What you can get

  • Borrow from £2,000 up to £25,000 over 1-5 years
  • Manage your monthly costs with a fixed rate


  • You have any Santander business current account
  • All directors, owners (shareholders) or partners of your UK-registered business are UK residents aged 18 or over
  • You have a good credit history and haven’t been declared bankrupt or had an Individual Voluntary Arrangement in the last 6 years (either the company, directors, owners or partners) 
  • You are either a sole trader or your business is a partnership, limited liability partnership, private limited company or a trust
  • You haven't been a disqualified director or a director of a failed business within the last 6 years
  • You're able to repay your fixed loan repayments by Direct Debit
  • All credit is subject to status and credit checks. We reserve the right to refuse any application

Representative example

(1|2|3 Business World customers)

  • Representative 7.9% APR
    Loan amount £10,000
    Interest rate 7.6% (fixed) p.a
  • Term 60 months
    Monthly repayment £200.99
    Total amount repayable £12,059.40

Representative example

(Business Current Account customers)

  • Representative 8.9% APR
    Loan amount £10,000
    Interest rate 8.6% (fixed) p.a
  • Term 60 months
    Monthly repayment £205.44
    Total amount repayable £12,326.40

1|2|3 Business World customers are eligible for a preferential rate. See the below table for more information.

Interest rate

The actual interest rate you're offered is based on a credit assessment of your financial circumstances. Once the loan is taken, the interest rate is fixed for the duration of the loan. Interest is calculated daily on the outstanding loan balance.

Loan amount

1|2|3 Business World customers
APR from

Business Current Account customers
APR from

£2,000 - £25,000



The maximum APR we could offer you on any loan amount is 24.9%.

To be eligible for the preferential rate on the Business Loan you must be a 1|2|3 Business World customer at point of opening.


There are no arrangement fees for setting up a Business Loan. 
Early repayment charges may apply.

Monthly Repayments

See what your monthly repayments could be with our Business Loan calculator.

I am a 1|2|3 Business World customer
Please note, you must be an existing Santander customer to apply for loans above £20,000.
If you require a business loan over £25,000, please visit Corporate and Commercial Banking

This calculator is for illustration purposes only. Santander Small Business Loans are available over terms of 1 to 5 years. We will do a credit assessment when you apply and your circumstances may affect the rate we can offer you which may differ from the representative APR.  The maximum APR we could offer you on any loan amount is 24.9%.  Credit is available subject to status. We reserve the right to refuse any application and to refuse a loan for certain purposes. Information and rates correct as at 15.03.19.

Everything you need to know before you apply

We recommend reading the information in the documents below before you apply. You may like to save or print them so you can refer to them in the future.




Other borrowing options are available, such as overdrafts or asset finance; see our business borrowing and finance options to find out more.

If you require a business loan over £25,000, please visit Corporate and Commercial Banking

Pre-Contractual Explanation

We've provided a summary below of the important information that's contained in the Pre-Contractual Explanation. The full version of this can be accessed via the link above. You should also read this before you apply.

What is a business loan?

It's money that you borrow from us. The amount of the money that you borrow, the interest rate and the repayment time period are all fixed. We don't take security for a business loan.

What checks do you need to do for me to get a business loan with Santander?

To apply for a business loan you must agree to us conducting a credit check on you. It's very important to provide accurate information in your application - we might decline your application based on the results of your credit check, or if you have provided false information.

How much do I have to pay under the agreement?

You pay a fixed amount each month by Direct Debit (made up of the original loan amount and the interest charged). Your credit agreement will detail how much you pay (in total and each month), and when the payments will be due.

What are the consequences if I do not keep up with repayments?

If you miss a repayment, we can deduct the missed payment from your other accounts with us. We will also record details with a credit reference agency which could damage your credit rating.
If you miss multiple repayments, your credit rating can be damaged and you might have legal proceedings brought against you or a charging order registered against your house.
To avoid getting into this situation please contact us if you are having difficulties in making your repayments.

Are there any features of the agreement which may operate in a manner which may adversely affect me?

You should read all documentation provided to you and consider the information carefully before taking out a business loan to make sure that it is right for you.

Your right to cancel

You can change your mind up to 14 days after you sign. If you do this, you must repay anything you owe.

Can I repay my business loan early?

You may repay the loan in full at any time before the final payment is due. Details of how to do this are in your agreement. 
A business loan is designed for borrowing a fixed amount of money for business purposes over the full term of the loan, however it can be repaid early, if you wish.

Existing customers

If you’re considering a small business loan due to short term Brexit related issues, please call or visit your local branch to book an appointment with one of our Business Relationship Managers to discuss your options. 

To be eligible for the preferential interest rate on the Business Loan you must be a 1|2|3 Business World customer at the point of opening.

A Santander 1|2|3 Business World customer is someone who holds a 1|2|3 Business Current Account (including Start-up and Switcher offers). All customers must meet the eligibility criteria for the 1|2|3 Business Current Account (including Start-up and Switcher offers) and 1|2|3 Business World offer.


Apply online

If your business has up to two directors, owners (shareholders) or partners, you can apply online.

Business Current Account customers


1|2|3 Business World customers



Apply by phone

Call us on 0800 313 4481. Lines are open Monday to Friday 8am to 6pm

Apply in branch

Call us on 0800 085 1805 to book an appointment in branch

New customers

If you’re a new customer and you’d like to open a Business Current Account and apply for a Business Loan at the same time, you can: 


Apply in branch

Call us on 0800 085 1805 to book an appointment in branch

What happens after I apply?

Our Business Loan is subject to status. If your application is approved, we'll send you a Business Loan agreement to sign and return. Once received, we'll pay your Business Loan into your Santander Business Current Account. Repayments are made by Direct Debit.

All lending is subject to status, availability and our lending criteria. The right to decline any application is reserved. The actual interest rate offered will be dependent on an assessment of your circumstances.