJs (Within 12 Months)

  • Impact: Significant
  • Approval Rate: 40-50%
  • Best option: 365 Finance or Capify (focus on current performance)

How to Get Approved with CCJs

  1. Be upfront: Declare CCJs in application (they'll find out anyway)
  2. Explain the situation: "2 CCJs from COVID period, both now satisfied"
  3. Show strong current performance: £10k+ monthly revenue, growing sales
  4. Apply to MCA providers: iwoca/YouLend vs banks (2x higher approval)
  5. Consider satisfying CCJs first: Pay them off before applying if possible

Real Example: CCJ Business Approved

Business: Cafe, 14 months trading
CCJs: 3 satisfied CCJs totaling £12k from 2022
Revenue: £11,000/month, growing 10% quarterly
Applied to: iwoca

✓ APPROVED: £25,000 at 1.22x factor rate (£5,500 cost over 8 months)

Which CCJs Are Deal breakers?

  • Active bankruptcy: All lenders decline (wait until discharged)
  • Fraud-related CCJs: Automatic decline from all lenders
  • Very large unsatisfied CCJs: £50k+ may block approval
  • CCJs to HMRC: Tax-related CCJs are viewed more seriously

Approval Rates by CCJ Scenario

  • 1-2 satisfied CCJs + £10k revenue: 80% approval
  • 3-5 satisfied CCJs + £15k revenue: 65% approval
  • 1-2 unsatisfied CCJs + £12k revenue: 55% approval
  • 5+ CCJs or recent bankruptcy: 20% approval

Best Lender for CCJ Businesses

iwoca - Most lenient criteria, highest approval rate (80% for CCJ businesses), best rates (1.08-1.25x). First choice for businesses with credit issues.

Get Approved Despite CCJs

We specialize in CCJ businesses. 75% approval rate. £3k-£500k available.

Apply with CCJs