Overlay

Business Loan

Looking for funding to support your business through challenging times?

Key product information

Borrow from £1,000 upwards, subject to approval

Loan interest rates are linked to the Ulster Bank base rate

Flexibility to reduce your borrowing at any time during the term of your loan

Minimum arrangement fee of £150 applies for loans up to £15,000. Above £15,000, an arrangement fee of 1% will apply

Changes in the Ulster Bank base rate may require a review of your regular instalment amounts

Eligibility

All lending is subject to financial status and conditions and is for business purposes only

You must be over 18 years of age

You must be resident in the United Kingdom

 

Base rate information

Lending Rate % 
Ulster Bank base rate
(Effective from 19th March 2020)
0.10%

Please note that, for the purposes of interest rate calculation, where Ulster Bank base rate is below zero, it will be deemed to be zero.

Wish to borrow £25k or less?

 

Discover the rates you're likely to pay and check your eligibility.

Already have an Ulster Bank Business account?

If you have a Relationship Manager please contact them to find out how much you could borrow.

 

Amount you'd like to borrow

Please Note. You can only check rates up to £25,000. You can still apply online up to £50,000.

You'd like to repay it over

 

The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR

Representative APR (Annual Percentage Rate) is used for comparison purposes and shows the annual interest we expect at least 51% of customers who are accepted for and enter into a loan agreement with us to get. APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee

Minimum arrangement fee of £150 applies for loans up to £15,000. Above £15,000, an arrangement fee of 1% will apply

Representative APR

Monthly Payment

£7,500

Interest Rate %

8.2%

Total Repayment

£8,253.00

Representative APR %

£137.55

 

There's no obligation and you won't be credit checked.

50.00% of SME customers received an end quote that was the same, better or no more than 10% above their indicative quote.

You may also be eligible for a Business Overdraft. 

 

The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR

Representative APR (Annual Percentage Rate) is used for comparison purposes and shows the annual interest we expect at least 51% of customers who are accepted for and enter into a loan agreement with us to get. APR takes into account not just the interest on the loan but also other charges you have to pay, for example, any arrangement fee

Minimum arrangement fee of £150 applies for loans up to £15,000. Above £15,000, an arrangement fee of 1% will apply

Applying for a Business Loan

Ready to apply?

Here's some important information and documents to read. You must print or download and save a copy of each of these.

We are a Registered Firm with the Lending Standards Board which publishes the Standards of Lending Practice for Business Customers. For more information please visit the site.

To continue and start your application read and confirm the following
I confirm I have printed or downloaded and saved a copy of the previous documents and that on completing this application I will be bound by the terms contained in these documents.

Great, looks like you’re all set and ready to begin

 

 

Unfortunately you cannot start your business loan application

You must print or download and save a copy of the previous documents before you can complete your business loan application. 

Need more help?