• Base Rate Loan

    Flexible finance to match your business needs.

    With loan amounts that start at just £1,000, our base rate loan can be tailored to meet your long or short term financial needs. Your loan is linked to the Bank of England bank rate so the interest rate that you pay will change as the Bank Rate changes.

    Key Features

    • Get a quote online in minutes (your credit rating will not be affected).
    • 9.0% APR1 (variable) representative*
    • No arrangement fees for loans up to £25,000
    • Borrow from as little as £1000
    • Choose a term to suit your business needs
    • No early repayment costs
    • Interest rate varies with Bank of England Bank Rate
    • Loans available on a secured or unsecured basis

    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

    *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.

    apply online now

    Get a quote online in minutes (Will not affect your credit rating)

    Or, you can apply by calling:

    Existing customers
    0345 300 0268

    New customers
    0345 606 0286

    Please view our finance application checklist before you apply.

  • Rates and Charges
  • Arranging your loan
  • How to apply

Rates and Charges

  • For loans above £25,000 an arrangement fee will apply and is related to the amount you choose to borrow. These terms will be discussed with you before you take out the loan.

    Amount of borrowing Arrangement fee
    Up to £25,000 £0
    £25,001 + 1.5%

Arranging your loan

  • Talk to us about your plans and we’ll let you know how much we may be able to lend you. We’ll agree interest rates with you and let you know if we need security on your borrowing. We’ll also discuss all terms and conditions with you before you take out your loan.

    If your financing needs are more complex, we may have an alternative product that may suit your needs better.

How to apply

  • Apply online

    For our loans up to £10,000 and terms under five years, it is now quick and easy to apply. If eligible, you’ll get an approval in principal decision in minutes.

    Log in and apply now

    Get a quote online in minutes (Will not affect your credit rating)

    Apply by phone

    Existing customers
    0345 300 0268

    New customers
    0345 606 0286

    When you apply

    You will need to confirm that:

    • You are a sole trader, or a partner or director of the business
    • You are over the age of 18
    • The finance you wish to secure is for business use only

    You’ll also need to have the following information to hand:

    • The amount of money you would like to borrow
    • The reason you want to borrow the money
    • How long you wish to take to repay the money

    Please view our finance application checklist before you apply

  • 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.

    Overdrafts are repayable on demand.

  • 1Annual 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.

  • Can I borrow for my business?

    Coins

    See how likely you are to get a Business Loan or Overdraft without affecting your credit rating. View indicative interest rates and repayment details. 100% of customers who use this tool get a final offer that is the same, better or no more than 10% above their initial quote.

    Get a quote

  • Apply online

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    For our loans up to £10,000 and terms under five years, it is now quick and easy to apply. If eligible, you’ll get an approval in principal decision in minutes.

    Log in and apply now

    Call us to talk to one of our business management team:

    Existing customers
    0345 300 0268

    New customers
    0345 606 0286

    Please view our finance application checklist before you apply.

  • Contact us

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    Existing customers
    0345 300 0268

    New customers
    0345 300 1319

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    More information

  • Loan calculator

    Calculator

    Calculate monthly repayments with our easy to use tool.

    Launch calculator

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  • Making sure you get a fair deal

    We want 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.

    Download the statement of responsibilities