Commercial loans are available at competitive interest rates and repayment terms from our lending market leaders. These can be used to start or expand and develop your business or for the purchasing of equipment. Commercial loans could be the most flexible solution to meet your financial needs but its also important to consider the effect of loan repayments on your cash flow and business assets.
When looking at commercial loans you will need to assess your requirements for repayment terms and compare interest rates, known as the Annual Percentage Rate or APR, of different lenders in order to decide which loan is best for you. The repayment term can be anything between one and fifteen years on average and you have two choices with regard to interest rates: fixed interest rates and variable interest rates.
Fixed Rate: The interest rate is set at the beginning of the term of the loan, the percentage given to you being determined by your circumstances, the amount of the loan, the term and your assessed ability to repay the loan by the due date. Your monthly repayment amount remains constant, regardless of changes in the bank base rate which is an advantage if the...
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