Two loan offers side by side: the monthly payment, the total repaid with fees, and the difference in pounds.
Each offer is worked out as a repayment loan at its own rate and term, with its fees added to the total. The totals are what to compare, because two rates quoted on different terms and fees cannot be compared directly.
Both rates start at 0% until you enter the ones the lenders quoted.
Early repayment charges, security and guarantee terms. Read those in each offer before choosing on price.
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.
The monthly repayment on a business loan, the interest over the term and the total you repay with the arrangement fee.
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.