Average Commercial Loan RatesWeighted average interest rates for commercial loans
You need the personally identifiable information of all affiliates, officers, members or signees of the organization (including their home address for the last 3 years). You will also need your commercial information, if you are a private or public company, that includes your firm's registration number (provided by Companies House). In addition, it provides information on all jurisdictions in which you or your organization is fiscally incorporated, as well as information on your organization's financial statements or cash flow projections.
Bad ratings or scores can mean that you are billed higher interest rates or that you are given a lower loan or even refuse loans. Please note that we do not have to tell you the interest rates that we advertise or that you have seen on comparable sites. Evaluations of creditworthiness are based on the creditworthiness of individuals, entrepreneurs or managers.
Here we have a guideline for referring to a credit approval. We just need to ask you a few more than if you were an established client. However if you wish to lend more than 50,000, our fixed rate loan and variable rate loan both provide the opportunity for redemption leave.
Small credit is intended for companies with a revenue of up to £2 million. When your sales are above that, we have a range of commercial credits to suit you. It is very important, if you are already a client, that your private and commercial information closely match what we have in your files.