• 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

    • Borrow from as little as £1,000.
    • Interest rate varies with Bank of England bank rate.
    • Loans available on a secured or unsecured basis.
    • For loan amounts over £1m, a part amortising option may be available.

    You can apply by calling 0345 300 0268

  • Features and benefits
  • Arranging your loan
  • How to apply

Features and benefits

    • Borrow from as little as £1,000.
    • 1-25 year terms available.
    • Interest rate varies with Bank of England bank rate.
    • Capital repayment holidays may be available.
    • Security may be required.
    • If you wish to borrow on other terms we may still be able to help you.
    • An arrangement fee will apply, up to 1.5%* and dependent on the amount you borrow.

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

  • By phone

    Call 0345 300 0268.

    When you apply
    You’ll 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.

  • *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. 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%.

  • 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.

  • Contact us

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    Existing customers
    0345 300 0268

    New customers
    0345 606 0286

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    More information

  • Finance selector

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    A useful tool to help you find out which of our finance options may be right for your business.

    Launch selector

  • Loan calculator


    Calculate monthly repayments with our easy to use tool.

    Launch calculator

  • Case studies


    Read about how we've helped other businesses just like yours

    Read case studies