Start up loans

Turn a great idea into a thriving business

Our Small Business Loan could be ideal for start ups. It gives you the flexibility you need to get your new business off to a great start.

Small Business Loan at a glance:

  • Simple business loan at a fixed rate of interest
  • Borrow from £1,000 to £50,000 over 1 to 7 years, subject to approval and status
  • Up to 10 year terms may be available on request
  • No arrangement fee or early repayment charges
  • Fast application process, apply online in just 3 minutes

 

Your monthly repayments won’t change over the duration of the loan, making it easier to manage your cash flow. Your interest rate is calculated on the length of the loan term, the amount you want to borrow and your status. The longer the term, the smaller your monthly repayment.

What you’ll need to apply:

  • Your personal and business details
  • For Limited companies, your registered company number. You must be registered with Companies House for at least 48 hours before starting your application
  • Details of when your financial year ends
  • Details of your cash flow forecasts, business assets and liabilities
  • We’ll also need a form of guarantee from the appropriate person in your business

Small Business Loan factsheet (PDF, 1.49MB)

Useful info about our Small Business Loan

Business loan calculator

Our Small Business Loan interest rate calculator can show you the rates you might pay and check your eligibility for lending up to £25,000. You can now also check the rates you're likely to pay for lending up to £50,000.

Amount you'd like to borrow

Note: You can only check rates up to £25k. You can still apply online for up to £50k.

You'd like to repay it over

  • The rate you pay depends on your circumstances and loan amount may differ from the Representative APR.
  • Representative APR (Annual Percentage Rate) is used for comparison purposes and shows the annual interest rate we expect at least 51% of customers who are accepted for and enter into a loan agreement with us to get. APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee.

Representative example

Monthly repayments

£7,500

Interest rate % (fixed)

8.2%

Total repayment

£8,253.00

Representative APR (variable)

£137.55

There's no obligation and you won't be credit checked.
 

For May 2021, 100% of SME customers received an end quote that was the same, better or no more than 10% above their indicative quote. 

You may also be eligible for a Business Overdraft

  • The rate you pay depends on your circumstances and loan amount may differ from the Representative APR.
  • Representative APR (Annual Percentage Rate) is used for comparison purposes and shows the annual interest rate we expect at least 51% of customers who are accepted for and enter into a loan agreement with us to get. APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee.

We’ve created these useful tools to help you with your loan application.