Business loans
A business loan, explained by someone who’s on your side.
Borrow a lump sum and repay it in fixed instalments. An adviser looks across our panel, explains what each offer really costs and helps you choose with confidence.
- Borrow
- £1k–£1m
- across lenders on our panel
- Repay over
- 3–72 months
- Repayments
- Fixed
- usually monthly
- Cost to check
- £0
Ranges reflect lenders on our panel. What you’re offered, and the cost, depends on your business and the lender.
Good for
- Investing in growth: hiring, marketing, a new site or a new contract
- Buying equipment, stock or vehicles
- Smoothing cash flow through a seasonal dip
- Refinancing more expensive borrowing into one payment
How it works
- 1
Tell us what you need
How much, what it’s for and a little about the business. It takes a couple of minutes.
- 2
An adviser calls you
They check the details, ask what matters most (cost, speed or flexibility) and explain which lenders could fit.
- 3
We prepare and submit
Your adviser gathers what lenders need, usually recent bank statements, and submits to the best-suited lenders.
- 4
Compare and decide
When offers arrive, we explain the total cost, fees and any guarantees, side by side. You choose; there’s no obligation.
Costs and trade-offs
What it costs, honestly.
How it’s priced
Lenders charge interest, sometimes as a fixed monthly rate and sometimes as an annual rate, and some add an arrangement fee. What you’re offered depends on your turnover, trading history, credit profile and the lender. Your adviser shows you the total amount repayable for every offer, so you can compare like with like.
Check the true cost of a quoteWhy people choose it
- Predictable repayments make budgeting easy
- You keep full ownership of the business
- Terms from a few months to six years
Worth knowing
- Most lenders ask directors for a personal guarantee
- Some charge for repaying early, so check before you sign
- Missed payments can affect your business credit file
What lenders usually look for
Every lender is different. If you don’t tick every box, talk to us anyway: part of our job is knowing who might say yes.
- A UK business, usually trading for at least 6 months
- Regular income through a business bank account
- Monthly turnover from about £5,000, depending on the lender
- Recent bank statements, or a secure open banking connection
How much can my business borrow?
It depends mainly on your turnover, how long you’ve been trading and what the money is for. Lenders on our panel lend from £1,000 to £1 million. Many base the limit on a multiple of your monthly revenue, so your adviser can usually give you a realistic range on the first call.
Will checking my options affect my credit score?
Talking to an adviser and getting an indication of your options doesn’t involve a credit search. When you choose to apply, lenders run their own checks. Some use soft searches first; your adviser will tell you before anything is submitted.
Do I need to secure the loan against property?
Not usually. Most business loans we arrange are unsecured, though lenders normally ask directors for a personal guarantee. If a secured loan would cost less, your adviser will explain the trade-off.
Can I repay early?
Often, yes, but terms vary. Some lenders let you settle early with reduced interest; others charge for it. We point out early-repayment terms on every offer.
Other routes
You might also consider
- Unsecured business loansAn unsecured loan isn’t tied to your premises, home or equipment. We’ll help you understand what lenders ask for instead, and find the ones that suit your business.
- Revolving creditA revolving credit facility gives your business a set limit. Draw what you need, repay it, and the funds are there again next time.
- Short-term loansA short-term loan is repaid over months rather than years. It suits a specific need with a clear end, such as stock for a busy season or a gap before a contract pays.
Your next move starts with a clearer view.
Tell us what you need. We'll show you the routes that fit your business and help you take the next step.