Two businesses borrowing the same amount can be offered very different rates. Lenders price risk, and they look at a handful of core factors.
Trading history and performance
Lenders favour businesses with a track record of stable or growing turnover and profit. Up-to-date accounts and bank statements help evidence this.
Credit profile
Your business credit file — and often the directors’ personal credit — indicates how reliably you have repaid in the past.
Security and term
Secured loans and shorter terms usually attract lower rates. Government-backed schemes such as the Growth Guarantee Scheme can also improve terms for eligible businesses.
Because we work across a panel of lenders, we can match your profile to the lender most likely to offer the best price.