Highlights
- Borrow from £30,000 up to £10m
- A fixed interest rate for up to 5 years
- You can choose to pay interest monthly or quarterly
If you pay back a fixed rate loan early, you might be required to pay an early repayment charge.
Looking for a longer term option?
With a Fixed Rate loan, there’s an option to borrow money for up to 20 years in total. At the end of your initial fixed rate period (max 5 years), you’ll be moved to a Base Rate Loan for the remainder of your term.
Frequently Asked Questions
With a Fixed Rate Loan your repayment amount stays the same during your fixed rate period. This way you know exactly how much you will be paying and it can help you manage your business' outgoings more easily.
We will agree your repayment amount and the length of your fixed rate period before you take out the loan.
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.