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 eight out of ten business loan and overdraft applications1.

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.

Our pledge is to help you achieve your growth ambitions and no other bank has increased their lending more to Britain’s Small to Medium sized Enterprises3, helping turn ambition into action across the UK.

Compare our loan options:

Type of loan

Interest rate

Loan term

Loan amount

Key features / Important information

 

Base Rate Loan

9.0% APR4 (variable) representative*

Representative example: 9.0% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £164.71 at an annual interest rate of 8.65% (variable). Total amount payable £9,882.60

1 to 25 years

£1,000+

  • No early repayment costs
  • Interest rate varies with Bank of England Bank Rate
  • Loans available on a secured or unsecured basis
  • Capital repayment holidays5

Find out moreabout the Base Rate Loan

Fixed Rate Loan

9.3% APR4 representative*

Representative example: 9.3% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £165.68 at an annual interest rate of 8.90% (fixed). Total amount payable £9,940.80

1 to 10 years

£1,000 - £50,000

  • Fixed monthly repayments
  • No early repayment costs
  • Loans available on a secured or unsecured basis
  • Capital repayment holidays5

Find out moreabout the Fixed Rate Loan

Capped Base Rate Loan6

Varies with Bank of England Bank Rate

5 to 25 years

£50,001 - £1,000,000

  • The variable rate payable will not go above a maximum level or “Capped Rate” during the 5 year Capped Rate Period
  • Below the capped rate the rate will fluctuate with Bank Rate
  • Borrow on a secured or unsecured basis
  • Break Costs payable on early repayment
  • Capital repayment holidays5
  • Break Costs are defined at the outset of your loan, giving you certainty around the costs involved should you decide to repay early during the capped rate period.

Find out moreabout the Capped Base Rate Loan

Commercial Fixed Rate Loan7

Can be Fixed for periods from 1 year to the full term of the loan

1 to 25 years

£50,001+

  • Fixed monthly repayments
  • Borrow on a secured or unsecured basis
  • Break Costs payable on early repayment
  • Capital repayment holidays5
  • For Commercial Fixed Rate Loans (CFRLs) of <£1m, Break Costs are defined at the outset of your loan, giving you certainty around the costs involved should you decide to repay early during the fixed rate period.

    For CFRLs >£1m, Break Costs, which are dependant on market conditions, may be payable if a fixed rate loan is fully or partly repaid early and these can be substantial7.

Find out moreabout the Commercial Fixed Rate Loan

Interest rate

9.0% APR4 (variable) representative*

Representative example: 9.0% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £164.71 at an annual interest rate of 8.65% (variable). Total amount payable £9,882.60

Loan term

1 to 25 years

Loan amount

£1,000+

Key features / Important information

  • No early repayment costs
  • Interest rate varies with Bank of England Bank Rate
  • Loans available on a secured or unsecured basis
  • Capital repayment holidays5

Interest rate

9.3% APR4 representative*

Representative example: 9.3% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £165.68 at an annual interest rate of 8.90% (fixed). Total amount payable £9,940.80

Loan term

1 to 10 years

Loan amount

£1,000 - £50,000

Key features / Important information

  • Fixed monthly repayments
  • No early repayment costs
  • Loans available on a secured or unsecured basis
  • Capital repayment holidays5

Interest rate

Varies with Bank of England Bank Rate

Loan term

5 to 25 years

Loan amount

£50,001 - £1,000,000

Key features / Important information

  • The variable rate payable will not go above a maximum level or “Capped Rate” during the 5 year Capped Rate Period
  • Below the capped rate the rate will fluctuate with Bank Rate
  • Borrow on a secured or unsecured basis
  • Break Costs payable on early repayment
  • Capital repayment holidays5
  • Break Costs are defined at the outset of your loan, giving you certainty around the costs involved should you decide to repay early during the capped rate period.

Interest rate

Can be Fixed for periods from 1 year to the full term of the loan

Loan term

1 to 25 years

Loan amount

£50,001+

Key features / Important information

  • Fixed monthly repayments
  • Borrow on a secured or unsecured basis
  • Break Costs payable on early repayment
  • Capital repayment holidays5
  • For Commercial Fixed Rate Loans (CFRLs) of <£1m, Break Costs are defined at the outset of your loan, giving you certainty around the costs involved should you decide to repay early during the fixed rate period.

    For CFRLs >£1m, Break Costs, which are dependant on market conditions, may be payable if a fixed rate loan is fully or partly repaid early and these can be substantial7.

