Bionic Point Part of the Bionic Group

As previously touched on, pricing can very much vary between products, lenders and due to risk. Whilst this is a deep science, that is extremely complex, we have aimed to give you a guide, or rule of thumb if you will, regarding the types of pricing in each category;

Generally, risk is broken down into the following

Cat A+
– Best of the Best, clean business and personal credit files, profitable. Trading 5+ years.
Cat A
– Clean personal and business credit, healthy profits, trading history 2+ years
Cat B
– Minor scuffs on credit file in the past, but good recent performance.
Cat C
– Recent credit problems such as CCJs (settled) or any missed payments
Cat D
– Bad personal credit but an overall good business. CCJ’s (unsettled) or defaulted payments.

Unsecured business loan rates

(These are example rates)

These are usually broken down into the 5 categories – A+, A, B, C, D

Cat 6 months 1 Year 2 Years 3 Years 4 Years 5 Years
A+ 1.8% 2% 3.5% 5.5% 6.0% 7.%
A 1.8% 2.9% 4.5% 6.5% 8.5% 10.5%
B 4.0% 5.0% 7.0% 10.0% 13.5% 14.0%
C 7.0% 10.5% 12.0% 16.0% 18.0% 20.0%
D 9.0% 11.0% 12.5% 16.5% 18.0% 21.5%

Secured business loan rates

(These are example rates)

This is broken down into a similar risk category, but without the difference in terms.

Cat 0-24 months 24-60 months 60-120 months
A+ 2% 2% 2%
A 5% 9% 9%
B 24% 24% 15%

Working capital loan rates

(These are example rates)

Working capital; Bank Loan for Business work slightly different to term loans, in as much as they are charged monthly. Credit and risk still have a huge part to play in price. Below is a rough guide;

Cat 0-12 months 12-24 months 24-36 months
A+ 2.50% 1.10% 0.80%
A 3.50% 2.50% 1.10%
B 5.50% 3.00% 1.90%

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