Clydesdale Bank Business Loans

If you're looking for a small business loan, Clydesdale Bank offers a couple of funding options that are worth considering. To save you some time, we've put together this quick guide to give you an overview of the core funding products on offer to small businesses from Clydesdale Bank. 

Clydesdale Bank Business Loans

There are a number of Clydesdale Bank business loan products currently available, ranging from £25,001 to £10,000,000, with either fixed or variable interest rates. Terms range from 1-15 years. Here are the main products to choose from:

Clydesdale Bank Flexible Business Loan

• You can borrow £25,000 or more for a term of 1-15 years
• You can vary repayments to suit your business needs, such as overpaying and redrawing funds (fees apply)
• You can save on interest if you make overpayments
• You can take capital repayment holidays 
• Security may be required

Clydesdale Bank Business Investment Loan

• Can be used as a means to fund business growth, such as purchasing business premises or assets
• You can borrow £25,000 or more
• You'll need to own the freehold or leasehold premises that your business operates from
• You can choose from a range of repayment options
• Security may be required

Clydesdale Bank Term Loan

• You can choose from a short, medium or long term repayment option
• Interest on these loans is calculated daily and applied monthly and quarterly
• This loan can be used for working capital, asset purchase or premises purchase
• You can opt for interest only or capital & interest repayment options
• Security may be required
• There are no arrangement fees on term loans up to £50,000

In addition to the above, you can also look into Clydesdale Bank's overdraft and business credit card products. The bank also a delivery partner for the Government-backed Enterprise Finance Guarantee, which is worth looking into if you have no security to offer as collateral against a loan. You can use this as a means of borrowing between £25,0001 to £1.2 million over a term of 1-10 years. 

Alternative finance providers

Along with traditional banks such as Clydesdale, there are many alternative finance providers that can also offer businesses the funds they need to grow and thrive. Often, such lenders are able to offer more flexible terms than the main banks, along with being able to deposit funds much quicker than the top tier lenders. 

One such lender is Fleximize, who specialize in offering small businesses both secured and unsecured business loans which come with a roster of flexible features. If you want to find out more, feel free to give the team a call on 0207 100 0110. Or, if you've already done your research and are ready to apply for a Fleximize business loan, you can do so by clicking on the button below.

Get started: Apply now

*Image provided courtesy of Benjamin Brock via Wikimedia Commons.