The monthly repayment on a business loan, the interest over the term and the total you repay with the arrangement fee.
It works out a repayment loan with interest charged monthly at the yearly rate divided by 12, then adds the arrangement fee to the total. A lender's own figures can differ slightly.
The rate starts at 0% until you enter the one a lender quoted.
Which lenders would offer the company a loan, at what rate, and whether they would ask for security or a personal guarantee. A funding search answers those.
Finance is subject to status and to the lender’s terms. A personal guarantee makes you liable for the company’s debt if it does not repay, and it can be enforced against your own assets, including your home. Nothing here is a personal recommendation.
Two loan offers side by side: the monthly payment, the total repaid with fees, and the difference in pounds.
Work it out →Your profit against all your loan repayments, new and existing, as the cover ratio a lender works out.
Work it out →The monthly payment on equipment or vehicle finance with a deposit and a balloon payment, and what the finance costs in total.
Work it out →Funding searches run on Swoop’s platform. Swoop Finance Limited is a credit broker and not a lender, and is authorised and regulated by the Financial Conduct Authority (FRN 936513). Buzz Accounting Ltd introduces businesses to Swoop and may receive a fee from Swoop when funding is arranged. Business funding is separate from the financial advice Equity & General Financial Services Limited gives through this website. Finance is subject to status, and a lender may ask a director for a personal guarantee.
If a lender asks you to guarantee the company’s borrowing, our advisers can advise on life cover for that debt.