If you're a UK based limited liability partnership or private limited company trading for more than 3 months, then our Working Capital Loans could provide you with a flexible borrowing solution. Whether you're paying a bill, getting your business online, or managing any unexpected bumps along the way, you can be reassured that funds are there when you need them.
Our Working Capital Loans could help you run your business day-to-day. We'll aim to give you an approved limit of up to £100,000.
There's no obligation or cost until you're ready to take out a loan. You can choose to borrow anything from £500 up to your approved limit as often as once a day, and you'll receive the funds within 24 hours.
You'll repay each loan over 6 months. We don't charge a fee to set up your account or make an early repayment.
You can apply online in just minutes. You'll manage your account online, so it's completely paper-free.
Interest charges range between 6% - 26% over a 6 month loan term.
£5,000 repayable over 6 months. If the interest charge is 12% this is equivalent to 24% per annum (fixed) or 50% APR representative. The total amount repayable is £5,600 (made up of the initial loan of £5,000 plus £600 interest). As this is a 6 month loan product the annual interest rate is for comparison purposes only.
The actual interest rate offered will be dependent on an assessment of your business performance and an assessment of your circumstances. All lending is subject to status, availability and our lending criteria. The right to decline any application is reserved.