Securing the right funding doesn’t have to be stressful, but with more products, more lenders, and more complexity in the market, many UK businesses are unintentionally making decisions that hold them back.
At Compare Your Funding, we work with businesses across every sector, and every week we see the same avoidable mistakes. The good news? With the right guidance, they’re easy to avoid.
Here are the three biggest funding mistakes SMEs should steer clear of in 2026, and how our expert team can help you make smarter, more confident decisions.
1. Applying for the Wrong Type of Funding
Many businesses choose the first funding product they find, or the one that promises the fastest approval.
But the wrong product can lead to:
- Higher costs
- Unnecessary debt
- Cashflow strain
- Long-term limitations on future borrowing
Lenders are now offering more tailored options than ever but knowing which one fits your business model is crucial.
How Compare Your Funding helps:
Our specialists take time to understand your business, your goals, and your constraints.
We compare options across a wide panel of lenders to ensure you’re matched with the right funding solution – not just the fastest or easiest.
2. Not preparing the right financial information
Lenders are placing a stronger focus on:
- Cashflow stability
- Forecasting
- Management accounts
- Credit behaviour
Incomplete or outdated financials delay approvals or result in unnecessary declines.
How Compare Your Funding helps:
We help you understand exactly what lenders are looking for and ensure your information is presented clearly, accurately, and professionally. This increases your chances of approval and speeds up the entire process.
3. Going Through the Process Alone
One of the biggest mistakes SMEs make is trying to navigate the funding landscape without expert support.
With over 100 funding products on the market and each lender offering different criteria, terms, and pricing structures, it’s easy to get overwhelmed, or worse, make a costly decision.
How Compare Your Funding helps:
Our highly skilled team has years of experience in commercial finance and lender relationships.
We work for you, not the lenders, and our only goal is to secure the most suitable and transparent funding option for your business.
You get clarity.
You get confidence.
And you make decisions backed by real expertise.
Looking for funding? Start with the right support.
Avoiding these common mistakes starts with having a partner who puts your business first.
Our team is here to help you secure funding that truly aligns with your goals, with no confusion, no complications, and complete transparency.
Start your funding journey today:
🌐 www.compareyourfunding.com
📩 info@compareyourfunding.com
📞 0161 871 9840