You can take out a loan from £500 up to the value of your approved limit (a maximum of £100,000).
You'll pay back each loan over 6 months. In each month you'll pay back a sixth of the original loan amount ("the principal") plus a monthly interest charge. The total interest charge for the six months will range between 6 and 26%. The interest charge paid will be between 1 and 11% for each of the first 2 months, and 1% for each of the remaining 4 months.
Working Capital Loans have a total interest charge of between 6 and 26% over a 6 month period. You'll pay between 1 and 11% for each of the first 2 months of your loan, and 1% for each of the remaining 4 months. How much you’ll pay is based on a review of your financial circumstances.
With no early repayment fees, try reducing the term to see how much you could save
Individual rates may vary and the rates shown are for illustrative purposes only. Your actual interest charge will be confirmed each time you take out a loan.
Interest charges range between 6% - 26% over a 6 month loan term.
£5,000 repayable over 6 months. If the interest charge is 14% this is equivalent to 28% per annum (fixed) or 61% APR representative. The total amount repayable is £5,700 (made up of the initial loan of £5,000 plus £700 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.