
Small business loans
Flexible loans from £1,000 to £50,000 for small businesses and sole traders.
Log on and enquireWhy choose us for a small business loan?
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11.8% APR (variable or fixed) representative based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £174.74 at an annual interest rate of 11.20% (fixed). Total amount payable £10,484.40.
APR means annual percentage rate of interest charged against your loan which is a combination of Bank of England Bank Rate (variable) or Fixed Rate Cost of Funds (fixed) and an interest margin which is fixed for the term of the loan.
Applicable to Base Rate Loans only:
11.8% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £174.74 at an annual interest rate of 11.20% (variable). Total amount payable £10,484.40.
APR means annual percentage rate of interest charged against your loan which is a combination of Bank of England Bank Rate (variable) 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.
There is always the 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 rate.
Is your business eligible?
To apply for a business loan online, you must:
- Be at least 18 years old
- Need to borrow £1,000 to £50,000
- Need the money for business, not personal reasons
- Be a sole trader, partner or director and authorised to borrow on behalf of your business.

What we need to know

To help us assess your application properly, there are a few things we’ll need from you:
- Proof that your business can make the repayments on time.
- Details of any other business loans or finance you have.
- A Guarantee if you’re a Limited Company or Limited Liability Partnership.
- Permission to carry out a credit check.
How the application process works
Need to borrow more than £50,000?
How a loan helped Rebellion Beer become more sustainable
Find out how a small business loan helped a Buckinghamshire brewery meet their sustainability goals and reduce costs.
Small business loans explained
To help you choose the right type of loan for your business, here’s a guide to the key differences between them.

New to Lloyds Bank?
FAQs
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We’ve made our application process as straightforward as possible as possible because we understand the time pressures facing business owners. Find out more about how to get a business loan.
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A lack of credit history isn’t necessarily a problem. Credit history is just one aspect of what we consider when assessing a loan or overdraft application.
If you’re a start-up, getting the right finance is key to getting your new venture off the ground. Our guide to financing a start-up covers the essentials to give you the best chance of success.
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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 give you a fee-free 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.
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Yes, you can switch your Business Current Account to another provider and keep your Lloyds Bank business loan. If you choose to close the Business Current Account you hold with us, we’ll give you a fee-free Loan Servicing Account until you’ve repaid your loan.
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When you apply for a business loan of up to £50,000, we may ask you for:
- Proof of any other existing finance.
- Details of assets you could use as security, including the estimated value of your business.
- A profile of your business including the experience and track record of its owners and management team.
- Documents showing how much money you and/or the management team have personally invested in the business.
Depending on the specific details of the loan you apply for, we may also ask you for:
- Details of business assets and liabilities
- Historic financial accounts
- Management accounts
- A business plan covering the borrowing term
- Cashflow forecast covering the borrowing term.
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We process your business loan application as quickly as possible. Funds should be in your account within 48 hours of your application getting approved.
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.

Important Legal Information
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.
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.
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.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.
Authorisation can be checked on the Financial Services Register at www.fca.org.uk under the Firm Registration Number 119278.