Business Term Loan

Borrowing options

Security may be required.

Your home or property may be repossessed if you do not
keep up repayments on your mortgage

Trading conditions change. Demand shifts over time. But will your loan keep up with your business?


Every business is different and has different financial needs. Our Business Term Loan is designed to suit those needs. Suitable for any borrowing amount, the Business Term Loan can be used for virtually any purpose.  

In addition, a range of flexible options allow you to tailor your loan to fit your unique circumstances.These include:

  • Variable or fixed rates - Choose a fixed rate to enjoy the peace of mind of fixed monthly repayments. Alternatively, opt for a variable rate linked to the Bank’s base rate, which can of course rise or fall. (Please note that an early repayment charge may apply in the event that a fixed loan is repaid early during the fixed period.)
  • A range of repayment holiday options - take advantage of a payment holiday at the start or even during your loan to boost cashflow
  • Choice of repayment styles and frequencies - We offer a range of repayment styles, such as capital and interest, capital only or interest only basis.   In addition, you can choose the frequency in which you make repayments including monthly, quarterly, half yearly and yearly
  • Staged drawdown - save on interest costs and benefit from lower initial payments.
  • Make lump sum repayments - use surplus cash to save interest costs and benefit your business

Protect your loan repayments

Business Loanguard could insure your repayments against the death, sickness or injury of the business owners, partners, directors and key employees. Subject to terms and conditions.


Loan repayment options.
Capital and interest repayment holiday - focus completely on your business right at the start Make no payments (available at the beginning of and during the term of the loan). Alternatively, make no repayments for up to 12 months. Interest will continue to accrue while you exercise this option, and will be added to the loan. Following a capital and interest repayment holiday your repayment instalment(s) will be increased to include the element of capital and interest which would have been applied during the holiday period.
Capital repayment holiday - allows time for your cash flow to become established Make no payment of capital for an agreed period. During the holiday period you will only pay interest on the loan. Following a capital repayment holiday your repayment instalment(s) will be increased to include that element of capital which would have been applied during the holiday period.
Stage drawdown - save on interest costs and benefit from lower initial payment. Draw down your loan in up to four stages over the first 12 months. Only pay interest on the outstanding balance.
Repayment frequency options Repayment schedules to suit your business. Choose from a range of repayment frequency options and tailor your repayments to match your cashflow.
Lump sum payments - use surplus cash to save interest costs and benefit your business. Make lump sum payments at any time. Choose to reduce the payment amount or loan term.

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Credit facilities: Over 18s only. Subject to status. Security, life assurance and unemployment cover may be required.

Full written credit details available on request.

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