LOANS & FINANCE
Financial backing to nurture your ambitions
Your circumstances are unique and we’re dedicated to providing funding that suits your ambitions. Often, you’ll want to make the most of an immediate opportunity, which is why we provide same day1 decisions on loan and overdraft applications.
We provide a range of suitable banking products to support your growth and day-to-day operations, and approve eight out of ten loan and overdraft applications.2
We work closely with you whatever your funding need – whether it’s a new office building or the equipment that goes in it.
Our finance selector tool is a convenient way to help you decide which of our loans and finance options could be right for your business.
We have reduced the interest rate by 1% on all approved business loan, commercial mortgage and hire purchase applications received after the 10th September 2012.
The full £25m of grant funding has now been successfully allocated through the Assisted Asset Purchase Scheme, consequently; this product is no longer available.
Asset finance is a way to purchase assets without taking out a conventional loan. It allows you to spread payments over an agreed term and so avoid making big one-off payments for the extra machinery or equipment your business might need to grow.
Any property given as security, which may include your home, may be repossessed if you do not keep up repayments on your mortgage or other debts secured on it.
All lending is subject to a satisfactory credit assessment and we will need your permission to carry out a credit check on you and your business.
You should not apply for an amount that you cannot comfortably afford to repay now and in the future to avoid the possibility of legal action.
1 Applicable for existing customers of 12 months or more: instant online decisions available on overdrafts; instant online approvals in principle for loans; and same day decisions available on loans; cards and overdrafts through telephone banking. Subject to status.
2 8 out of 10 relates to period April 2012 to November 2014.
3 There is always a possibility that interest rates may go down leaving a fixed rate loan at a higher level compared to a variable rate loan. However, if interest rates rise, a fixed rate loan will remain at the same level.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
We subscribe to The Lending Code; copies of the Code can be obtained from www.lendingstandardsboard.org.uk.
Lloyds Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service. (Please note that due to the schemes’ eligibility criteria not all Lloyds Bank business customers will be covered by these schemes).