Metro Bank business financing calculator and review

If your business needs investment to grow, Metro Bank could provide a loan of £2,500 to £25 million to help fund its expansion.

Compare business loans Compare
Learn more about Metro Bank loans Skip to content

Metro Bank business loans overview

Metro Bank is a direct lender not a broker. It opened its doors in 2010, becoming the first high street bank to open in the UK in more than 100 years. It aims to bring the personal touch back into banking, with every “store” open seven days a week and no need to book an appointment.

Whether you’re starting a business or need a cash boost to take it to the next level, Metro Bank could help with a fast and simple business loan. It’s quick and straightforward to apply.

See how much it'll cost you to take out a Metro Bank loan

Metro Bank business loan calculator
£
£
%

Use the fields above to estimate business loan costs.

Metro Bank business loans comparison

Metro Bank business loans

Name Product UKFBL Finder Score Loan type Loan amounts Loan terms Minimum turnover/trading criteria Key benefit
Metro Bank logo
3.9
★★★★★
Fixed rate loan
£2,000 to £60,000
12 to 60 months
No specified minimum turnover or time trading
Representative example: Borrow £10,000 over 4 years at a rate of 9.6% p.a. (fixed). Representative APR 9.6% and total payable £12,082.08 in monthly repayments of £251.71.
Metro Bank logo
3.8
★★★★★
Fixed rate Secured loan
From £60,001
12 to 360 months
No specified minimum turnover or time trading
Representative example: Borrow £10,000 over 2 years at a rate of 9.6% p.a. (fixed). Representative APR 9.6% and total payable £12,082.08 in monthly repayments of £251.71.
Metro Bank logo
3.8
★★★★★
Fixed rate loan
No specified loan amounts
N/A
No specified minimum turnover or time trading
Metro Bank logo
3.7
★★★★★
Fixed rate loan
No specified loan amounts
N/A
No specified minimum turnover or time trading
loading

Other popular business loans

Name Product UKFBL Finder Score Loan type Loan amounts Loan terms Minimum turnover/trading criteria Key benefit
Nest Business Loans logo
3.5
★★★★★
Fixed rate Unsecured Asset finance loan
No specified loan amounts
No specified loan terms
No specified minimum turnover or time trading
Rise Funding logo
3.8
★★★★★
Asset finance loan
£10,000 to £2,000,000
3 to 72 months
£150,000 per annum annual turnover,
1 year trading
Nest Business Loans logo
4.0
★★★★★
Fixed rate Unsecured loan
£10,000 to £5,000,000
6 to 120 months
No specified minimum turnover or time trading
Nest Business Loans logo
4.0
★★★★★
Fixed rate Unsecured loan
£10,000 to £5,000,000
No specified loan terms
£200,000 annual turnover,
1 year trading
Fleximize logo
3.7
★★★★★
Fixed or variable rate Asset finance loan
No specified loan amounts
No specified loan terms
No specified minimum turnover or time trading
loading

Metro Bank loan options

  • Term loans. Metro Bank offers loans of £2,500 to £25,000+ to small and medium-sized businesses. Large companies can access funds of £150,000 to £25 million.
  • Asset finance. Spread the cost of machinery and equipment that your business needs over a manageable period. You can even refinance existing equipment to give yourself an increase in liquidity, providing more funds for investment and growth.
  • Invoice finance. Get up to 85% of your invoices within 24 hours with invoice financing. Metro Bank will forward you part of your invoice so you can focus on your business instead of worrying about when your invoices are going to be paid.

Key features of a Metro Bank business loan:

  • Borrow £2,500 to £25,000+. Choose a loan amount to suit the size and requirements of your business.
    Large businesses eligible for up to £25 million. If you have a large turnover, Metro Bank can provide a loan to match your funding needs.
  • Repay over 1 to 30 years. Spread your repayments over a term that suits you and your business.
  • Secured or unsecured. Metro Bank offers unsecured loans of up to £25,000. For larger amounts you’re likely to be asked to secure your loan. Security could be in the form of a guarantee from a third party, group entity or other directors of the company. Alternatively, you could provide an asset such as your home, other property, land or a bank account as security. You need to be aware that if you fail to keep up with repayments, this asset will be at risk.
  • Fixed interest rate. Your interest rate will be fixed for the term of your loan. This means your repayments will remain the same, which could make them easier to budget for.
  • Fees. For loans of under £25,000 you will not pay any additional fees, other than interest. For loans above this you may be required to pay security fees, valuation fees, legal fees and/or administration fees. Always check what you will need to pay before you agree to a loan.
  • Online account management. Check balances, make payments, see transactions and open new accounts any time through the Metro Bank website or app.

The interest rate you’re offered will depend on factors like the amount you apply for, the term of the loan, the performance of your business and its credit rating. This may differ from the advertised “Representative APR”.

Am I eligible for a Metro Bank business loan?

You should only apply for a Metro Bank business loan if you’re certain you can meet the repayment terms. You must also:

  • Be aged 18 or over
  • Require the loan for business use
  • Have a Metro Bank business or commercial current account

How can I apply?

To apply, you need to go into a Metro Bank branch or call the customer services helpline. You should have at hand:

  1. How much you would like to borrow and for how long
  2. The purpose of the finance
  3. Details about your business including profiles on all business owners and investors
  4. Business plans and cash flow forecasts covering the term of the loan

Metro Bank customer reviews

Metro Bank has received mixed reviews from customers on the review website Trustpilot, where it currently has a “poor” rating of 1.8 out of 5, based on over 5,000 reviews (updated October 2022).

Over 50% of customers on Trustpilot gave Metro Bank an “excellent” review. A majority of the negative reviews highlight their slow customer service response times.

What is APR?

If you’re comparing any credit-based products, it won’t be long before you’ll come across the annual percentage rate (APR). This figure is designed to provide an annual summary of the cost of a loan. It takes into account both interest and any mandatory charges to be paid (for example an arrangement fee) over the duration of a loan.

All lenders must calculate the APR of their products in the same way and must tell you the APR before you sign an agreement, so for consumers, it can be a handy tool for comparison.

Bear in mind that lenders are only obliged to award this rate to 51% of those who take out the loan and the other 49% could pay more. That’s why it’s often referred to as the representative APR.

How can we help?

Textile studio in a small business

Compare loan rates

Get live, personalised quotes on unsecured or secured loans from a large panel of lenders through our partner Love Finance.
Restaurant worker taking card payment from a customer over counter

Merchant cash advance

Access a lump sum of funding upfront for a fixed cost and then repay when your customers pay you.

Businessman using a credit card in an airport lounge

Business credit cards

Boost your spending power, track employee spending and enjoy perks and rewards with a business credit card.

Frequently asked questions

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. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
Chris Lilly's headshot
Written by

Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 602 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health

More guides on Finder

Go to site