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.
Use the fields above to estimate business loan costs.
To make comparing even easier we came up with the Finder Score. Costs, speeds and features across 50+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodologyTo make comparing even easier we came up with the Finder Score. Costs, speeds and features across 50+ lenders are all weighted and scaled to produce a score out of 10. The higher the score the better the lender – simple.
Read the full methodology| Minimum trading period | Not specified |
|---|---|
| Loan terms | Up to 300 months |
| Loan amounts | From £25,001 to |
| Minimum turnover | Not specified |
The Santander Small Business Loan is designed to offer further financing to help your business grow. Some loans allow you to borrow from £25,001 and loan terms up to 25 years.
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:
Santander as a whole has a rating of ‘Bad’ on Trustpilot with a score of 1.5 based on over 7,000 reviews (July 2024). Customers complained of poor customer service.
The Santander app has a rating of 4.8 based on over 1.2 million reviews on the App Store and a rating of 4.5 on Google Play based on over 188,000 votes (July 2024).
You can contact customer support by clicking on the ‘Chat with us’ function on their website or on the app. Alternatively, you can call Santander on 0800 028 4055. Lines are open on Monday to Friday from 8am to 8pm and on Saturdays from 8am to 4pm. The line is closed on Sundays.
mycashline uses smart tech to offer startup and established SMEs access to its ongoing “bank-free overdraft”.
Discover whether a business loan from Nest could work for you.
Discover more about the business loans on offer from Love Finance.
We look at the most recent business loan statistics and trends, and how lending to SMEs and small businesses has changed over the years.
Lombard helps businesses finance the equipment they need to grow, funding a wide range of assets from business vehicles to machinery.
Funding Options finds competitive credit for small businesses by searching its panel of over 50 trusted providers. Find out how other lenders compare.
Cubefunder offers business loans of up to £100,000 with one fixed fee. Repayments can adapt to the rises and falls of your company’s cashflow. Find out how other lenders compare.
Find out about the many business loans available from NatWest Bank.
Information about the business loans available from Barclays Bank.
Information about the business loans available from HSBC.