• Got an idea to move your business forward?

    Whatever direction you decide to take your business we can support you in finding the right lending solution.

  • Business loans
  • Overdrafts
  • Mortgages
  • Lending schemes
  • Other finance options
  • Interest rate

Business loans

  • Compare our loan options:

      Base Rate Loan Fixed Rate Loan¥ Commercial Fixed Rate Loan¥
    Interest Rate Varies with Bank of England bank rate Fixed rate for full term of the loan Can be Fixed for periods from 1 year to the full term of the loan
    Loan Term 1 to 25 years 1 to 10 years 1 to 25 years
    Loan Amount £1,000+ £1,000 - £50,000 £50,001+
      Find out more Find out more Find out more

Overdrafts

  • 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

Mortgages

  • Commercial Mortgage

    When you’re looking for new business premises, talk to us. Our commercial mortgages are discounted through the Funding for Lending scheme.
    Interest rate reduced by 1% as part of the Bank of Scotland 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 rate linked or fixed interest rate.
    Capital repayment holidays of up to two years may be available.
    If you wish to borrow on other terms we may still be able to help you.

    Find out more

  • Residential Buy-to-let Mortgage

    If you'd like to grow your capital or rental income by extending your property portfolio, talk to us about our buy-to-let mortgages.
    Interest rate reduced by 1% as part of the Bank of Scotland 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 rate linked or fixed interest rate.
    Capital repayment holidays for up to two years may be available.
    If you wish to borrow on other terms we may still be able to help you.

    Find out more

Lending schemes

  • Enterprise Finance

    • Guarantee Reduce your interest rate by 1% as part of the Bank of Scotland Funding for Lending Scheme.
    • 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.
    • Early repayment charge may be payable if a fixed rate loan1 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 more

Other finance options

  • Asset Finance

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

  • Invoice Financing

    • Receive up to 90% of the value of unpaid invoices, typically within 24 hours.
    • Pay suppliers without having to wait to receive payment from your customers.
    • Fund growth with less risk by borrowing an amount that can increase as your turnover grows.
    • Use business assets to finance growth.

    Find out more

Interest rate

  • 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 0.25% (effective from 4 August 2016).

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

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

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  • Choosing the right finance

    Calculator

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

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  • Loan calculator

    Calculator

    Calculate monthly repayments with our easy to use tool.

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  • 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.

  • *8 out of 10 relates to loans and overdrafts in the period November 2013 to March 2016‎.

    ¥ There 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.