Due to the challenging times we’re all experiencing, we’re dealing with a much higher number of calls from customers than normal.

So that our colleagues can help customers most in need, some Telephone Banking services are temporarily unavailable. Find out more.

 

for a business loan

The Coronavirus Business Interruption Loan Scheme

(CBILS) is now available to support small and medium-sized businesses to access lending.

The scheme supports loans of up to £5 million, with the first 12 months interest-free.

Find out more

For loans up to £25,000

For our loans up to £25,000 it is now easy to apply.

  1. Enter your login details, which will take you to the Online for Business Homepage
  2. Select ‘Loans’ in the left hand ‘Our Products and Services’ menu
  3. Select ‘Apply for a Loan up to £25,000’
Log in and apply nowfor loans upto £25,000

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
  • 8.6% APR2 Representative5

Representative example: 8.6% APR based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £163.17 at an annual interest rate of 8.25% (variable). Total amount payable £9,790.20

Find out moreabout base rate loans

Fixed Rate Loan

  • Borrow from £1,000 to £50,000 over 1 to 10 years
  • 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

Find out moreabout fixed rate loans

Commercial Fixed Rate Loan

  • Borrow from £50,001 to £500,000 over 1 to 25 years
  • 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.

Find out moreabout commercial fixed rate loans

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.

Get a quotefor a business loan

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.

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.

Other borrowing options

Find out more about our other borrowing options

Financing for growth

The Yes Business Can entrepreneur guide has guidance on funding options from a variety of experts.

Rate change calculator


The current Bank of England bank rate with effect from 19 March 2020: 0.10%.

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 September 2018 - September 2019. 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

Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500

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.

We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk