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Lloyds Bank

Updated
  • Business loans up to £500,000
  • Low-interest starting from 5.1%
  • Repayment up to 25 years

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

About Lloyds Bank

Business loans that help Britain grow.

Being in the business of assisting ordinary Britons to achieve greatness and success goes back to 1695. The official Lloyds Banking Group was formed in 2009 when a host of well-known establishments merged and became the success story they are today.

They know what a business loan can mean

The bank was formed by two already successful businessmen from Birmingham together with their two sons. The first, John Taylor, had a very prospering toy-making business and was famous for his enameled snuffboxes among other things.

His partner, Sampson Lloyd, who was a Quaker, had inherited his family's iron business and was equally successful in his business endeavors. Together they knew what was needed and started the legacy known today as Lloyds Bank.

Business loans that keep up with the times 

We live in an ever-evolving world especially in the business industry and getting the right business loan is crucial. This is why Lloyds Bank has made it one of their main priorities to constantly improve themselves.

You can enjoy dealing with a company that ensures that the products and services they provide are always up to date. Their processes are getting simpler, every time they transform digitally and that happens on a regular basis.

Business loans to help you thrive

Enjoy accessing a business loan in the UK from a company that is constantly upgrading and simplifying things so you can enjoy the benefits. They want to see their customers succeed and will stop at nothing to achieve that.

They have a solution for every situation in the business. If you are starting your own business and need a business loan, they have the answer. Maybe you have been wanting to expand with your existing business and need a business loan to help you grow. 

Lloyds Bank Services

When it comes to business loans from Lloyds Bank, you can rest assured that you are not just another customer.

With them, every customer is taken seriously. They equip them not only with a business loan but also with help and support in other areas of business. 

Small business loans from Lloyds Bank 

Sometimes you need to consider a few things when planning your own business. One of these things is starting small for various reasons. With a small business loan from Lloyds, you can borrow up to £25,000.

These small business loans online loans. They come as secured or unsecured business loan options, either with variable or fixed-rate terms and once approved, they are paid out within 48 hours.

When a bigger business loan is better

With a larger business loan from Lloyds Bank, you can apply for an amount larger than £25,000. These business loans have a simple inquiry process where a personalized quotation will be discussed with you. There are recovery loan schemes available with a larger business loan amount.

Hire purchase helps you achieve success

With the option of hire purchase, you have the opportunity to invest in assets without payment upfront. You can manage your cash flow better and still have everything you need with the advantage of paying it off over time and opting to purchase those assets at the end of your term.

Benefits of hire purchase

  • They can fund up to 90% of your asset purchase price.
  • They have flexible repayment terms of between 12 to 60 months.
  • You can claim any capital allowances.
  • After the repayment and purchase fees are paid, you can keep or sell the asset.

Lloyds Bank – Business loan

  • Loan Type Business loans
  • Interest Rate from 5.1%
  • Loan Amount up to £500,000
  • Repayment 1 year to 25 years

Benefits of Lloyds Bank

  • Make additional payments  
  • Have access to your transactions and statements
  • Fast loan application

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.

Help your business grow with a business loan from Lloyds Bank

Even if you just need a business loan to invest in business equipment and keep your cash flowing.

Lloyds Bank can be there for you. If you are ready to take a big step and have everything figured out except the business loan, Lloyds Bank has the best business loan solution for you.

Business loan criteria

  • You can only get a business loan for business purposes.
  • With a small business loan, the amount is only up to £25,000 and with a larger business loan, the amount starts from £25,001.
  • You need to be in an authoritative position within the business to apply for a business loan.
  • You must be 18 years or older.

Before you start your application process

When applying for a business loan from Lloyds Bank, you need to ensure that you have the following information on hand and available:

  • The amount you want to borrow and the term over which you want to borrow.
  • How the business loan will be utilized for success and how you will be repaying your business loan.
  • Full disclosure on the business, expertise, and track record of the owner.
  • How much you have already invested in the business.
  • Full details on assets available for security, the estimated value of the business, and any loans you already have.

The business end of a business loan

Step one

The first thing is to make use of their online business finance selector tool to find the tailor-made business loan that you deserve.

Step two

Once you know what you need you can apply for your business loan in two ways. You can call a friendly and capable advisor or you can fill in the easy and convenient online business loan application form, supply supporting documents, and submit.

Step three 

Once you have completed and submitted it, they will review your application and contact you to discuss your application if necessary.

Step four

On approval of your application, they will notify you in writing. You will be sent the contract papers for signature and they will then notify you when your business loan amount will be available.

A business loan from a trustable team

Whatever the situation maybe, if you want to start small or expand on what you have, Lloyds Bank has been there for its customers on every level of business. Choosing to start your business venture needs added peace of mind knowing that you have a team like Lloyds Bank on your side.

Here is why Lloyds Bank is a good choice

  • You can borrow the amount that is best suited to you.
  • They offer fixed and variable business loan
  • There are flexible repayment terms available.
  • Offering you more than 240 years of experience.
  • Transparent, trustworthy and reliable service.
man holding thumbs up

Lloyds Bank is a trusted & reliable provider of business loans

In our review, Lloyds Bank 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.

Lloyds Bank is a registered credit provider in UK: FSA 119278

Customer Reviews & Testimonials

April 2021

We wanted to start our own business for a while now but we were not sure where to get the best finance. Then we came across Lloyds Bank. They were so friendly and helpful and the whole process wa...

Jenson S
— Nottingham —

May 2021

If you are thinking of starting your own business and need the right, expert advice that you deserve, give Lloyds Bank a call. They helped us with a tailor-made solution to all our business loan ...

Logan A
— York —

September 2021

The opportunity has arisen for you to start your own business. You have everything in place but don't know where to get a business loan? You can get all the help you need and deserve from Lloyds ...

Harvey G
— Birmingham —

Lloyds Bank Contact

Physical Address

Opening Hours

  • Monday 09:00 – 17:00
  • Tuesday 09:00 – 17:00
  • Wednesday 09:30 – 17:00
  • Thursday 09:00 – 17:00
  • Friday 09:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed