How do Lloyds business loans work

Compare Lloyds Business Loan options using our online comparison service.

“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.

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.

Lloyds offer unsecured business loans which don’t affect your credit rating up to £25,000 and variable rate business loans from £25,001 which track the Bank of England Base Rate.

We can help you access the money you need at the most affordable price quickly and with the less possible hassle.

Understanding types of business loans

There are various types of business finance which may be appropriate for your borrowing needs.

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

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. 

Lloyds Business Loans Criteria

Lloyds Bank provide finance options for businesses and sole traders.

Whether you are just looking for a small short term loan to help with cash flow or whether you require a larger loan to fund your business expansion, Lloyds have a range of business loans to help. Lloyds have separate loan packages based on whether your firm’s turnover is between £0-£1m, £1m-£25m or £25m +, supporting businesses of all sizes.

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.

To find out more about a Lloyd’s business loan, or to compare Lloyd’s loans with other competitive deals, use our loan comparison service above by completing your finance requirements and your company details. We work with the majority of business loan lenders (including Lloyds) to offer you leading and exclusive secured loan deals.

Our specialised secured loan advisory team can help to analyse your situation, and provide you with expert advice to help you make the best decisions for your future.