Small Business Loans, at a glance

Our Small Business Loans are designed for established businesses that are already trading and ready to take their next step.

You can use this funding to build momentum in your business, including:

• - Supporting growth plans
• - Managing cashflow with confidence
• - Replacing higher cost short term finance

With a Small Business Loan, you could:

• - Borrow up to £250,000
• - Spread repayments over a fixed term of up to 5 years
• - Access a clear, transparent rate of 14% over the Bank of England base rate
• - Pay a one off arrangement fee of 4.5%

In most cases, director personal guarantees will be required.

What this looks like in practice

For a Small Business Loan of £75,000 over 5 years:

• - 60 monthly payments of £1,863.94
• - One of arrangement fee of £3,375.00
• - Total amount repayable of £115,211.40

Is this the right fit for your business today

This finance is best suited to businesses that are trading, generating income and able to comfortably support these repayments.

If that sounds like your position, you are in the right place.

Just starting out or earlier in your journey?

If your business has traded for less than 5 years Start Up Loan may be a better place to begin.

Start Up Loans offer:

• - £500 to £25,000 per person, up to £100,000 per business
• - A fixed interest rate of 7.5%
• - No arrangement fee
• - 12 months of mentoring support

Starting in the right place gives you clearer answers and helps you move forward sooner.