Business Loan

Great value, maximum flexibility

• Flexible terms
• Daily interest calculations reduce cost
• Fixed or variable rate
• No minimum loan requirement
• Option to defer capital payments (up to 2 years)
• Structured or revolving loans

Innovative lending

While other banks often make their lending decisions based on boxes you can tick, our approach is more flexible. Our team will look at things differently and help you create an individual solution based not on standard terms, but what's best for you. Our aim is to protect your business cash flow, while helping your business increase its working capital, expand, diversify, buy new businesses and acquire new property or technology.

Whatever your requirements you'll find that our Business Loan comes with attractive interest, money-saving features such as daily interest calculations, and complete flexibility.

Interest the way you want it

Interest rates can be fixed at the outset so they remain constant throughout the period of the loan. Alternatively you can have a Fluctuating Rate Loan where changes in the Bank of Scotland Base Rate affect the rate on your loan. We are happy to discuss other options with you.

Interest only or repayment

You have a choice with repayment. You can either repay capital throughout the term of the loan, or you can opt for interest-only, although you will need to set up a parallel investment vehicle that can pay off the capital at the end of the loan period.

Payment period

We offer flexibility over repayment periods, from 1 to 20 years.

Defer capital payments

You can also hold off on capital repayments for up to two years thereby reducing the monthly payments you make over that period.

Amount you can borrow

We don't impose any maximum or minimum loan amounts.

When you take the money

You can stagger the times you actually draw down the money on the loan over a period of up to three years. All you pay is a commitment fee – usually 1% – on the portion of the loan not drawn.

What you can use the money for

• Acquisition, expansion or renovation of premises, farms and farming land
• Taking an interest in a professional partnership or business
• Injection of capital into a business
• Development finance
• Debt consolidation

Extra flexibility with the Revolving Credit Loan

Our Revolving Credit Loan gives you the flexibility and control to draw down and repay against a pre-agreed limit. This works in a similar way to an overdraft but over a longer term, perhaps over a few years. Depending on how the loan is used, charges may be incurred where the full facility is not used.

Small Firms Loan Guarantee

The Department for Business, Enterprise and Regulatory Reform (BERR) and its lenders developed the Small Firms Loan Guarantee (SFLG) Scheme to assist small businesses which often have loan applications declined due to lack of security or business track record.

Key features & benefits:

• Fixed or variable rate of interest
• Loan amounts can range from £5,000 to £250,000
• Loan term period – minimum two years, maximum ten years
• Capital repayment holiday can be arranged, subject to approval
• Premium fee due to the BERR, based on the loan balance

For more information on the Small Firms Loan Guarantee, visit the BERR Website (opens new window).

Find out more about Business Loans

Our lending team are always happy to discuss your loan requirements. Call us on 0845 603 2408†.

Please view our transaction charges.

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