Overview
A business loan provides a lump sum that is repaid in instalments over an agreed period. It is suited to planned, one-time funding needs where the benefit is realised over several years.
Loan terms are structured around the purpose of the borrowing and the cash flows of the business.
Key features
- Funding for expansion, new premises or capital expenditure
- Repayment in regular instalments over a fixed term
- Secured and unsecured structures, depending on the proposal
- Terms assessed on the financial position of the business
Who it is suited for
- Companies and firms planning to expand capacity
- Businesses investing in premises, plant or technology
- Established businesses refinancing existing borrowings