Loans

Because every business is unique, we've developed different types of loan to suit your needs.

Business Loan
A highly flexible loan with no maximum or minimum amount. Available between 1 and 20 years, loans can be arranged for almost any purpose

Find out more about a Business Loan

Discounted Business Loan
Initial discount period of 6 months offers attractive low-start repayments. Borrow £5,000 - £100,000 and repay between 2 - 10 years

Find out more about a Discounted Business Loan

Business Banking Offset

You can link your Business Banking Offset Term Loan to your Business Banking Offset Current Account and your business could save thousands in interest. Enabling you to either pay off your loan earlier or reduce your monthly loan repayments.

Business Banking Offset Term Loan

You can borrow any amount over £25,001 and have the option to pay over a 25 year term. Interest rates and arrangement fees will depend on circumstances.

How it works

Instead of receiving interest on your Business Banking Offset Current Account, the equivalent amount of interest earned is used to reduce the amount of interest payable on your Business Banking OffsetTerm Loan.

You choose how you want your business wants to benefit:

• Term Reduction – you could reduce your business loan term by using the notional interest earned on your Business Banking Offset Current Account to lower the interest on your loan  Your monthly payments would stay the same but you will pay your loan off early.
• Payment Reduction - helps you improve your finances by allowing you to use the notional interest earned on your Business Banking Offset Current Account to reduce your monthly payments. The loan however will need to run for the full term.

Further benefits of Business Banking Offset:

• Interest is notionally calculated (currently 5.12% AER/5.00% p.a. gross variable) on all credit balances up to an amount of the linked borrowings.
• You can get the full benefits of offsetting by linking more than one Business Banking Offset Current account to a single loan.
• Your cash is never tied up because you can draw some or all of the funds from your current account without notice.
• Loan payment can be secured through fixed rates.

Lending criteria

You can take a loan for any amount from £25,001, which can be paid over a maximum 25 year term using capital and interest or interest only with capital moratorium of up to 5 years repayment. Interest rates and arrangement fees will depend on your circumstances.

Think carefully before securing other debts  against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

The information applies to non-regulated business only.