Financial support for your next step

Whether you need cash to solve an unexpected problem or to make the most of an opportunity, we’re here to help. That’s why we approve 8 out of 10 loan and overdraft applications5.

Compare all of our loan options...

Type of loan

Interest rate

Loan term

Loan amount

Key features

 

Base Rate Loan

9.0% APR2 (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 arrangement fees for loans up to £25,000
  • No early repayment costs
  • Interest rate varies with Bank of England Bank Rate
  • Loans available on a secured or unsecured basis

Find out more

Fixed Rate Loan3

9.3% APR2 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

  • No arrangement fees for loans up to £25,000
  • Fixed monthly repayments
  • No early repayment costs
  • Loans available on a secured or unsecured basis

Find out more

Commercial Fixed Rate Loan3

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

1 to 25 years

£50,001 - £500,000

  • Fixed monthly repayments
  • Borrow on a secured or unsecured basis
  • Break Costs will apply – these will be 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.

  • Capital repayment holidays4

Find out more

Interest rate

9.0% APR2 (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

  • No arrangement fees for loans up to £25,000
  • No early repayment costs
  • Interest rate varies with Bank of England Bank Rate
  • Loans available on a secured or unsecured basis

Interest rate

9.3% APR2 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

  • No arrangement fees for loans up to £25,000
  • Fixed monthly repayments
  • No early repayment costs
  • Loans available on a secured or unsecured basis

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 - £500,000

Key features

  • Fixed monthly repayments
  • Borrow on a secured or unsecured basis
  • Break Costs will apply – these will be 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.

  • Capital repayment holidays4

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.

To find out your tailored rate for any of our loans:

Existing customers looking to borrow up to £10,000

For our loans up to £10,000 it is now easy to apply. Simply logon and click on ‘Business Loans up to £10,000’ in the right hand menu.

Log on and Apply nowfor a loan

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.

Enquire onlineabout our loans

Alternatively, if you would prefer to talk to our business management team call us on 0345 072 5555Call telephone number 0345 072 5555.. Lines open 7am to 8pm Monday to Friday and 9am to 2pm on Saturday, except on UK bank holidays.’


The current Bank of England bank rate with effect from 2 November 2017.

  • Current Bank of England bank rate: 0.50%

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

11.09% EAR representative* (Varies with Bank of England Bank Rate) for unsecured overdrafts up to £25,000.

For all other overdraft amounts, and secured overdrafts, rates will be discussed on application.

Up to 12 months

£500+

Please be aware that charges apply.

You will pay an arrangement fee of up to 1.5% on your overdraft, which is related to the amount you borrow. We will also discuss the terms with you before any overdraft is taken out. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5% The same charges apply for limit increases and facility renewals.

11.09% EAR representative* (Varies with Bank of England Bank Rate) for unsecured overdrafts up to £25,000.

For all other overdraft amounts, and secured overdrafts, rates will be discussed on application.

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 your overdraft, which is related to the amount you borrow. We will also discuss the terms with you before any overdraft is taken out. To cover our administration costs for smaller facilities, there will be a minimum scale charge of between £100 and £250 resulting in the overall charge being more than 1.5% The same charges apply for limit increases and facility renewals.

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

Invoice Finance

If your business customers trade on credit terms and invoice in arrears, our two Invoice Finance solutions, Factoring and Invoice Discounting, can help you:

  • We boost cash for your business by releasing up to 90% of an invoice’s value typically 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

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

Asset finance is a way to purchase assets without taking out a conventional loan. It allows you to spread payments over an agreed term and so avoid making big one-off payments for the extra machinery or equipment your business might need to grow.

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.

Find out moreabout Vehicle Contract Hire

Commercial Mortgage

  • 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. In some cases we can lend more.
  • Choose between a bank rate linked or fixed interest rate.
  • Capital repayment holidays of up to two years may be available on bank rate linked mortgages.
  • 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

  • Mortgages start from £25,001.
  • Choose a mortgage term from three to 25 years.
  • Borrow up to 70% of the property value and in some cases we can lend more.
  • Bank rate linked and fixed rates available.
  • A capital repayment holiday may be available for up to 12 months (to be taken at the start of the loan).

Find out moreabout the Residential Buy-to-let Mortgage

Enterprise Finance Guarantee

  • Borrow from £25,001 to £600,000 over one to 10 years, or £600,001 to £1,200,000 over one to five years.
  • Variable or fixed rate interest terms, dependant on circumstances.
  • Early repayment charge may be payable if a fixed rate loan is fully or partly repaid early.
  • 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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Financing for growth

Is your business ready for growth? Read our guide to support your decision making and discover available funding options.