• 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. We say yes to 8 out of 10 loan and overdraft applicationsǂ.

  • 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

    9.0% APR1 (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

    9.3% APR1 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

    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
  • *Applicable for existing customers of 6 months or more: instant online decisions available on overdrafts and loans up to £10k, and instant decisions available on overdrafts, loans and cards up to £25k through telephone banking.

    **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.

    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.

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

    Interest rate Overdraft term Overdraft amount Fees
    10.81% 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 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.

    Overdrafts are repayable on demand.

Mortgages

  • Commercial Mortgage

    When you’re looking for new business premises, talk to us.
    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 of England Bank Rate linked or fixed interest rate.
    Capital repayment holidays 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.
    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 of England Bank Rate linked or fixed interest rate.
    Capital repayment holidays 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

    • Loans from £25,001 to £600,000 over one to 10 years.
    • Variable or fixed rate interest terms, dependant on circumstances.
    • Flexible draw down arrangements may be available.
    • 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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  • 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.

    ǂ8 out of 10 relates to loans and overdrafts in the period November 2013 to July 2017.

    ¥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.