*The representative APR is an illustration of the rate that the majority of customers will receive. If a loan is described as having a particular representative APR, 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 APR applies to all unsecured loans with a borrowing amount of up to £25,000 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.

Enquire for any of our loans

Enquire online

Completing our online enquiry form takes about 10 minutes. Once we receive your information, we'll contact you to discuss your business needs in more detail.

Enquire onlineabout our loans

On the phone

Alternatively, if you would prefer to talk to one of our relationship managers you can call us from 9am to 5pm Monday to Friday.

0800 022 4378Call telephone number 0800 022 4378

The Bank of England Bank Rate is the official Bank Rate set by the Bank of England which can affect interest rates offered by Banks, Building Societies and other financial institutions. By changing the official Bank Rate, the Bank of England seeks to influence overall borrowing in the economy.

The Bank Rate has been consistently low for a number of years. However as the UK economy improves, the Bank of England is likely to increase the official Bank Rate.

The current Bank of England Bank Rate is 0.50% (effective from 2 November 2017).

Changes in the Bank Rate could affect payments on any accounts you may hold with us, such as loans, overdrafts, commercial mortgages or deposits.

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 moreabout the Business Overdraft

Interest rate

Overdraft term

Overdraft amount

Fees

Tailored interest rates based on your business status.

8.08% 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.

Up to 12 months

£500+

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.

Tailored interest rates based on your business status.

8.08% 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 £1million up to £25 million. This figure is not necessarily the rate you will be receiving and is for illustrative purposes only.

Invoice Finance

If your customers trade on credit terms or invoice in arrears, our three Invoice Finance solutions, Factoring, Invoice Discounting and Asset Based Lending can help you:

  • We can release up to 90% of an invoice’s value within 24 hours, this can save you up to 60, 90 or even 120 days compared to your standard payment terms, freeing up cash more quickly to fuel your growth.
  • Tailor Invoice Finance to suit your growing business needs as your turnover increases giving you access to greater amounts of funding.

Find out more

Factoring

Free up the cash tied up in invoices if your business has an annual turnover of £50,000 or more. As part of the service, we can help you manage your sales ledger and support your credit control processes by providing:

  • Client statements on a monthly basis
  • Debtor payment reconciliation

You won’t need to make any awkward calls to customers to chase payment, if you choose we can sensitively and professionally handle your credit control.

Find out more

Invoice Discounting

Release the cash tied up in invoices, if your business has an annual turnover of £250,000 or more.

Invoice Discounting is a fully confidential finance solution to help free up working capital sooner allowing you to maintain full control of your sales ledger management tasks such as debtor reconciliation and monthly debtor statements.

Your customers will not know you are using the service and you’ll continue to handle all sales ledger administration.

Find out more

Asset Based Lending

Fast access to the cash tied up in invoices and other existing asset, if your business has an annual turnover of £10m or more.

Asset Based Lending can help grow your business by unlocking cash tied up in your assets.

It works alongside Invoice Discounting to release further working capital tied up in physical assets such as existing plant and machinery, property and stock.

Find out more

Whether you’re planning to expand or need to deal with day-to-day cash flow, we’re here to help. Our Invoice Finance options mean you can release up to 90% of the value of your invoices, typically within 24 hours.

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 moreabout Asset Finance

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 moreabout Vehicle Contract Hire

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.

  • Interest rate reduced by 1% as part of the Lloyds Bank Funding for Lending Scheme.
  • 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.

Highly Commended - Moneyfacts Best Commercial Mortgage Provider 2015

Find out moreabout the Commercial Mortgage

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 moreabout the Residential Buy-to-let Mortgage

Enterprise Finance Guarantee

  • Loans from £25,001 to £600,000 over one to 10 years or,
  • Loans from £600,001 to £1,2 million over one to 5 years.
  • Variable or fixed rate1 interest terms, dependant on circumstances.
  • Flexible draw down arrangements.
  • Benefit from capital repayment holidays, available in certain circumstances.
  • To apply for Enterprise Finance Guarantee, your business's turnover must not exceed £41 million.

Find out moreabout the Enterprise Finance Guarantee Scheme

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Choosing the right finance

Not sure what funding options best suit your needs? Find out what the right finance options are for your business.

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Invoice Financing

Improve your cashflow options. Whether you’re planning to expand or need to deal with day-to-day cashflow, we’re here to help. Our invoice Finance options mean you can release up to 90% of the value of your invoices, typically within 24 hours.

Find out more about Invoice Financing