Your best fit: A Momentum Loan

This loan could suit you if:

• You’ve been trading for 12+ months
• You’re investing in growth (equipment, staff, stock, premises, marketing)
• You want tailored support and flexible terms
• You can provide a personal guarantee

A Momentum Loan might isn't the right fit if:

• You're a pre-start or not yet trading (see our Start Up Loan instead)
• You’re looking for short-term personal credit
• You prefer a 100% digital, no-human process

Your eligibility depends on your business, circumstances, location and the finance you're applying for.

We don't lend to businesses based in Scotland, or ones operating in the gambling, adult entertainment or mining sectors.

We also can't lend where a founder or director has an active CCJ, IVA or bankruptcy.

A Momentum Loan has a one-time arrangement fee of 4.5% of the amount borrowed.

Your monthly repayment depends on how much you borrow and the repayment term. For example, based on a five-year repayment term:

• £250,000: £6,214 monthly repayment, £11,250 arrangement fee
• £200,000: £4,971 monthly repayment, £9,000 arrangement fee
• £150,000: £3,728 monthly repayment, £6,750 arrangement fee
• £100,000: £2,486 monthly repayment, £4,500 arrangement fee
• £75,000: £1,864 monthly repayment, £3,375 arrangement fee
• £50,000: £1,263 monthly repayment, £2,250 arrangement fee
• £25,000: £632 monthly repayment, £1,125 arrangement fee

Funding decisions are typically made within 1 to 2 weeks, subject to your application being assessed and approved.

Yes. You can repay your Momentum Loan before the scheduled end date. If you do, you'll be charged 3.5% of the settlement figure.

You'll need to provide a personal guarantee for a Momentum Loan. Additional security may also be required, depending on your circumstances.

Yes. The Growth Guarantee Scheme may be available for a Momentum Loan, subject to your circumstances and the applicable eligibility criteria.

Momentum Loans can be used for virtually any business purpose. Most applications relate to working capital, capital expenditure investment, or refinancing short-term loans.

Momentum Loans offer businesses up to £250,000 of finance.

Yes. A business must have been trading for at least six months to qualify for a Momentum Loan.

You'll be assigned one dedicated Loan Manager who will guide you through the process and answer any questions along the way.

Possibly. We assess every application on a case-by-case basis. Previous bad credit won't automatically disqualify you. However, we can't offer a loan to businesses whose founder or director has an active CCJ, IVA or bankruptcy.

The documents required depend on your business and funding requirements. Typically, we'll ask for recent accounts, bank statements, forecasts and Open Banking access where appropriate.

Open Banking lets us view your financial data securely so we can make quicker, fairer decisions. You choose what to share, and we only see what’s needed for your application.

For limited companies, directors will usually be asked to provide a personal guarantee.

Sole traders and partnerships borrow in their own name and are personally liable. In some cases additional security may be required.

Your Loan Manager will explain what applies to your application.