Best Buy - Business Loans


Compare the best business loans with our independent selection for small and medium-sized enterprises (SMEs).
LenderRateMarginMin/Max advanceTermFee

0.50% variable

NegNeg - negMax 25yrsNeg

0.50% variable

NegNeg - negMax 25yrsNeg

0.50% variable

Neg£25K - £250K1yr - 15yrsMin 1%

2.75% variable

NegN/A - negNeg1% - 1.5%

0.50% variable

Neg£1K - negNegtiered (min £100)

Neg variable

Neg£10K - Neg1yr - 20yrsNeg
Last Updated: Wednesday 23 April 2014 12:16

Moneyfacts.co.uk Best Buys show the best products chosen by our independent experts. Where we have been able to we have also provided a link for you to apply online today. Products shown with a yellow background are sponsored products.

 

Bank Business Loans, things to consider...

Whether you need to finance a business start up, an asset purchase, or to make refurbishments to your premises, a business loan are often your first port of call.

Business loans will usually be individually priced and have negotiable terms and conditions. The bank will want to take a detailed look at your past accounts, your current balance sheet as well as your future forecasts and plans. They will then determine the credit risk that your business presents, and price the interest rate accordingly.

Some banks will offer a fixed rate option, so your business can budget for the loan repayments. They can also be very flexible on the loan term – business loans can be offered for far longer terms than personal loans. But remember that while a longer term means lower payments – it also means more interest to pay over the term of the loan.

For some business loans a lender may ask you to put up collateral as security should you not be able to make the repayments on your loan. If your business is new, or doesn’t have assets to put up as security, you may be asked to put up your personal property as security.

ANY PROPERTY GIVEN AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBTS SECURED ON IT. A CREDIT ASSESSMENT WILL BE REQUIRED. YOU SHOULD NOT APPLY FOR AN AMOUNT THAT YOU CANNOT AFFORD TO REPAY NOW AND IN THE FUTURE.

 

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