Business Loan | Ulster Bank

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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.

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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.

Coronavirus Business Interruption Loan Scheme (CBILS)

If your business has been impacted by coronavirus, we will be able to consider your loan application under CBILS.

 

The loan information listed below is for a standard Business Loan and not all terms are applicable to the CBILS loan. For information about CBILS loan and eligibility criteria visit our coronavirus support hub and complete the CBILS online application below to be considered.

 

Security may be required.

Due to high demand, please only call if you need urgent assistance. It's also taking longer to process applications, please bear with us.

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%
3 Month Libor Rate (Effective from 15th October 2020) 0.00%

 

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 are an existing Ulster Bank North customer you could be eligible for a Capital Repayment Holiday on your Business Loan.
  • Capital Repayment Holiday is available for up to 6 months.
  • 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 Start my CBILS Loan enquiry

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 - we welcome applications from all customers wishing to apply for a business loan

What happens once my application gets approved?

We'll provide you with the correct form to sign, and once returned we'll transfer the money.

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
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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

 

 

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