All Loans

Santander Working Capital Loans

Loan available
£500 - £100,000
APR
61% APR
Loan duration
6 months

You could get an approved limit of up to £100,000 in minutes. There’s no obligation and you won’t pay any interest until you choose to access your funds and take out a loan. What’s more, Santander don’t charge a fee to make an early repayment. You then choose to borrow from £500 up to your approved limit as often as once a day and the funds will be with you within 24 hours. You’ll repay each loan over 6 months. Santander may increase or reduce your approved limit from time to time as part of ongoing reviews of your account. Interest charges range between 6%-26% over a 6 month loan term.

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NatWest Small Business Loan

Loan available
£1,000 - £25,000
APR
n/a
Loan duration
1 - 10 years

Borrow from £1,000 up to £35,000 at a fixed rate. You know how much you'll pay each month, allowing you to manage your cash flow in line with your plans. Terms ranging from one year, up to ten years. Suitable for most types of small to medium sized businesses - from sole traders to partnerships and limited companies.

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Clydesdale Bank Business Loan

Loan available
£25,000 - £250,000
APR
n/a
Loan duration
1 - 15 years

Clydesdale can offer loans of £25,001 to £10,000,000. An arrangement fee may apply. Option of fixed or variable interest rates or a mix of both. If taking a fixed rate option, a fixed rate early repayment charge may arise in the event of early repayment during the term of the fixed rate. Up to 15 year term on variable rate, and 5 year term on fixed rate.

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What type of business loan is right for me? 

There are many occasions as a business owner that lead to you needing to borrow money. A loan could help with the initial costs of setting up a business or help to expand your business to different locations, target markets and product lines. 

Choosing the right business loan will make it easier to manage and cheaper to pay back, so it’s important to gain a full understanding of the different types available. 

There are two main types of business loan: unsecured loans and secured loans. With unsecured loans, you borrow the money and pay it back over the agreed term. They are less risky as you don’t use your business assets as part of your application. You can use the money that you borrow from an unsecured loan for almost any business-related purpose you choose, such as expanding operations, purchasing stock or taking on new staff. 

On the other hand, secured loans use your business assets as security on your loan. Usually, this would be something of considerable monetary value such as property, stock or machinery. This method is much riskier for you but less of a risk to the lender as it allows them to sell your asset if you can’t pay back your loan. If you can’t pay back your loan, the lender will also register the default on your businesses’ credit record which will make it more difficult to get financial backing in the future.

FAQs about business loans

What is a loan?

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Why might I need a business loan?

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Can I get a business loan if I have a bad credit history?

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How much can I borrow?

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Can my small business get a loan?

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Do I need a business account for a business loan?

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What will happen if I can’t pay back the loan?

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Could I lose my home if my business defaults?

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