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.

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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.

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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

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Base Rate Loan


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.

Capped Base Rate Loan

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

Linked to the Bank of England bank rate, but capped at a maximum monthly amount for 5 years, providing certainty of a known maximum monthly payment.2

Base Rate Loan

How much can I borrow?

Fixed Rate Loan


Commercial Fixed Rate Loan


Capped Base Rate Loan



Base Rate Loan

Interest Rate

Fixed Rate Loan

Variable, 5.1% APR*

Commercial Fixed Rate Loan

Fixed, 5.1% APR*

Capped Base Rate Loan



Base Rate Loan

How long can I borrow for?

Fixed Rate Loan

1-25 years

Commercial Fixed Rate Loan

1 - 10 years

Capped Base Rate Loan

1 - 25 years

5 - 25 years

Can I borrow for my business?

See how likely you are to get a Business Loan of up to £25,000. View indicative interest rates and repayment details. Try different options without affecting your credit rating.

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See how we compare in the market

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

Alternative Business Funding

Funding Options



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


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.

2 A Capped Base Rate loan is a variable rate loan where the Total Interest Rate payable will not go above a maximum level or “Capped Rate” during the Capped Rate Period. The Capped Rate Period is five (5) years, and this may be equal to or less than the full term of the 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.