Fixed rate loan

Having a fixed rate today helps you plan for tomorrow

We’re committed to helping UK business, so there are no arrangement and early redemption fees.

No fee for arrangement

No fee for early redemption

Fixed monthly repayments – could helps with cashflow

Our Fixed Rate Business Loan has been created for companies with an annual turnover up to £2m. We have other loans for businesses with a turnover above £2m.

This loan in detail...

Features

No arrangement fees

Yes, you read that correctly. Setting up the loan is completely free.

No early redemption charges

Make a partial or full repayment without incurring a penalty. Simple as that.

Fixed rate of interest

A fixed rate could help you plan for tomorrow, because costs won’t change throughout the term.

Fixed rate of interest – in detail

The rate you pay won’t change throughout this loan, so it could help with budgeting and knowing what your outgoings will be.

 

What you should know

Over the life of the loan, our Fixed Rate might end up costing you more than our Variable Rate if interest rates go down. 

Borrow from £35,001 up to £500,000

Because of the wide range of this loan, it makes it a lot more flexible (subject to credit approval).

Terms are 3, 5, 7 and 10 years

With a maximum of 25 years. The longer the term, the smaller your monthly repayments (you’ll pay more back overall though).

Take a repayment holiday

You can take a Capital Repayment holiday, but you must keep paying the interest.

Repayment Holidays – in detail

What you should know

  • During any Capital Repayment Holiday (where you take a break from paying off the principle of the loan) the interest must still be paid into a servicing account. Capital Repayment Holidays are subject to credit approval. Payments may increase afterwards
  • You can’t take a mid-term repayment holiday
  • You can’t do a tranche drawdown (take the loan in instalments) 

Benefits

Three repayment options

Choose the repayment option that suits you best.

Repayment Options – in detail

You can choose to pay:

  • Both the capital (the main lumps sum) and interest payments combined.
  • Capital only
  • Interest only

Charges

Interest rate

Your interest rate is obtained from Agile Markets and consists of a Risk Margin and a Core Rate.

Arrangement Fees

There’s no arrangement fee if we’re lending to you for the first time, but if you’re refinancing, there’s a 1% fee.

Security Fee

Any security fee will be charged in accordance with our Security Fee tariff/policy

Useful info about our Fixed Rate Loan

Yes, you can. This loan is available for business customers with a turnover of over £2million. 

No, you’re still very welcome to apply. We’ll just have to ask you a few more questions than we would if you were an existing customer.

Yes, you can only take Capital Repayment Holidays at the beginning of the loan (subject to agreement).

Ready to apply

Great, thanks for choosing our Fixed Rate Loan. Let's get started. Are you a…

What kind of business are you?

So, you’re a sole trader. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

So, you’re a partnership. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

So, you’re a limited company. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Your registered company number

  • This is provided by Companies House when you register your limited company with them. Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us.

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

So, you’re a limited liability partnership. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Your registered company number

  • This is provided by Companies House when you register your limited company with them. Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us.

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

Do you have a Relationship Manager?

Call your Relationship Manager

You should have a direct number for them. You can discuss applying for our Fixed Rate Loan with them. They can start the application for you and arrange to get the appropriate signatures. 

Business and Relationship Managers are available 9am-7pm Monday to Friday and 9am-2pm on Saturdays.

What kind of business are you?

So, you’re a sole trader. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

So, you’re a limited company. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Your registered company number

  • This is provided by Companies House when you register your limited company with them. Please make sure your Limited Company has already been registered with Companies House for at least 48 hours before starting your application with us.

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

So, you’re a partnership. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

So, you’re a limited liability partnership. Here are the things we’ll need from you…

Personal details

  • Full name, date and place of birth
  • Home addresses (and the date you moved there)
  • Contact details
  • Personal details for any directors, partners, members or signatories.

Business details

  • Trading and any registration addresses
  • Business contact details
  • Information about your business activity and number of employees
  • Any other trading names your business uses
  • Details of when your financial year ends

Registration for tax purposes

  • Details of any countries you (or your business) are registered in

Year-end accounts

  • Details of your business’s or cash flow forecasts

Loan details

  • What you want the loan for?
  • How much you need to borrow?
  • How long you want to repay the loan over (the term)?

And now for the important legal stuff…

To apply for our Fixed Rate Loan, you must meet these requirements

  • You’re aged 18 or over
  • You’re a director of the business you’re applying on behalf of
  • You have not been declared bankrupt or received a County Court Judgement (CCJ) or Court Decree

Please take some time to review the important info

Are you ready to continue?

Why not give our Business Team a call?

They can discuss your lending needs

Lines are open 9.00am-5.00pm Monday to Friday. Calls may be recorded and call charges from residential, business and mobiles vary, depending on your telephone operator's tariff.

Additional support for your business

What we look for when lending money

Before approving your request for funding, we need assurance that you have the ability to repay and you can keep up payments over a period of time.

Funding your business

Funding is crucial for most businesses, as an initial cash injection is often needed. You need to think about how much money you'll need and what type of funding will suit you best. 

Cashflow and collecting money

Good cashflow management is key to keeping a business afloat. We’ve got a seven-step guide to help you keep your cashflow nice and steady.

Something else we can help you with?