How do Halifax business loans work?
Looking for a Halifax Business Loan?
“The options for business owners in accessing funding have improved significantly in the last 2 years”.
The growth of peer to peer funding and crowdfunding platforms offering finance means that high street banks no longer have control over this market for loans up to £500,000.
At the time of writing Halifax do not offer business loans.
How much you can borrow, how long for and how much you are likely to pay in interest will depend on the reasons for the loan, the current and past performance of your business and various other factors.
To find out the best type of business borrowing for your specific needs and circumstances, it is well worth talking to a professional loan advisor.
You can access business loans via Lloyds Bank who are the owner of Halifax from £1,000.
We can help you access the money you need at the most affordable price quickly and with the less possible hassle.
Understanding business loans
There are various types of business finance which may be appropriate for your borrowing needs.
- Short and long term finance
Whether you need short term finance to help with cash flow, or finance over a longer term to fund expansion, business loans can be acquired over a range of different terms to suit a variety of business needs. For bridging loans use our bridging loan calculator
- Unsecured business loans
If you need to borrow a relatively small amount, you may be able to take the loan on an unsecured basis. This can allow you to access the money you need relatively quickly with a fairly simply application process.
Halifax Business Loans
Halifax business loans are currently not available however Lloyds Bank who are part of the same group do provide finance options for businesses and sole traders. We have access to Lloyds Bank loan products for businesses including fixed rate loans from 1 to 5 years, including invoice finance products to help with cashflow.