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Loans and finance options

Providing the finance needed to grow your business

Get new equipment. Release funds quicker. Access the support you need to grow your business. Our range of flexible business loans and financial support products could help to keep your business’ financial management as simple and fluid as possible.

Working together, we can offer you:

  • Short and long-term finance options that help you build today and prepare for the future. Subject to status.
  • Expert guidance on using finance to purchase business assets and drive sustainable growth.
  • A full range of flexible finance options designed to suit different circumstances and needs for any business.

Lending is subject to status and eligibility. Security may be required.

No arrangement fees on term loans up to £50,000

We’re committed to supporting our new and existing loyal business customers by making finance more accessible. With no arrangement fees on term loans up to £50,000, we’ll help you save money as you look towards making your vision a reality. For example, on a £50,000 term loan, you could save £1,250* on the cost of borrowing.

*This saving of £1,250 is calculated on the basis of a standard 2.5% arrangement fee being taken on a £50,000 business term loan.

All lending is subject to status. Applicants must be aged 18 or over and borrowing must be for new business purposes. Available to small business customers who have a telephone based relationship manager or account management team and have an annual turnover of up to £2m.

Terms and conditions apply. The no arrangement fees on term lending to £50,000 applies to new borrowing only for new and existing business banking customers.

Please note that security may be required. Any asset used as security will be at risk if you break the agreement and may be sold to repay your debt. Property given as security, which may include your home, may be repossessed if you do not keep up repayments on your borrowing.

Representative example

Representative 9% APR on unsecured term loans up to £25,000
Loan amount:
£10,000		 Term time:
36 Months		 Interest rate per annum (variable)
8.75%		 Representative APR
9% APR
Fees/Charges:
£0		 Total amount of credit:
£10,000		 Total amount repayable:
£11,405.02

All loans offered are subject to status. This example is for unsecured loans of up to £25,000. The rate offered may differ from the representative APR shown.

LIBOR Cessation

The Bank of England and the FCA have reinforced the message that market participants should not rely on LIBOR's continuation beyond 2021 and must take action now to remove dependence on LIBOR before then.

The London Interbank Offered Rate or ‘LIBOR’ is used in the calculation of interest costs for some of our customers to whom we provide loans.

During 2020 The Bank of England and the FCA have reiterated that neither banks nor their customers should rely on LIBOR's continuation beyond 2021 and must take action now to remove dependence on LIBOR before then.

We are currently preparing for this change and will be contacting customers who hold LIBOR loan products in the first half of 2021 to discuss their options for replacing LIBOR with an alternative reference rate ahead of the deadline.

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)

We have produced a set of FAQs to help support customers during LIBOR transition.

Read our FAQs about LIBOR Transition

Borrowing

Help accelerate growth with our flexible lending options.

Find out more about Borrowing

Commercial mortgages

Consider bringing your business plans to life with a commercial mortgage.

Find out more about commercial mortgages

Appeals

If you’ve made a lending application and been denied, you can make an appeal.

Find out more about Appeals

Standards of lending practice

We adhere to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board.

Find out more about Standards of lending practice

British Business Bank

Dedicated to making finance markets work better for smaller businesses across the UK in partnership with Clydesdale Bank. Visit www.british-business-bank.co.uk/

Next steps

Talk to us

You are here:  Business Banking  >  Our Products  >  Loans and Finance

You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.