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Business Loans

Sometimes you need a little boost to get things going. If your business needs a cash injection our Business loans can help. Whatever you need the money for, we offer a range of terms, so we can help you find the best option for your business.

One simple rate

Borrowing less than £25,000? You’ll get a fixed rate of 10% APR (Fixed). We’ll agree a rate with you for bigger loans... 

Terms to suit you

With loan terms from 1 to 5 years, you can choose the loan that’s right for your business.

No arrangement fees

If you’re borrowing less than £25,000 you won’t pay arrangement fees. For bigger loans, it’s 1.75% of the loan amount. 

Personalised service

Just pop into a store and see your Local Business Manager, or give us a call on 0345 08 08 508.

How much can I borrow?

Interested in a business loan? Use our loan calculator to work out how much you can afford to borrow and what your monthly repayments might be.

What you need to know

We’re up front with our customers about everything. We’ve created this handy summary of our Business Loan key features so you can see the important information from the get-go.

LoanInterest rateLoan termArrangement feesOther fees we may charge
Under £25,000 10% APR fixed 1-5 years Zero Security, valuation, legal and/or admin 
Over £25,000 Subject to status 1-5 years Max 1.75% of loan amount Security, valuation, legal and/or admin

APR stands for annual percentage rate. It’s intended to give you a more accurate idea of how much you are being charged when you borrow money. It takes into account the interest on the loan and other charges you have to pay, for example any arrangement fee.


Eligibility

If you’re thinking about buying business property, equipment, or simply refinancing, come into a store and talk to your Local Business Manager about a loan. We’ll make a decision on lending to you depending on your financial status.

You’ll need to have a Metro Bank Business Bank Account, Commercial Current Account, Community Current Account, Business Start-Up Account (account no longer available) or a Business Switcher Account (account no longer available) to apply for a Business Loan, and we may need some security.

Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a loan or other debt secured on it.

See what you need to open a business account


Interest on Business Loans

  • Loans up to £25,000 have an interest rate of 10% APR, fixed for the life of the loan.
  • For loans over £25,000, we’ll agree an interest rate with you, subject to your status.

Interest is calculated daily and charged monthly. Your annual statement will show how much interest you have paid and when.


Get all the details to read at your leisure

Download our PDF to read when you like - it contains all the ins and outs of our Business Loans.

Business Loans Details (PDF) (170KB)

Our Service Relationship with Business Customers (PDF)(1.1MB)

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FAQs

Got a question about banking at the Post Office? Find your answers here.
For any addional questions you can contact commercial.support@metrobank.plc.uk 

  • Can I set up a loan without having a Business Account with Metro Bank?

    No. You’ll need to have a Metro Bank Business Bank Account, Commercial Current Account, Community Current Account, Business Start-Up Account (account no longer available) or a Business Switcher Account (account no longer available) to apply for a Business Loan, and we may need some security.

    Find out about our Business Current Accounts

  • What kind of security do you require on business loans?

    Security may be required for a Metro Bank Business Loan – but each application is decided on an individual basis. We may ask you for one or more types of security, for example a guarantee and indemnity from a third party / group entity / from directors or members of the borrower, or security over property such as land or a bank account.

    The security we will require for your loan will be decided on a case-by-case basis.

  • What’s the difference between Business Loans and Asset Finance?

    Asset Finance is an alternative kind of business loan that can only be used to buy capital equipment. It includes hire purchase and finance leasing options to fund the purchase of business assets, typically plant and machinery, yellow goods, commercial vehicles and trailers, or cars and vans.

    Find out more about Asset Finance

    Business loans can be used for things other than capital equipment as well – for example spreading the cost of a large tax bill.

Your ways to bank

Online

Metro Bank 24/7. Check balances, make payments, see transactions and open new accounts any time - all with internet banking.

Mobile

Control your money on the move with our mobile banking app. Check balances, move money, make payments and more wherever you are.

In-store

A friendly face and a quick answer. And all the usual payment services too. We're open 362 days a year.

Telephone

If you need help you can talk to a real person in our UK contact centre 24 hours a day, 7 days a week, 365 days a year.

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Choose the right finance option to nurture and expand your business by reading our helpful guide to borrowing wisely.

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Internet banking for business

Which online banking solution is best for your business? Get the basics, add Bacs and CHAPS, or go for our full commercial platform.