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Business Loans
We approve 9 out of 10 business loans and overdrafts. Our customers can get an instant online decision on an application up to £10,000*
Can I borrow for my business?
See how likely you are to get a Business Loan without affecting your credit rating. View 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 quote.
Base Rate Loan
- Borrow from £1,000 over 1 to 25 years
- Interest rate varies with Bank of England Bank Rate
- No arrangement fees on loans up to £25,000
- No early repayment costs
- 9.3% APR2 Representative5
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% (variable). Total amount payable £9,940.80
Fixed Rate Loan3
- Borrow from £1,000 to £50,000 over 1 to 10 years
- Fixed monthly repayments
- No arrangement fees on loans up to £25,000
- No early repayment costs
- 9.3% APR2 Representative5
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
Commercial Fixed Rate Loan3
- Borrow from £50,001 to £500,000 over 1 to 25 years
- Fixed monthly repayments
- An arrangement fee will apply and is related to the amount you borrow
- Capital repayment holidays4
- Interest rate can be fixed from 1 year to the full term of the loan
Any early payment made during the fixed rate period will incur a defined break cost. Break Costs are defined at the outset of your loan, giving you certainty around the costs involved.
Get a business loan quote and apply in minutes:
Existing customers looking to borrow up to £10,000
For our loans up to £10,000 it is now easy to apply. Simply log on and click on ‘Business Loans up to £10,000’ in the right hand menu.
Looking to borrow over £10,000 or new customers
If you are looking to borrow over £10,000 or are a new customer complete our online enquiry form and we’ll contact you to discuss your business needs.
Alternatively, if you would prefer to talk to our business management team call us on 0345 072 5555
Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.
Other borrowing options
A business overdraft can help ensure that you have funds in place and available immediately should the unexpected happen.
Our Business Credit Card could improve your business’s cash flow and provides a useful tool to pay for everyday expenses.
Property can be a big cost for many businesses so it is important to manage that investment wisely.
Strengthen your working capital and support your growth plans.
Financing for growth
Is your business ready for growth? Read our guide to support your decision making and discover available funding options.
Rate change calculator
The current Bank of England bank rate with effect from 2 August 2018: 0.75%
Use our “Rate change calculator” to work out how a change could affect your loan repayments.
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.
*Applicable for existing customers of 6 months or more: instant online decisions available on overdrafts and loans up to £10k.
*9 out of 10 is based on formal credit applications and is an average across the period January 2017 - December 2017. Instant online decisions is applicable for existing customers of 6 months or more: available on overdrafts and loans up to £10k.
2Annual 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.
3There is always a 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 level.
4Capital repayment holidays available in certain circumstances only.
5The 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.
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.
Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Telephone: 020 7626 1500.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
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.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk
Contact usContact us
New customers
If you would like to find out more about our products and services, please call us on
0800 056 0056
Existing customers
If you have a business account with us, and would like to talk to a member of our business management team, please call
0345 072 5555