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Loans to boost your business
Flexible business lending to expand, invest and thrive.
- Fuel your growth with flexible funding from just £1,000.
- Get an instant decision on loans up to £50,000.
- Choose your business repayment term - starting from one year.
What type of Business Loan is right for you?
Why get a business loan from us?
See how borrowing could work for you
Get a quote to see what you could borrow without affecting your credit rating. Quotes include indicative interest rates and repayment details for loans up to £25,000.
99% of customers who used this tool and chose the same product received an offer rate that was the same, better, or no more than 10% above their indicative quote.
How we've helped businesses like yours
The humble potato never tasted so good
Read how Colwith Farm distillery are producing award-winning vodka and gin in their distillery built with our funding.
Cavan Bakery’s fortune’s rise with new premises
Find out how family-run Cavan Bakery has significantly expanded their operations with the support of a £1.5 million funding package.
Frequently asked questions
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Yes, we are lending to businesses of all sizes. We are a responsible lender so not all loan and overdraft applications will be successful. However, we may be able to support your business with other finance options and guidance to other sources of funding or government-backed schemes.
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Security for loans isn’t always necessary or needed. We'll only seek security where appropriate, on a case-by-case basis, reflecting risk and type of facility. We can also support your ambitions through government-led schemes, which are suitable for a range of different circumstances.
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It depends on the circumstances of each business. We review each business on a case-by-case basis and assess their overall risk profile. We may be able to offer funding with certain terms or alternative sources of finance. The key thing is not to be deterred from trying if that’s what your business needs to grow.
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During the application process, we'll request your permission to carry out a credit assessment. Unless your credit history shows multiple applications, your credit rating shouldn’t significantly deteriorate. Lenders are likely to see occasional enquiries as part of a typical business process. If we do decline your application, we can discuss alternative finance options or refer you to our appeals process.
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Yes, you can repay your variable rate loan early and you won’t have to pay an early repayment fee. If you have a fixed rate loan, you may have to pay an additional fee if you pay off the balance before the end of the term.
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When you start repaying your business loan depends on what you agreed with us. You’re usually expected to make monthly repayments on a regular basis until the loan is paid off.
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You can apply for a Lloyds Bank Business Loan without having a Business Current Account with us. If your application is successful and you don’t want to open a Business Current Account with us, we’ll open a Loan Servicing Account for you, which has no day-to-day fees or charges, until you’ve repaid your loan. You’ll be given this choice during your application.
We offer the government-backed Recovery Loan Scheme to existing Lloyds Bank business customers and some businesses that don’t bank with us. If you have a primary business banking relationship with another provider, please speak to them for support first.
Lending appeals
The right type of funding can play a vital role in helping your business reach its potential. If your lending application is declined, we will work with the British Bankers’ Association to pursue any raised appeals.
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.
All lending is subject to status. Security may be required.