Highlights
- Loans from £30,000 up to £10m
- Up to a 20 year repayment term
- Choose to pay interest monthly or quarterly
- Pay off your loan early without any fees
- You can make overpayments but we may set a minimum amount
Repayments to suit your business
Capital and interest option
Your repayments are made up of both capital and interest.
Interest only option
Just remember you'll need to repay the capital at the end of the repayment term.
Frequently Asked Questions
With our Base Rate Loans, we'll agree an interest rate above the Bank of England Base Rate which will be the interest rate you pay on your loan.
As the Base Rate can change from time to time, your interest rate can too. This means you could pay more or less interest over the time of your loan depending if the Base Rate goes up or down.
To apply for a loan you must be:
- Based and operating in the UK (excluding Channel Islands, Isle of Man & Northern Ireland)
- Over 18 years old
- Borrowing for a business purpose
What you need to know
Interest Rates
Every business is unique. We'll always offer you our most competitive rate based on your circumstances.
Eligibility
Terms and conditions apply. All loans are subject to status and eligibility. Applicants must be aged 18 or over. You must be based and operate in the UK (excluding Channel Islands, Isle of Man & Northern Ireland) and have a business purpose for your loan.
Personal guarantees, security and fees
To lend your business money, we may need a personal guarantee from you or someone else. Or security from your business or a guarantor. We may not be able to lend to your business without it.
Your business and guarantor should get legal advice before providing a guarantee or security. If your business breaks its borrowing agreement, your assets will be at risk. They may be sold to repay the business or guarantor’s debt. This includes property.
Security and guarantees reduce our lending risk. They remain in place until your business repays all its debt to us.
You can find out more about personal guarantees on the UK Finance website.
Arrangement and other fees may apply.
Get in touch
Find out more about how our loans may be able to help you.
Just so you know...
- To consider any business lending request we require to see at least 12 months of active trading activity.
- You will need to obtain consent for personal searches of each party associated with the business.
- To allow a full credit assessment, you may need to provide financial accounts, cashflow statements and/or projections as part of your application.
- We may ask you for a personal statement of assets and liabilities.
- We may need a personal guarantee from you or someone else. Or security from your business or a guarantor.
- Enquiries will be responded to within 7 days.