Small Business Loan

No, you’re still very welcome to apply. We’ll just have to ask you a few more questions than we would if you were an existing customer. 

You’ll need the personal details of all the partners, directors, members or signatories of the business (including their home addresses for the last 3 years). You’ll also need your business details, including your Company’s Registration Number (provided by Companies House) if you’re a limited company. Also, details of any countries you or your business is registered for tax purposes in and details of your business' year-end accounts or cash flow forecasts.

Afraid not. However, if you were looking to borrow over £50,000, our Fixed Rate Loan and Variable Rate Loan both offer the option for repayment holidays.

Yes, customers who have a turnover of more than £2m, or are commercial customers, can now apply for a Small Business Loan.

If you're an existing customer, it’s really important that your personal and business details are close matches to what we have on your file. If they're different, it will be worth updating them before you apply.

If in doubt, please check what is on file at Companies House and update any out of date information before you apply.

Please be accurate with your income declaration. If we believe you can't afford the repayments on the amount you apply, you may be declined.

For instance, if you declare an income of £250,000, and we see £180,000 going through your Royal Bank account, your application may be referred or declined.

Small Business Loan fact sheet (PDF, 111KB)