Business Loan | Ulster Bank

Overlay

Application waiting times

Due to high demand, it may take longer than usual to answer your call and process applications. 

To apply online you must be trading as a sole trader, partnership or limited company in Northern Ireland. Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.

Add your signposting title here…

Business Loan



Looking for funding to support your business through challenging times?

Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.

Key Product Information
 

Borrow from £1,000 upwards, subject to approval

Loan interest rates are linked to the Ulster Bank base rate

Flexibility to reduce your borrowing at any time during the term of your loan

Minimum arrangement fee of £150 applies for loans up to £15,000. Above £15,000, an arrangement fee of 1% will apply

Changes in the Ulster Bank base rate may require a review of your regular instalment amounts

 

Eligibility
 

All lending is subject to financial status and conditions and is for business purposes only

You must be over 18 years of age

You must be resident in the United Kingdom

 

*Base rate information
Lending Rate %
Ulster Bank base rate (Effective from 19th March 2020) 0.10%

 

Please note that, for the purposes of interest rate calculation, where Ulster Bank base rate is below zero, it will be deemed to be zero.

 

Capital Repayment Holiday for Existing Business Loan Customers

  • If you're an existing Ulster Bank North business customer and your business has been impacted by coronavirus, you could be eligible for a repayment holiday on your existing business loan.
  • Repayment Holiday is available for up to 12 months.
  • If you have already had a repayment holiday or your current repayment holiday is coming to an end, you may be eligible to apply for a further payment holiday up to a total of 12 months, including any payment holiday already taken.
  • Interest will accrue during any repayment holiday, meaning it may take longer to repay the loan and cost more in the long run.

Existing loans capital repayment holidays - Apply online and we will contact you within 3 days. 

 

Due to high demand it's taking longer to process applications, please bear with us. 

Ready to apply? Lets get started…


 

The online application takes approximately 8 mins to complete

Simply provide the following information and we'll do the rest:

 

How much you would like to borrow and over what term

 

The purpose of the loan

 

Details about you and your business

We'll give you a call to confirm financial information

We're keen to get to know you and your business. Once we've received your application we'll give you a call to run through your business finances

 

Once we have the information needed we aim to give you a decision within 2 working days

Start my Business Loan application

Important information 

 

Formalities include the use of Credit Reference Agencies who will note that an enquiry has been made about you. If you borrow and do not repay in full, within the agreed terms, Credit Reference Agencies may be advised and will note the outstanding debt. This may affect any future applications for credit facilities through the Ulster Bank Group of Companies or other lenders. All Ulster Bank credit facilities are subject to Lending criteria, Terms and Conditions.

Need more help?

Do I need to be an Ulster Bank customer to apply online?

No, you are not required to open or maintain a business current account with us in order to obtain or manage a business loan. 

 

In some circumstances you will be required to open a fee-free loan servicing account. 

 

A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

Can I switch my business current account to another Bank whilst retaining my loan with you?

You are able to switch your Business Current Account to another provider while retaining your business loan with us.

 

We may require you to open a fee free loan servicing account and will confirm if this is required as part of the switching process.

 

A fee-free Loan Servicing Account is not a Business Current Account. This account will purely be used to facilitate your loan and will be free of any transaction charges.

Can I switch my business banking to another Bank whilst retaining my business loan with you?

You are able to use another provider to manage your business banking while retaining your business loan with us.

Why has my application been declined?

Unfortunately as much as we want to support businesses, we can't approve all lending requests. If you don't agree with the decision we have made you can appeal, or alternatively consider alternative sources of funding.

Not found what you're looking for? Contact us for help

Call our dedicated team
Contact us

General enquiries

Please call 0345 366 5592 (UK)

or if calling from abroad, 0044 2890 538459

Lines are open 8.30am - 5.30pm  Monday to Friday - Note calls may be recorded  Call charges

 

 

Request a call back Email us
Set Tab for lightbox