Fixed interest rates
No need to worry about sudden changes in interest rates. We'll give you a fixed rate for the life of the loan.
Business loans
You know your business. We know how to help.
We could help you expand, invest in equipment or borrow working capital with secured and unsecured business loans – or you could see if the government-backed Recovery Loan Scheme is suitable for your needs.
What is a business loan?
A business loan is a straightforward way to finance your business. If a business opportunity presents itself, but you need substantial funding to take it up, we’re ready to help you explore if it’s right for your business.
Flexible borrowing for your business
Personalised quote - with no credit footprint
Borrow up to £100,000 online1
7.9% APR representative on loans of £1,000 - £25,000.
APR for loans above £25,000 provided on application.
When you bank with us and as we get to know your business, we’ll give you a provisional lending limit, which we’ll update daily.
We’ll tell you what your loan rate is before you apply – this won’t affect your credit score. Then you can apply in Online Banking or the Barclays app.
Types of business loan
Unsecured business loans – borrow up to £100,0001
Apply for an unsecured business loan if you need a quick and straightforward way to finance your business.
Choose your term
Fixed interest rates, so you’ll always know what you’ll be paying
Take a six-month repayment holiday at the start of your loan. Interest will continue to accrue and will be included in your repayments
If your loan is approved, you’ll usually have the money within 48 hours of signing the paperwork2, giving you the certainty and confidence to take your business to the next level.
Secured business loans – if you want to borrow more
If you want to borrow more than your provisional lending limit, you’ll need to apply for a secured business loan by calling us.
Set your repayment terms, up to 20 years
Fixed or variable rates to choose from
Interest-only repayments available (subject to status and application)
If you have a Barclays business account, give us a call on your usual number or 0333 202 74313.
If you’re new to Barclays call us on 0800 515 4624. We’ll need to see certain documents and financial statements when you apply.
Business loan calculator
Our business loan calculator gives you an indication of what an unsecured loan of up to £25,000 could cost. To get an instant quote, select the amount you wish to borrow and the term over which you’d like to repay your loan.
Flexible terms available
Spread repayments of your loan from one to ten years5.
Repayment holiday
Option to have a six-month repayment holiday at the beginning of your loan6 (subject to application).
Amount
Term in Months
Monthly repayment
The same every month
Total amount payable
Loan required
Based on the details you entered
Representative example
APR Representative
based on a loan of
repayable over
months
at an interest rate of
per annum (fixed)
.
Monthly repayment of
.
Total amount payable
.
Representative APR applies to loans of
- APR means annual percentage rate of charge. It is an illustrative rate that lets you make comparisons against other products. It reflects the annual cost of credit, taking into account the rate of interest and any fees charged for taking out the loan.
- Representative Annual Percentage Rate (representative APR) means the highest rate we expect that at least 51% of customers to get, when entering into a loan agreement in response to an advert. It is based on our reasonable expectations of what customers are likely to receive, taking into account the APRs of past agreements
This calculator is just an indication of what your loan or overdraft could cost. You can get a business lending quote now, with no impact on your credit score – simply select the ‘See if you’re eligible’ button.
Frequently asked questions
-
No, but you do need to have a business account with another bank to apply for a business loan with us.
-
Yes, we’ll only accept applications from the business owner or in line with the bank mandate for a loan.
-
Yes, we’re offering capital repayment holidays on loans over £25k7.
If you originally borrowed less than £25k from us, you could be eligible for a three-month repayment holiday for your business loan.8.
Want to check your eligibility before you apply?
In many cases, we can let you know upfront whether you’re likely to get the business lending you want – with no impact on your credit rating. If you already have a business account with us, you can log in to see any business lending limits you have.
If you don’t bank with us, or can’t access Online Banking, you can check your eligibility before you apply.
Ready to apply or want to find out more?
If you’re ready to apply, we’ll just need some information about you and your business, such as
- Your trading accounts
- Your current business plan
- Details of profits and loss
- Details about how you’re planning to use the loan
We’ll try to give you a full decision within a few days but sometimes, we may need a little more information from you. If we do, we’ll get in touch.
Our loans aren’t available for all industries and are subject to normal lending assessment, status and application. Terms and conditions apply.
I have a Barclays business account
Log in to Online Banking to see your provisional lending limit. If you don’t have access to Online Banking, give us a call on your usual number or 0333 202 74313. Lines are open Monday to Friday, 8am to 8pm.
I’m new to Barclays
Call us on 0800 515 4624 to see how we can help. Lines are open Monday to Friday, 9am to 5pm. We’ll need to see certain identification documents and financial statements when you apply.
You may also be interested in
Business mortgages
Choose from our range of business mortgages, and get the right kind of support with our specialist industry knowledge9.
Borrow from £25,000
Buy new premises or release equity from your current buildings
Fixed and variable rates available
Overdrafts for everyday cashflow
An arranged business overdraft lets you borrow cash if you’re facing a short-term cashflow issue10.
Borrow up to £50,000
One monthly fee for the overdraft
Interest is charged daily on the amount borrowed
Asset finance
Optimise your cashflow with bespoke asset finance – provided by our partner Propel11.
Spread the cost of your business assets over time
Budget with confidence
A source of funding to help you maintain liquidity without affecting your cashflow, working capital or other borrowing
Recovery Loan Scheme
Supporting your business following the pandemic
Get the financial support you need to help your business recover and grow following the pandemic, through this government-backed scheme.
You can apply up to 31 December 2021, subject to review.
Insights to help you make better business decisions
SmartBusiness Dashboard
See your most important business and banking information, all in one place – free with the all-new SmartBusiness Dashboard.
Barclays Local Insights
See insights about your local community, a region – or all of the UK – that could help your business grow.
Other funding options
Compare our business borrowing with borrowing offered by other lenders12. You can find out more about the government’s Bank Referral Scheme [PDF, 1.4MB], including eligibility information.
Funding Options
Its award-winning technology searches the market to find the right funding for your business’ situation. It’s quick, easy to use, and their team’s on hand if you need help.
Alternative Business Funding
It offers a free and easy way to find different funding options, focusing on making things simple for business owners who don’t have much time on their hands.
Funding Xchange
It shows you competing offers from lenders, to make sure you see the best terms. You’ll see quotes from up to 45 lenders, in a simple format, so you can easily compare and choose the offer that’s best for your business.
Swoop
It shows you the broad range of funding options that are available to businesses across the UK and Ireland. After assessing your needs, it matches you with the right solution from over 1000 providers.