Business Loans
Typically, a business can borrow (subject to availability) between £1000 and £3m; in most cases the interest is charged as a percentage and added to the loan balance.
Loans can be unsecured or secured against specific assets, but usually a personal director’s guarantee is required.
Usually, business loans are paid back over a set timeframe, ranging from 1 month to 15 years, with regular equal repayments.