Why are we raising our fees for our small business loans?

We have always been committed to supporting small businesses with accessible, affordable funding. We know that every penny counts when you’re running a business, and that’s why we’ve kept our one-off completion fee at 3.5% for the last five years, despite rising operational costs, inflation, and changes in the financial landscape.

However, as of 1 April 2025, our completion fee will increase from 3.5% to 4% for all new Small Business Loans. We want to be completely transparent about why this is happening and what it means for you.

Over the past five years, we’ve absorbed the rising costs associated with delivering high-quality financial solutions. Unlike high-street banks, we offer flexible, tailored funding to businesses that may not have access to traditional finance. We also provide ongoing guidance and support to help our clients succeed.

This 0.5% increase will help us:

✅ Continue providing fair and responsible lending – Ensuring we can fund more small businesses with competitive terms.

✅ Maintain our high level of service – Keeping our expert team available to support you at every stage of your loan application and business journey.

✅ Keep our loans as accessible as possible – Unlike many alternative finance providers, we keep our costs transparent, with no hidden fees or surprise charges.

We understand that even a small increase can make a difference, which is why we give you the flexibility to manage your fees in a way that suits your business best.

• Option 1: Roll the fee into your loan – This means you won’t need to pay anything upfront, and the fee is included in the total loan amount.
• Option 2: Deduct the fee from the loan – If you’d prefer, the completion fee can be taken from your loan before funds are transferred to you.

This ensures you remain in control of how your loan is structured and how you manage your finances.

If you’re applying for a Start Up Loan, this change does not affect you. Start Up Loans will remain completely fee-free.

While some lenders increase fees without warning, we believe in transparency and fairness. Even with this change, our fees and interest rates remain highly competitive compared to other alternative finance providers and online lenders.

More importantly, our dedicated support, personalised service, and straightforward lending approach remain as strong as ever. Whether you’re looking to expand, invest in new equipment, or manage cash flow, we’re here to help.

If you’re considering a small business loan, there’s still time to secure funding before the new fee structure comes into effect. Submit your application before 31 March 2025 to take advantage of the current 3.5% fee.

Important update: Our interest rates will also rise on 1 April 2025 alongside the completion fee increase. If you're considering a small business loan, applying before 31 March 2025 allows you to secure funding at the current rates.

Got questions? Our team is happy to discuss how this change affects you and help you find the best financing option Contact us today.