Loans for business

Funding help available for growth and development

You can sometimes need extra working capital to develop your business further and open up new opportunities for growth.

Yorkshire Bank can offer a business loan which can help you do that.

The business loan offers several key features:

• Minimum loan – £25,001 (fixed rate loans) or £500,000 (variable rate loans) – Maximum loan – £10,000,000. An arrangement fee may apply.
• Option of fixed or variable interest rates or a mix of both**. If taking a fixed rate option, a fixed rate early repayment charge may arise in the event of early repayment during the term of the fixed rate.
• Available up to 15 year term on variable rate and 5 year term on fixed rate

Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.

Important information

The Financial Conduct Authority (FCA) has stated that banks should stop using LIBOR before the end of 2021. UK Finance have created a handy guide for businesses, visit their website to read more about the discontinuation of LIBOR. (opens in a new window)

**Rates

• Interest margins in respect of borrowing facilities are individually negotiated and the amount you will be charged will depend on your circumstances. Interest is applied monthly or quarterly. For variable rate business loans, debit interest is priced to London Inter Bank Offered Rate (LIBOR). The interest rate for fixed rate business loans is an agreed fixed rate at the time of transaction. Speak to a relationship manager for more details.

Costs

• Please speak to a relationship manager for information on related costs. Other charges may apply.

Full terms and conditions available on request.