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A business loan is a fixed-term commercial finance product providing your company with a lump sum repaid in regular instalments with interest over an agreed period. Loans are available from traditional banks and specialist lenders with terms from 3 months to 10 years.
Business loan interest rates and terms vary enormously between lenders — the same amount could cost significantly more with one lender than another. Comparing before applying protects your credit score and ensures the most competitive rate and suitable terms for your business.
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Common questions about business loans in the UK — eligibility and interest rates for commercial finance.