Business loan
Funding to help your business move forward
- Borrow from £1,000 to £50,000
- 11.2% APR representative
- Repay over 1 to 7 years
Business loan calculator
This calculator is for illustrative purposes only. Your personal and business circumstances might affect the rate we offer. The maximum annual percentage rate (APR) we could offer is 29.9%.
A representative APR is the rate that we must give at least 51% of customers who are accepted and take out the advertised loan.
You should make sure you are able to make the repayments over the full term of the loan. We reserve the right to refuse any application. Information and rates correct as of 31 March 2026.
You can apply if
- You’re an existing Santander Business Current Account holder.
- Your business is based and registered in the UK.
- You’re either a sole trader, partnership, limited liability partnership or private limited company with no more than 2 partners or directors, who own the business entirely.
- You and all other partners, members, directors or shareholders are aged 18 or over and UK residents.
- You have a good credit history and haven’t been declared bankrupt.
- The company, directors, owners or partners have not had an Individual Voluntary Arrangement in the last 6 years.
All credit is subject to status. A full credit check will be made on application.
What you can get
Borrow from £1,000 to £50,000
Rates from 11.2% APR
Flexible repayments over 1 to 7 years
Overpay at no extra cost
Book an appointment
Book a telephone appointment with one of our Business Banking Managers
To apply you'll need to provide:
- what your business turnover was for the last 12 months
- what business costs you’ve had to pay in the last 12 months, like rent or mortgage payments
- your expected business turnover in the next 12 months
- your total debt repayments each year. This includes how much you repay towards any other borrowing
- how much money you take from the business for personal use, like salary.
Other things to think about
A business loan can be used for a wide range of business purposes. You can’t use the loan for personal use or any illegal activity.
If you’re a limited company or limited liability partnership, we’ll ask for a personal guarantee as part of our agreement with you. You can find out more about personal guarantees on our dedicated personal guarantees page
Account information
The highest APR we can offer on any loan is 29.9%. The interest rate we offer you may be different, depending on your personal and business situation.
APR means Annual Percentage Rate. It shows an example for you to compare a loan against other products. This includes the interest and any fees. It's shown as a percentage.
The rate you’re offered will depend on things like your credit history and your financial situation.
- Before you start, please check that the details we have about you and your business are right. Your personal and business details must match our records and Companies House, if this applies to you. If you need to make changes to your business details, visit our change of details page to get started.
- Call our team on 0330 678 2509 to book an appointment with a Business Banking Manager.
- Before your appointment, we’ll send you reminders. These will explain what information you need to have ready.
- If your application is approved, we'll send your loan agreement and other documents to you digitally. You and any other applicants will need to read and sign these. Please keep copies of all documents for your records. We'll also set up a Direct Debit to collect your repayments.
- If your application is declined, you can ask us to review it again within 30 days. We may ask for more information to help us make a new decision. You can find more details on our Business borrowing and reviews page under ‘Appealing your application’.
- All lending is subject to status, availability and our lending criteria. The right to decline any application is reserved.
- If you’re a limited company or limited liability partnership, we’ll ask you to provide a personal guarantee as part of our agreement with you. You can find out more about personal guarantees on our dedicated personal guarantees page
- Once all the loan documents have been signed and sent back, they'll be checked and we'll confirm everything is in order. Providing everything is correct, the loan funds will be sent to your business current account. This can take up to 3 working days.
Key documents
Business Loans Key Facts Document
Terms and Conditions and Important Information
To view these documents, you may need to download Adobe Reader
If you’re a limited company or limited liability partnership, when you apply, we’ll ask you to provide a personal guarantee. You can find out more about personal guarantees on our dedicated personal guarantees page
Repayments
We’ll take your loan repayments by Direct Debit each month.
Your first payment will be taken one month after we pay the money to you. After that, your payment will be taken on the same date each month.
Your monthly payment amount will stay the same for the whole loan term.
You can make extra payments at any time before your final payment is due. You can also pay off your loan in full. Your loan agreement explains how to do this.
Online and Mobile Banking
You can see information on your Business Loan within Online Banking (but not currently within Mobile Banking). If you haven't registered for Online Business Banking or need help resetting your log on details, please visit our Online Banking page.
Annual loan statement
We’ll send you a statement every year setting out how much you’ve paid and the date your loan will end.
Managing your loan
If you wish to discuss your loan with us, you can contact a member of the team on 0330 123 9860.
Change of business details
In line with the terms and conditions of your loan, we must hold accurate details about your business and all the people associated with it. This helps us to keep your account safe. If any of your business details change, visit our change of details page to get started. This includes personal guarantees. You can find out more about personal guarantees on our dedicated personal guarantees page
Early repayment
You can make extra payments at any time before your final payment is due. You can also pay off your loan in full. If you’d like to do this, call us on 0330 123 9860.
Settlement figure
If you want to pay off your loan in full, we’ll give you a settlement figure. This is the total amount you need to pay. It includes the money you still owe and the interest up to the day you repay the loan. We’ll assume you will repay the loan within 28 days, so the figure will include interest for those 28 days.
To find out the amount needed to repay your loan in full (we sometimes call this your settlement figure), call us on 0330 123 9860. We’ll send you a breakdown including any charges that will apply.
Payment holidays
We don’t offer payment holidays for our business loans at the moment. If you’re having trouble making your payments or think you might miss one, please contact us as soon as possible and we’ll do our best to help you. Please call us on 0330 123 9860 to talk about your options.
Direct Debits
We'll set up the Direct Debit from your Santander Business Current Account. However, you can change this at any time once the loan is opened.
Paper-free
This is a paper-free account which means:
- Important documents and statements will be sent as e-Documents to your secure inbox on Mobile and Online Banking.
- You'll need to provide us with an email address when you open the account as we’ll send you an email to let you know when a document is ready to view.
- If you prefer to receive statements and other information by post, you can update your account settings once the account has been open for 24 hours. To do this, please call us on 0330 123 9860.
- Santander can provide literature in alternative formats. The formats are: large print, braille and audio CD. Find out how to register to receive correspondence in an alternative format
Money worries
We’ll do our best to help you if you think that you might be having financial problems
Borrowing options
Take at look at our other borrowing options like overdrafts and credit cards
Santander UK plc. Registered Office: 2 Triton Square, Regent's Place, London, NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England and Wales. www.santander.co.uk. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 106054. You can check this on the Financial Services Register by visiting the FCA’s website www.fca.org.uk/register. Santander and the flame logo are registered trademarks.