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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  • Invoice Finance and Asset Based Lending

    Free cash tied up against unpaid invoices with Invoice Finance, or from physical assets with Asset Based Lending.

    If your projected annual turnover is more than £50,000 per annum and you trade business-to-business on credit terms, our solutions could help you strengthen your cash flow.

    Find out more

    Get a quote for Invoice Finance

    To find out which Invoice Finance solution is best for your business, and to get an idea of costs, get an instant quote.

    Get a quoteGet a quote

    Talk to one of our specialists

    If you would like to contact us, call 0800 169 4356

    Request a call back

    Would you prefer a call back? One of our specialists will contact you at a more convenient time to discuss your needs.

  • Asset Finance

    • Funding for all types of assets from farm vehicles to plant and office equipment.
    • Competitive interest rates.
    • Response to funding requests within 24 hours.
    • A fast and efficient phone-based service.

    Find out more

    Vehicle Contract Hire

    • Competitive monthly rentals.
    • Reduced operational risk: pay a budget-friendly, fixed monthly rate.
    • Can be VAT efficient for most companies.
    • Potential to free up business capital.
    • Optional maintenance to reduce administration costs.
    • Vehicles are 'off balance sheet' and therefore not seen as a fixed asset.

    Find out more

    Request an Asset Finance Repayment Holiday

    Please download, complete electronically and email your form to AF.Moratorium@lloydsbankcf.co.uk to start your enquiry.

    Download form (PDF)
  • Commercial Mortgage

    Whether you’re moving to a bigger office or expanding to multiple locations, our Commercial Mortgage is a straightforward way to help spread the cost.

    • Apply for a minimum of £25,001 and choose a loan term from three to 25 years.
    • Borrow up to 70% of the property value and in some cases we can lend more.
    • Choose between a Bank of England bank rate linked or fixed interest rate.
    • Capital repayment holidays may be available.
    • If you wish to borrow on other terms we may still be able to help you.

    Residential Buy-to-let Mortgage

    If you would like to grow your capital and rental income, then our Residential Buy-to-let Mortgage could suit you. Property can be a big cost for many businesses so it is important to manage that investment wisely.

    • Apply for a minimum of £25,001 and choose a loan term from three to 25 years.
    • Borrow up to 70% of the property value and in some cases we can lend more.
    • Choose between a Bank of England bank rate linked or fixed interest rate.
    • Capital repayment holidays may be available.
    • If you wish to borrow on other terms we may still be able to help you.

    Find out more

  • Clean Growth Financing Initiative

    • 0% arrangement fee for Term Lending or up to 25 basis points reduction on the all in fixed rate for Asset Finance for green investment and capital expenditure.
    • Available across Term Lending (£50K min.) and Asset Finance (£25K min.)
    • Sterling lending for new/additional UK capex and investment.
    • Loan purpose must be on eligibility list (please contact us for more information).
    • Standard product terms & conditions apply.

    Clean Growth Financing Initiative

Business Overdraft

  • Make sure extra funds are there when you need them.
  • Only pay interest on the funds you use.
  • Apply for a limit that suits your business.

Find out more

Can I borrow for my business?

See how likely you are to get a Business Loan or Overdraft. View indicative interest rates and repayment details. Try different options without affecting your credit rating.

Get a quotefor a business loan

Business overdraft interest rate

Interest rate

Overdraft term

Overdraft amount

Fees

Interest rate

Tailored interest rates based on your business status.

7.66% EAR representative* (Varies with Bank of England Bank Rate) for unsecured overdrafts up to £25,000.

For all overdrafts above £25,000, and secured overdrafts, rates are available on request.

Overdraft term

Up to 12 months

Overdraft amount

£500+

Fees

Please be aware that charges apply.

You will pay an arrangement fee of up to 1.5% on the amount of your overdraft, subject to a minimum fee of £250**. Subsequent renewals will include an arrangement fee of 1%, subject to a minimum fee of £200. We will discuss full terms with you before any overdraft is taken out.

**The minimum fee is applicable in order to cover the administration cost of arranging smaller overdrafts.

Important information

EAR stands for equivalent annual rate. It is the rate you would pay if you go overdrawn to the full limit of your facility for the entire year. It takes into account the interest rate you are charged as a result and how often it’s charged – in this case interest is calculated daily and charged monthly. It then takes into account the effect of compounding – charging interest on interest – on your debt. Charges for unarranged overdrafts are charged separately.

*The representative EAR is an illustration of the rate that the majority of customers will receive. If an overdraft is described as having a particular representative EAR then we expect to offer that rate or better to at least 51% of the applicants we accept. Other customers may get a different rate based on their individual circumstances.

Our representative EAR applies to all unsecured overdrafts with a borrowing amount of up to £25,000 for businesses with a turnover from £3 million 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 or Overdraft without affecting your credit rating. View indicative interest rates and repayment details. 99% of customers who use this tool get a final offer that is the same, better or no more than 10% above their initial quote.

Get a quotefor a business loan

Dedicated finance to back your ambition

We’re committed to helping you find the right funding solutions to support your specific needs and bring your business vision to life. That’s why we have continued to approve nine out of ten business loan and overdraft applications.1.

Guided by their knowledge of your unique business circumstances, our local Relationship Managers can approve new borrowing of up to £500k and renewal lending of up to £1m2.

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.

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.

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

1 9 out of 10 is based on formal credit applications and is an average across the period January 2019 - December 2019.

2 Lending discretion of Relationship Managers varies and some applications may be referred for further credit checks. All lending is subject to a satisfactory credit assessment.

3 Capital repayment holidays available in certain circumstances only.

4 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.

5 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.

Important Legal Information

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.

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.

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.