Fixed Rate Commercial Loan | Royal Bank of Scotland

Fixed rate commercial loan

Peace of mind, with the certainty of set repayments

Get in touch
Get in touch
New customers

0800 073 2257
Minicom
0800 404 6160

Mon to Fri 9am-5.00pm (excl. public holidays)
Calls may be recorded.

Existing customers

Please speak to your relationship manager.

Security may be required. Product fees may apply. Over 18s only.
Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on a mortgage or other debt secured on it.

Our fixed rate commercial loan offers:
Flexible repayments

Plan for the future with payments that won't change over the term of your loan, for up to ten years. You can have the option to apply a fixed rate with either zero or defined early redemption costs (ERC). If you are looking to remove your exposure to variable interest rates but believe at some point during the loan you would like to make over payments, electing a fixed rate with zero ERC would enable this. If you do not think you will prepay the loan in whole or in part, a defined ERC will provide a lower fixed rate.

Choice of loan amounts

Could investing in new equipment give your business a boost? Maybe you’re looking to refurbish your property or start a new project? Whatever your plans, you could borrow from £25,001 up to £10,000,000 to get them started with our Fixed Rate Commercial Loan.

Repayment holidays

Take a break from making capital repayments. Interest is charged during the repayment holiday and your payments may increase afterwards. This is only applicable at the beginning of the term and not available mid-term.

Simple steps for your business lending application

Whether you’ve been with us for years or you’re a new customer, you can help us process your application swiftly.

Just have the right information ready when you apply. This includes:

  • What do you need to borrow the money for?
  • How much do you need to borrow?
  • How long do you want to repay the loan?
  • Who are the owners/directors and what sort of business is it?

In addition, there are some specific documents we need to see dependent on your company size and past history with the bank.

Borrowing over £25,000

In addition to the above, we need to establish the current and previous financial performance of your business. We would look to see at least one of the following:

 

Year-end accounts

Ideally 2 years worth

Tax returns

Again, ideally 2 years worth

Business bank account statements

6 months worth

 

We also require information about what your business owns and what it owes to make sure your business is not over exposed to debt and you’ll be able to manage the repayments.

 

Proof of assets and debts

Details of any property, equipment, existing loans, mortgages, hire purchase or other monies owed.

 

If you need further explanation, try our section on understanding business finance basics.

 

 

View understanding business finance basics

 

 

Where the amount of lending exceeds £25,000 we will ask for all of the above information as well as the following:

 

Owner investment in business

This gives us a good indicator of your commitment to the business.

Other business interests

We need to understand your level of involvement in the business and your track record.

Assets and security

For certain lending options, we may require some form of security such as a property, director’s guarantee or other assets to secure the funding. If security isn't available, there are other options such as government-backed and non-bank funds and schemes.

More about funds and schemesOther sources of finance

 

DownloadChecklist pdf (235kb)

New to Royal Bank of Scotland

With no evidence of past financial performance, we would ask to see details of what your new venture will look like. We would also ask to see the following information from existing businesses that are expanding or taking a major change of direction.

 

Business plan

A detailed document describing the nature and structure of your proposed business.

Cash flow forecast/profit and loss

Financial projections to give us an idea of likely incomings and outgoings.

For help download one of our useful tools:

 

Cash flow forecast template (.xlsx 23kb)


Cash flow forecast guidance notes (pdf 703kb)


Checklist (pdf 235kb)

Profit and loss template (.xlsx 29kb)


Profit and loss guidance notes (pdf 1.1mb)

Get in touch

If your business has a turnover over £2m, contact us to find out more or get started on your loan application.

New customers

0800 073 2257
Minicom
0800 404 6160

Mon to Fri 9am-5pm (excl. public holidays)
Calls may be recorded.

Existing customers

Please speak to your relationship manager.

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