Lloyds Bank business loans review

Lloyds Bank has a broad range of business loans that are worth exploring. Discover all the deals currently available.

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LLoyds Bank business loans comparison

Lloyds Bank business loans

1 - 2 of 2
Name Product Finder Score Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
Lloyds Bank Small Business Loans
Finder score
★★★★★
Fixed or variable rate loan
£1,000 to £25,000
12 to 300 months
No specified minimum turnover or time trading
11.8% APR (variable or fixed) representative based on an assumed unsecured loan amount of £8,000 with 60 monthly repayments of £174.74 at an annual interest rate of 11.20% (fixed). Total amount payable £10,484.40.
Lloyds Bank Larger Business Loans
Finder score
★★★★★
Fixed or variable rate loan
From £25,001
12 to 300 months
No specified minimum turnover or time trading
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Other popular business loans

Name Product Finder Score Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
Funding Options Unsecured Loan
Finder score
★★★★★
Unsecured loan
£1,000 to £15,000,000
12 to 72 months
£100,000 per annum minimum turnover,
minimum 12 months trading
Representative example: Borrow £50,000 over 24 months at a rate of 7.63% APR. Monthly repayment of £2,252.94 and the total amount payable is £54,070.56.
Funding Options Secured Loan
Finder score
★★★★★
Fixed rate Secured loan
£1,000 to £15,000,000
1 to 360
No specified minimum turnover or time trading
Nest Unsecured Business Loan
Finder score
★★★★★
Fixed rate Unsecured loan
£10,000 to £5,000,000
6 to 120 months
£200,000 minimum turnover,
minimum 12 months trading
Fleximize Asset Finance
Finder score
★★★★★
Fixed or variable rate Asset finance loan
No specified loan amounts
No specified loan terms
No specified minimum turnover or time trading
JD Capital Finance Secured Business Loan
Finder score
★★★★★
Secured loan
£25,000 to £5,000,000
No specified loan terms
£100,000 minimum turnover,
no specified minimum time trading
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Lloyds Bank was founded in Birmingham, England, in the 18th century. It is a retail and commercial bank with branches across England and Wales. The bank has a long history of providing funding to businesses, with a wide range of products available to help corporations at various stages of development get to the next level.

If you’re looking for a cash injection for your business, consider applying to Lloyds Bank for one of its business loans. Below, we list their different loans with the key information on each.

Lloyds Bank business loans overview

  • Base Rate Loan. This comes with no arrangement fees for small loans and no early repayment costs. Loans are available on a secured or unsecured basis.
  • Fixed Rate Loan. This comes with fixed monthly repayments so you know what you’ll be paying. It is available on either a secured or unsecured basis.
  • Commercial Fixed Rate Loan. This allows you to borrow large sums of money on payment terms that stretch from 1 year to 25 years.
  • Capped Base Rate Loan. This allows you to borrow very large sums of money. It also comes with capital repayment holidays and allows you to borrow on a secured or unsecured basis.

Key features of Lloyds Bank business loans at a glance

  • Loan duration. The various loans come with payment terms that can span anywhere from 1 year to 25 years.
  • Security. The bank offers both secured and unsecured business loans. However, if you use your home as collateral for a loan, it will be repossessed in the event that you can’t make your repayments.
  • Fixed monthly repayments. With the Fixed Rate Loans and Commercial Fixed Rate Loans, you’ll always know how much you’ll be repaying.
  • Option to take a repayment holiday. This is possible, although you will still be accruing interest during this period. Nevertheless, it is a good way to allow you to start seeing a monetary return on your investments and build cash flow, before finishing your repayments.
  • No penalties for paying early. This applies to the Fixed Rate Loans and Base Rate Loans. But all other loans come with financial penalties for repaying early.

Depending on the business loan in question, Lloyds Bank offers fixed interest rate deals or variable interest rate deals.

Am I eligible for a Lloyds Bank business loan?

You should only apply for a Lloyds Bank business loan if you’re certain you can meet the repayment terms, and your company can meet the following criteria:

  • Be a private limited company that was incorporated in the UK (excluding Northern Ireland, the Channel Islands and the Isle of Man)
  • Have been trading for at least one year
  • UK resident (excluding Northern Ireland, the Channel Islands and the Isle of Man)
  • Need the loan for business use
  • Be a sole trader, partner or director of your company
  • Be over 18 years of age
  • Be an authorised signatory on the company’s bank account
  • Not have been bankrupt within the previous six years
  • Have had no court judgements or decrees for the previous three years

You may still be accepted with a poor credit history, although it’s likely you’ll be charged a higher rate of interest as a result.

You will be asked:

  • How much money you want to borrow
  • The specific business function that it will help you to perform
  • The period of time over which you’d like to make your payments

Loans for your business needs

Save time by checking eligibility with multiple lenders and get quotes.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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