•  

    Business Loans

    Finding the right loan can help you manage cash flow, grow your business or help you invest in new equipment or premises.

    Coronavirus government-backed lending schemes

    There are three government-backed lending schemes available to those businesses impacted by COVID-19. The Bounce Back Loan Scheme (BBLS) and the Coronavirus Business Interruption Loan Scheme (CBILS) are available to clients with a turnover of up to £45 million and for those looking to borrow between £2,000 and £5 million.

    Find out more

    Loans up to £25,000

    Borrow from £1,000 over 1 to 25 years.  Choose between fixed or variable interest rates to suit your business needs.

    Get a quoteopens in new window

    Loans above £25,000

    Borrow from £25,001 over 1 to 25 years. Choose between fixed or variable interest rates to suit your business needs.

    If your business turnover is between £0-3m please call 0345 072 5555

    If your business turnover is between £3-25m please call 0800 022 4378

    Compare Loans

    Base Rate Loan

    Description

    Fixed Rate Loan

    Linked to the Bank of England bank rate, the interest you pay will change as the bank rate changes.

    Commercial Fixed Rate Loan

    With a fixed interest rate, you can be certain of your repayment costs each month.

    Borrowing over £50,000 at a fixed interest rate you will know exactly what your monthly repayments are.1

    Base Rate Loan

    How much can I borrow?

    Fixed Rate Loan

    £1000+

    Commercial Fixed Rate Loan

    £1,000-£50,000

    £50,001+

    Base Rate Loan

    Interest Rate

    Fixed Rate Loan

    5.1% APR (variable) representative*

    Representative example: 5.1% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £150.97 at an annual interest rate of 5.0% (variable). Total amount payable £9,058.20. 

    Commercial Fixed Rate Loan

    5.1% APR (fixed) representative**

    Representative example: 5.1% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £150.97 at an annual interest rate of 5.0% (fixed). Total amount payable £9,058.20.

    Fixed

    Base Rate Loan

    How long can I borrow for?

    Fixed Rate Loan

    1-25 years

    Commercial Fixed Rate Loan

    1 - 10 years

    1 - 25 years

    *APR means annual percentage rate of interest charged against your loan which is a combination of Bank of England Base Rate (variable) and an interest margin which is fixed for the term of the loan.

    **APR means annual percentage rate of interest charged against your loan which is a combination of Fixed Rate Cost of Funds (Fixed) and an interest margin which is fixed for the term of the loan.

    The representative APR is an illustration of the highest rate that we expect to offer up to 51% of successful applicants.

    Applicants may receive a different rate of interest based on their individual circumstances

    Our representative APR applies to all unsecured loans with a borrowing amount of up to £25,000 and for businesses with a turnover of up to £25 million. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only.

    Can I borrow for my business?

    See how likely you are to get a Business Loan without affecting your credit rating. View indicative interest rates and repayment details. 99% of customers who used this tool and opened the same product received an offer rate that was the same, better or no more than 10% above their indicative quote.

    Get a quoteopens in a new window

    • Do I need to have a Business Current Account with Lloyds Bank to apply for a Business Loan?

      No, you can apply for a Business Loan without having a Business Current Account with us. If your application is successful and you do not wish to open a Business Current Account with us, we will open a fee-free Loan Servicing Account until your Business Loan is repaid. You will be given this choice during your application.

      If you are applying for any of the UK government lending schemes you must have an existing Lloyds Bank Business Current Account or Loan Servicing Account to apply, full details can be found on our government-backed lending hub.

      Can I switch my Lloyds Bank Business Current Account after taking out a Business Loan?

      Yes, you are able to switch your Business Current Account to another provider while retaining your Business Loan. If you choose to close your Business Current Account with us, we will open a fee-free Loan Servicing Account until your Business Loan is repaid. 

    See how we compare in the market

    Review alternative sources of business finance and compare products and services.

    Alternative Business Funding

    Funding Options

    FundingXchange

    Swoop

    Business Finance Guide

    Lending Initiatives

    Clean Growth Financing Initiative

    Discounted lending for green purposes through Lloyds Bank’s Clean Growth Financing Initiative

    Find out more

    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.

    Making sure you get a fair deal

    We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board.

    To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

    Important Legal information

    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.

    Use our “Rate change calculator” to work out how a change in Bank Rate could affect your loan repayments.

    1 New Commercial Fixed Rate Loans less than or equal to £1m booked after 11th July 2016 will have defined Break Costs set out in the Loan Schedule and Loan Agreement. Commercial Fixed Rate Loans booked before this date, and those >£1m can, subject to market conditions, incur a break cost which could be substantial. Your Loan Agreement will specify which type of Break Cost applies to your loan.

    *Annual Percentage Rate (APR) is the total cost of the credit expressed as an annual percentage of the total amount of credit. It represents the actual yearly cost of credit over the loan term and includes not only the interest but also any other charges you have to pay, for example, an arrangement fee. The APR will vary depending on the loan amount and term.

    Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.

    The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.

    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.