Rating based on 72 reviews

Bank of Scotland

Updated
  • Business loans up to £500,000
  • Low-interest starting from 7.1%
  • Repayment up to 25 years

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Bank of Scotland homepage
Author Bank of Scotland. Screenshot of Bank of Scotland website.
[Accessed September 8, 2021]

About Bank of Scotland

You are at the time in your life where you have decided to do what you have dreamed of for so long.

You are starting your own business. This is a big step in life and you have everything in order except the financing. At the Bank of Scotland, your dreams are their business.

You can apply for a loan online in no time. Whether you want to start something new, expand what you have, or just make improvements, the business loan you need is possible with the Bank of Scotland.

Get the business finance you need

Founded in 1695, the Bank of Scotland is the oldest bank in Scotland. Ever since their establishment, they have reached great heights in the banking industry by helping ordinary people become great. Their history is one of success and achievement.

Supporting people with business finance is a big deal for the Bank of Scotland. They have helped many people to use their potential and turn it into big things. By supporting local businesses they are also helping their communities grow and become better.

Business finance with care

Bank of Scotland really cares about their customers' needs. They want you to get a business loan that is suitable to your individual needs and that is fair. They adhere fully to the Standards of Lending Practice, so you can rest assured that your needs are looked after in the right way.

Business loans with choice

With the right business loan, anything is possible. Enjoy accessing a few attractive business loan options from the Bank of Scotland where you will have the freedom of choosing the best for your business. They will help you to find the right business finance match for your business needs and budget.

Bank of Scotland Services

With the Bank of Scotland, there are small business loans and larger business loans to choose from.

With a small business loan, you can borrow up to £25,000. If you are an existing member of the Bank of Scotland you can apply for a loan online in minutes.

If you opt for a business loan above £25,000 you can enjoy flexible repayment terms of between 1 and 25 years. The application process is quick and easy and their expert team will assist you with whatever you need throughout the process.

Small business loans start big dreams

When you want to start a small business and you are thinking of a small business loan you are at the right place. Often starting small is the best way to go.

Bank of Scotland’s small business loan features

  • You can borrow an amount of between £1,000 and £25,000 either by a secured or an unsecured business loan.
  • Enjoy flexible repayment terms between 1 and 25 years.
  • No funny business regarding pricing and no arrangement fees.
  • If you repay your business loan off early, there are no extra fees.

Bigger business loans you can rely on

Knowing how much you need is always key. By putting your business plan together, you might realize that you will need much more than you initially anticipated. With the Bank of Scotland, you can get the big business loan you need to prosper. With large business loans you can get the following:

  • You can obtain a business loan for £25,000 or more.
  • You will have repayment terms of 1 to 25 years.
  • They offer you fixed and variable rates.
  • They will contact you for a personalized business loan

 

Bank of Scotland – Business loan

  • Loan Type Business loans
  • Interest Rate from 7.1%
  • Loan Amount up to £500,000
  • Repayment 1 year to 25 years

Benefits of Bank of Scotland

  • Low interest rates
  • Speedy decision
  • Easy loan applications

Business loan calculator

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The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Getting a business loan from the Bank of Scotland

When you are about to take on one of the biggest ventures of your life by starting your own business, knowing that you are in good hands makes life easier.

With a small business loan from the Bank of Scotland, you can comfortably go forward knowing that they have got you.  

Know your business loan eligibility

  • The loan must be solely for business purposes.
  • You must be in a position of authority to borrow on behalf of your business.
  • You must be 18 years or older.

Step one

You can complete your business loan application online by logging in to your account and filling in the application form. Make sure that you have all the relevant documentation on hand in order to make your application smoother.

Step two

Once everything has been submitted they will review your application and request additional documentation if required. As soon as they receive that, your application will be sent for approval.

Step three

As soon as your application has gone through the process of review and is approved, you will receive your agreement for your review and signature. You will then sign if you are happy with everything and send it back.

Step four 

You will be notified when your business loan will be paid to you and on receipt thereof, you can begin to start with your planned business.

Why Bank of Scotland is better

  • They offer flexible repayment terms.
  • You will be able to choose between fixed and variable rates.
  • They have low-interest rates.
  • Quick decisions on business loans.
  • Easy loan application process.
man holding thumbs up

Bank of Scotland is a trusted & reliable provider of business loans

In our review, Bank of Scotland adheres to the compliance criteria in accordance with the Financial Conduct Authority, where the granting the loan will not cause financial distress to the consumer.

Bank of Scotland is a registered credit provider in UK: FSA 169628

Customer Reviews & Testimonials

October 2021

Great, was our surprise when we heard of the Bank of Scotland's great business loan deals. There were a few options to choose from and we soon found the fit for us. It was easy to apply and we go...

Wilbert J
— Nottingham —

May 2021

We will be recommending the Bank of Scotland to everyone who is in need of a business loan. It does not matter whether it’s a small or a big loan. Easy repayments that suit your needs. We are so ...

Griffith W
— Bristol —

August 2021

When you are thinking of taking out a business loan and you don't know where to start, the Bank of Scotland is your answer. We were surprised at how quickly and easily we got our business loan an...

Mildred Smith
— Glasgow —

Bank of Scotland Contact

Contact Number

E-Mail

  • not available

Website

Physical Address

  • 10/16 King Edward Street Perth Scotland PH1 5UT United Kingdom
  • Get Directions

Postal Address

  • PO Box 761, Leeds, LS1 9JF, United Kingdom

Opening Hours

  • Monday 09:30 – 15:30
  • Tuesday 09:30 – 15:30
  • Wednesday 09:30 – 15:30
  • Thursday 09:30 – 15:30
  • Friday 09:30 – 15:30
  • Saturday – Closed
  • Sunday – Closed