Virgin Money for Intermediaries
This form must be completed and submitted with the other documentary requirements for all new self-employed (sole traders/partnerships/LLP’s and Limited Companies) applications.
|Business Name | |
|Business Sector | |
To make sure that we continue to lend responsibly please answer the following questions
1. Has your business had to pause trading at any point due to the COVID-19 restrictions (March 2020 onwards)?
Yes, go to Q2
No, go to Q3
2. Please confirm the dates the business paused trading and recommenced trading?
|From until |
|From until |
|From until |
|From until |
3. Have you seen or do you expect a negative change to your income and/or business trading performance (turnover/net profit) as a result of any COVID-19 impact (March 2020 onwards)?
Yes, go to page 2
No, go to Q4
4. Where your income/business has not been/is not expected to be affected by COVID-19 please explain why?
| |
We will not be able to consider self-employed income in the following circumstances:
• Where income has been negatively impacted by COVID-19 and current income fails our affordability assessment.
• Where the business is not actively trading as a result of COVID-19 or has not recommenced for at a minimum of 3 months at point of application.
• Where there has been a loss in the last 2 years or where the company's net worth has been negative in the last 2 years.
• Where the P&L (where required) shows the business was loss making pre-COVID.
•
|Additional Information for Self-employed Customers impacted by COVID-19 |
|How has the business been impacted by COVID-19 (March 2020 onwards) and what changes (if any) have been made to your business model? If the business continues to |
|be impacted please provide details. For example, reduced trading/capacity, etc |
| |
Where government financial support has been received or capital has been injected into the business, please provide details on the type of support / funding, amount received, when it was received, how the funds have been used and the monthly loan repayments, as applicable. This includes any type of financial grant or capital injection, loan (including CBIL or BBL), furloughing of employees, savings, other
| |
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Self Employed Supplementary Form
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