Flexible Business Loan
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Vary your repayments to protect your cash flow
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Benefits
Features
Important Facts
Cash flow is the lifeblood of your business. A Flexible Business Loan allows you to protect your cash flow from seasonal fluctuations, while delivering the funding solution you need. For amounts over £25,000 a Flexible Business Loan offers a range of features that can be combined to offer flexibility, convenience and cost-effective borrowing for your business.
How It Works
A Flexible Business Loan enables you to manage seasonal changes in your trading cycle without putting pressure on your cash flow due to the flexible repayment options available. For example, instead of making equal repayments, you can vary the amount to suit the needs of your business - subject to maintaining an agreed minimum repayment. You can even overpay during more profitable periods and then redraw the funds later - so you always have access to the full potential offered by the loan.
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Benefits
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- Personal attention - dedicated pro-active relationship management
- Improved cash flow - capital repayment holidays and seasonal low start structures enable you to select a preferred repayment pattern to match your business' cash flow needs
- Flexibility - ability to make overpayments and then redraw funds later
- Tailored - a repayment option tailored to your business needs
- Versatile - aid budget planning and future development
- Save Money - make savings in interest charges by making overpayments without incurring an early repayment charge
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Features
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- Low start repayment option (this option may result in higher than normal repayments following expiry of the agreed period)
- Capital repayment holidays (interest will continue to be charged during this period)
- Choice of repayment amounts and frequency
- Ability to make lump sum repayments
- No early repayment charges
- Choice of higher repayments during your more profitable months and then redraw the funds later (this option may increase the overall interest applied to the loan)
- Repayments can be structured around seasonal fluctuations (this option may increase the overall interest applied to the loan)
- Interest only option and taking repayment holidays may increase the overall interest applied to the loan
- The first two redraws per year are free of charge. Any subsequent redraws thereafter will incur a fee.
- Personal attention - dedicated Business Partner who can make decisions - fast
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Complementary solutions
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Important facts
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Interest rate
- Variable
- Rates are individually negotiated. The actual rate available will depend upon your circumstances. Ask for a personalised illustration
Repayment type
- Interest Only and Capital & Interest
- With interest only option your repayment only covers the interest due - you will need to plan a method for repaying the capital
How is interest calculated?
Minimum amount
Maximum amount
- Negotiable
- For amounts over £250,000 you may wish to consider a Tailored Business Loan
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Minimum Term
Maximum Term
Repayment Options
- A range of flexible repayment options available
Alternative Options
What it costs
- Various fees apply - speak to your Business Partner for more details
Terms and conditions
- Normal Lending assessment applies
- No minimum redraw amount
- Security may be required
- All terms and conditions are available on request
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Your home maybe repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office 30 St Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.
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