Current Account Loan

More Benefits

• Short-term loans can be used for working investment purposes
• Medium-term loans can be used for fixed asset purchases
• Long-term loans can be used for property purchases

Further Features

• The flexibility of loan term is consistent with the life expectancy of the asset being purchased (where applicable)

Complementary Solutions

• Business Overdraft
• Financial Planning

Important Information

• Interest rate
• Variable – available on request from your Business Manager or Business Advisor
• Standard interest rates can be found in the interest rates and charges section.  Interest rates in respect of borrowing facilities are individually negotiated and the amount you are charged will depend on your circumstances - speak to your Business Manager or Business Advisor for more details
• Repayment type
• Interest Only (for borrowing not regulated by the Consumer Credit Act) or Capital & Interest
• With Interest Only option – you will need to plan a method for repaying the capital
• Interest calculated daily
• Maximum loan amount - £25,000
• Costs
• Standard charges can be found in the interest rates and charges section.  Other charges may apply which may be individually negotiated - speak to your Business Manager or Business Advisor for more details
• Cheques books are not available on this type of account
• Terms and conditions
• Normal lending assessment applies
• Security may be required
• Full terms and conditions are available on request

In the event of non payment, breach of covenant, or non compliance with terms and conditions, we may proceed to make a call on, or realise any security pledged in support of the borrowing.