Business loans | Business loan calculator | Barclays (2024)

• A business loan is money lent to a commercial enterprise by financial institutions, such as banks, credit unions and non-financial institutions, like government bodies. Loans can range from small loans for everyday business to large loans for expanding operations.

  Our business loans are a straightforward way to finance your business – you can use them for a variety of reasons.

  You might need extra money to take advantage of an exciting expansion opportunity, provide cashflow flexibility or invest in new equipment. We’re here to support your business at every crucial stage.

  We’ll give you an estimation of what your loan APR rate is likely to be before you apply, without affecting your credit score. Then you can apply in Online Banking or the Barclays app¹.

• It's simple – we'll give you flexible borrowing options for your business on amounts up to £100,000.If you need to borrow more than £100,000, you’ll need to apply for a secured business loan instead.

  You'll need to make regular repayments, including interest, until your loan's repaid. This will be described in your repayment schedule. There's a 15.1% APR representative on loans of £1,000 to £25,000. We'll tell you the APR for loans above £25,000 when you apply.

  Use our business loan calculator for an indication of what an unsecured loan of up to £25,000 could cost.

  After that, you can apply in Online Banking or the Barclays app if you've already got a business account with us and a provisional lending limit. Once your application is approved, you’ll usually have your money within 48 hours of signing the paperwork.

  If you already have a business account with us but can't see your provisional lending limit, get in touch with your usual business contact or call us²on 0333 202 7431.

  If you're new and don't yet have an account, call us on 0800 515 462³. We’ll explain which documents and financial statements we’ll need to see when you apply.

• If you’re ready to apply, we’ll need some information about you and your business, including:

  o Your trading accounts

  o Your current business plan

  o Your profits and losses

  o How you’re planning to use the loan.

• 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.

• Your business will need to be based in the UK to get a business loan with us.

• 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 offeringcapital repayment holidayson loans over £25k¹¹.

  If you originally borrowed less than £25k from us, you could be eligible for a three-month repayment holiday for your business loan.¹².

  Call us on 0333 202 7431to see how we can help².

1. You need to be 18 or over to access this product or service using the app. T&Cs apply^{Return to reference}

2. Lines are open 8.30am to 6pm, Monday to Friday. To maintain a quality service, we may monitor or record phone calls.Call charges^{Return to reference}

3. Lines are open Monday to Friday, 8am to 6pm. To maintain a quality service, we may monitor and record phone calls.Call charges^{Return to reference}

4. Not available for all industries and subject to normal lending assessment, status and application. Terms and conditions apply.^{Return to reference}
   

5. This may include a loan agreement form and a guarantee (if limited) – a legally binding agreement that allows someone to be personally liable for the obligations of the borrower. For example, an individual may guarantee a limited company’s loan^{Return to reference}
   

6. You can choose your loan terms providing the loan term doesn't exceed the life of the asset.^{Return to reference}
   

7. Interest will continue to accrue on the loan and is calculated within future repayments.^{Return to reference}

8. Subject to application, financial circ*mstances and borrowing history. Terms and conditions apply.^{Return to reference}

9. To maintain a quality service, we may monitor or record calls. Call charges.^{Return to reference}

10. You need to be 18 or over to access this product or service using the app. Terms and conditions apply.^{Return to reference}

11. Subject to credit criteria.^{Return to reference}

12. We’ll confirm payment terms and charges during the application. Even though you’re not making payments during the repayment holiday, we’ll still charge interest on your loan during this time, at the rate stated in your loan agreement. This means that the total amount you’ll have to repay will be more with a repayment holiday than without one.

    You can pay the accrued interest back whenever you like – you don’t have to wait until the end of your loan. If you have a payment due in the next ten days, your holiday will start from the month after you apply.

    Subject to eligibility criteria, terms and conditions.^{Return to reference}

13. Business overdrafts are subject to application, financial circ*mstances and borrowing history. Terms and conditions apply.^{Return to reference}

14. Barclays Bank UK PLC as a credit broker, not a lender. Propel acts as a lender for business customers only. Finance is subject to application, financial circ*mstances and borrowing history. Terms and conditions apply. Propel Finance Plc is registered in Wales, Company no 04015132. Propel Finance No. 1 Limited is registered in Wales, Company no 10003271. Registered offices are at Unit 5, Langstone Business Village, Langstone Park, Newport, NP18 2LH.For full terms & conditions pleaseclick here.^{Return to reference}

15. Business mortgages are subject to application and status. Security may be required. We offer a fair appeal process should you feel we've not taken all your circ*mstances into consideration.^{Return to reference}

16. We show you other options because we want to make sure you make the best decision for your business.^{Return to reference}