Mortgages
Guides
Mortgage Repayment Calculator
Products
Guides
Featured Guide
Products
Credit Repair
Credit Card Guides
Featured Guide
Our guide to checking your credit score and getting the right credit for you.
Our guide to checking your credit score and getting the right credit for you.
Business loans provide additional funds for commercial organisations to grow or expand their operations – especially if they do not have the funds readily available to take a business opportunity when it arises.
B2B finance offer a brokerage service and have trained advisers to help you secure the best loan for your business. Speak to broker now about a business loan.
_All_125x100.png)
_All_125x100.png)
_All_125x100.png)
_All_125x100.png)
(4500)_All_125x100.png)
_All_125x100.png)
_All_125x100.png)
_All_125x100.png)
_All_125x100.png)
All rates are subject to change without notice. Please check all rates and terms with your lender or financial adviser before undertaking any borrowing. 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.
BALANCED. Moneyfacts.co.uk is entirely independent and authorised by the Financial Conduct Authority.
FREE. There is no cost to you. Our service is entirely free and you don't need to share any personal data to access our comparison tables.
TRANSPARENT. We only receive payment from product providers and intermediaries for quick/direct links and adverts through to their websites.
COMPREHENSIVE. We research the whole market and scour the small print so you can find the best products for your needs.
Weekend Moneyfacts is available free by email to all Moneyfacts.co.uk users.
Please send me Weekend Moneyfacts, Savers Friend and selected third-party offers.
Everything you need to know to choose a business current account.
Should you take out a commercial property mortgage or rent instead?
Business loans will usually be individually priced and have negotiable terms and conditions. The provider will want to take a detailed look at your past accounts and 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 providers will offer a fixed rate option, so your business can budget for the loan repayments, though many business loans have a variable rate, which means the rate (and therefore your repayments) could change. Providers 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 instead. There may be a fee to pay to arrange the loan as well, which is often negotiable.
Just as with any kind of loan, you are best advised to shop around to find the best deal for the sum you require and the period that the loan is to be taken over.
