What is aCommercial Loan?
Sometimes businesses need help to prosper. It could be for funding machinery, office refurbishments or even professional fees like public liability. In these cases, a Commercial Loan can be a great way to get the assets you need to help your business thrive.
As long as you can make regular repayments, this type of finance could be an option for you.
Start by working out how much money your business needs to borrow.
Our loans can be for any amount from £2,000 depending on your circumstances. We offer terms of up to five years.
When you know how much finance your business needs, simply contact your local Black Horse branch. We can then look at the term of the loan based on how much you can afford to pay back on a monthly basis.
Your Commercial Loan will be worked out based on a fixed interest rate.
With a competitive rate of interest and flexible monthly repayments over a fixed term, this type of finance option can be very attractive for companies. And it means you can do what you want to do, without having to save up first.
Here's what else you need to think about:
- You’ll always know exactly what you have to pay each month, so there are no surprises, so make sure you choose an amount that’s comfortable and affordable for your business.
- Subject to your loan application being accepted and you signing the finance documents, funds are typically transferred within 24 hours.
We understand the issues that businesses face in today’s competitive marketplace. It’s why we’re happy to help local employers who need extra finance for all sorts of reasons such as cash flow issues or new ways of working.
Our competitive loan rates can make us an affordable option, depending on your commercial status. As long as you are happy with the monthly repayments, it can be a good way to meet your business commitments.
When you apply for a Commercial Loan, you’ll be talking directly to your local branch rather than a stranger in a call centre. So, you’ll have one point of contact while your business loan is being determined. And because we’re local to you, we’re able to react more swiftly to give you a decision as soon as we can.
To find out more, get in touch with your local Black Horse branch today.