Term Loans and Overdrafts

Every business needs bespoke funding to fit its strategic aims. That’s why we make it our business to understand your objectives before working out the best solution with you. The solutions we provide recognise the importance of devising funding packages that really do help our customers respond to their challenges.

Straightforward corporate financing to suit your needs 

Arranged through your own dedicated Relationship Director, we can deliver a facility to meet your organisation’s unique requirements. Our loans and overdrafts have simple application and approvals processes designed to serve your business.

A range of variable, fixed-rate and LIBOR loans

Perhaps you're considering new premises, require capital for growth or acuisition, or maybe you want to consolidate your debts. A term loan can provide the benefits you need.  And with flexible periods you can choose how quickly to pay back.

Key Features:

• Bank linked, Fixed or LIBOR linked available 
• Borrow any amount from £25K upwards 
• Capital repayment holidays available
• Flexible terms from 1 month to 20 years

Daily interest calculations also help reduce the cost and it's up to you whether to have capital and interest or interest-only repayment terms.  We can also provide guidance on building risk management strategy or interest rate hedging.    

Fixed-rate certainty 

In these turbulent times, a fixed-rate loan allows you to budget with certainty. You’re protected against any interest rate increases, for a period as agreed with you, to help you manage your cashflow.

Like all our solutions, fixed-rate loans have a range of options. Principal and interest payments can be made monthly, quarterly, semi-annually or annually. And the interest rate can be fixed on all or part of the underlying loan amount, for all or part of the total facility maturity. We can also provide guidance on building a risk management strategy or interest rate hedging.

Overdrafts 

A short-term finance facility is ideal for businesses with temporary or fluctuating borrowing requirements, giving you the convenience of having standby liquidity available. Your Relationship Director should be able to arrange a quick decision on an overdraft request for your corporate current account and agree your borrowing limit with you, through a simple application and approvals process.  

European Investment Bank loan

Lloyds Bank has entered into an agreement with the European Investment Bank to offer preferential loan rates to eligible Small and Medium Enterprises (SMEs) in England, Scotland and Wales turning over no more than the equivalent of €50m.  We’re committed to helping our customers and that’s why we’re supporting this scheme. If you have an eligible project, we may be able to help you reduce your borrowing costs.

Key Features
 

• Term funding minimum or 2 years
• Minimum loan amount of £25k
• Bank rate linked or Fixed rate

Typical projects supported through this fund include research and development expenditure, purchase, renovation or extension of tangible assets i.e. business premises and the building up of distribution networks in domestic or other EU markets. 
 

Enterprise Finance Guarantee

Do you have a workable business proposal but lack security or need to free up overdraft facilities? The Enterprise Finance Guarantee (EFG) enables small businesses with a workable business proposal, but lacking sufficient security, to borrow money from approved lenders.

Key Features
 

• Borrow flexible sums from £1,000 up to £1,000,000 for your business.
• Spread repayments over 1 to 10 years.
• Fixed rates of interest and capital repayment holidays available.
• Spread repayments over 1 to 10 years.

If your business turnover is £25 million or less, you may be eligible for this funding under Enterprise Finance Guarantee.

This is a tool that allows businesses of all ages which have a lending need but lack available security to raise finance, through Lloyds Bank with the Department for Business, Innovation and Skills (BIS) providing a partial guarantee for the loan.

 

_{All applications for our products and services are subject to eligibility criteria.}