This product is no longer available to new customers but will continue unaffected for use by existing customers until the account or facility matures or is closed.
Loan to Small / SME Business
For the working capital requirement/ purchase of fixed assets for the business.
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Key Features
- Demand Loan / Term Loan / Overdraft.
- Minimum £100,000/-
- Maximum 20% of the projected sales or the value of the security offered, whichever is lower, subject to compliance of financial ratios as per bank’s guidelines.
- Rate of interest linked to GBP SONIA (or) Bank of England Base Rate.
- Term up to 10 years.
- To know more please visit your nearest branch.
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