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Santander was established in January 2010 when Abbey National merged with Bradford & Bingley, and was renamed Santander UK. Alliance & Leicester merged into the renamed business in May 2010. The firm has 20,000 employees, 14 million customers, and more than a thousand branches.
Does your business need additional funding to reach the next level? Or do you have a new company that needs a financial boost to get off the ground? For either of these scenarios, Santander may be a viable source of funding for you. It offers different types of business loans to suit the specific needs of different organisations and makes quick decisions on whether or not to issue funding.
The Santander Small Business Loan is designed to offer further financing to help your business grow. You can borrow from £25,000, with no upper loan amount, and loan terms up to 25 years. You must also have a current Santander business account to be eligible for a Santander small business loan.
As a BBLS accredited lender, Santander is also offering Coronavirus Bounce Back loans from £2,000 to £50,000 to small businesses affected by the coronavirus pandemic.
Santander currently offers Coronavirus Bounce Back Loans to small businesses affected by the pandemic. Eligible businesses can apply for a loan of up to £50,000, with a fixed rate of 2.5% p.a.. The UK government will guarantee 100% of the loan amount, and your business won’t pay any interest for the first 12 months of the loan.
This is a flexible, low-cost solution to fund the equipment and vehicles you need to grow your business. This includes vehicles for business or personal use, IT hardware and software, plant machinery, scaffolding, and kitchen equipment. The terms are fixed monthly payments so you’ll know exactly how much you’re repaying each month.
This is aimed at larger businesses that need significant funding. For more information, visit www.santandercb.co.uk.
Santander also offers commercial real estate loans for businesses looking to purchase, refinance or renovate commercial property. You can get either a variable or fixed rate loan, with loan terms up to 25 years.
Loans are offered from £25,000, with no maximum loan amounts. You will need to complete an application form to apply for a Santander commercial mortgage loan.
Depending on the business loan in question, Santander offers fixed interest deals or variable interest deals.
You should only apply for a Santander Bank business loan if you’re certain you can meet the repayment terms, and your company meets the following criteria:
If you would like to get a Santander business loan, you can apply online, by appointment in a branch or alternatively by calling the lending team. The Santander business loans contact number is 0800 313 4481.
You may need to provide proof of the following:
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