Fast and flexible borrowing, could be suitable for small to medium businesses.
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Discover the right business funding for you
Business Loans and Finance
Small Business Loan
- Fast, simple online application
- No arrangement or early repayment charges
- Fixed rate of interest
A personal, director or member's guarantee may be required. Over 18s only. Subject to status, business use only.
Borrowing amount
£1,000 - £50,000, subject to approval
Repayment terms
1 – 7 years
Representative APR
12.24% APR Variable
ⓘ
This rate is available for loans between £10,000 and £19,999. Other amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.
Fixed Rate Loan
Fixed repayments to assist your financial planning.
- No early redemption charges, conditions apply
- Capital Repayment Holiday available, subject to approval. Conditions apply and you must keep paying the interest during the repayment holiday
- Arrangement and security fees may apply
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. 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.
Borrowing amount
£25,001 up to £10m, subject to approval
Repayment terms
Up to 25 years
Terms are 3, 5, 7, 10 or 15 years
Interest rate options
Fixed
Variable Rate Loan
A loan that tracks the Ulster Bank base rate.
- No early repayment charges, conditions apply
- Capital Repayment Holiday available, subject to approval. Conditions apply and you must keep paying the interest during the repayment holiday
- Changes in the Ulster Bank base rate will affect the amount you need to pay to fully repay your loan
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. 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.
Borrowing amount
£1,000 upwards, subject to approval
Repayment terms
3 months to 25 years
Interest rate options
Variable
Business Overdraft
A flexible short-term safety net for your business.
- Pay interest only on the amount you use
- No set minimum to pay back each month
- Repayment terms up to 12 months. After 12 months we'll contact you to review
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
Borrowing amount
£500 - £50,000, unsecured, subject to approval
Arrangement fee
£150 - £500 dependent on amount requested
Representative EAR
12.01%
ⓘ
This rate is available for Overdrafts between £500 and £25,000. Other amounts are available at alternative rates. Our rates depend on your circumstances and overdraft amount and may differ from the Representative EAR
OneCard
Helping you simplify cashflow.
- Could be ideal if you have multiple employees in your business who make business purchases
- Clear visibility of cardholder transactions and balance information in real-time
- Control what’s spent where with individual cardholder credit and transaction limits, and merchant category blocking
Security may be required. Product fees may apply. To apply you must be a UK resident aged 18 or over. The OneCard is for UK businesses only. To apply you must be a business customer and maintain a business bank account in the same legal entity name with Ulster Bank. Subject to status, business use only.
Monthly interest
1.6%, if balance is not cleared in full by due date
Cash advance fee
2% of the transaction amount (min. £2)
Annual card fee
OneCard: £32 per cardholder
Asset finance
We offer a range of options to finance with Lombard, our asset finance provider.
- Finance cars or vans with Hire Purchase or Contract Hire
- You could rent an asset with a Finance Lease or buy it outright with Hire Purchase
- Finance high-value specialist equipment with an Operating lease
Security, guarantees or indemnities may be required. Product fees may apply. Finance subject to status and is only available for business purposes. Asset finance (except contract hire) is provided by Lombard and contract hire is provided by Lombard Vehicle Solutions.
Tailored repayments
A range of terms available
Repayment terms
Monthly payments and the option of a larger final payment
Interest rate options
Fixed or Variable
Social and Community Capital
Business loans for charities and social enterprises that don't qualify for mainstream loans.
- Loans tailored to your business requirements by sector experts
- Flexible terms and capital repayment holidays if needed (conditions apply and you must keep paying the interest)
- Social & Community Capital is a charity funded and supported by Ulster Bank in order to help social enterprises and community businesses.
Security may be required. Product fees may apply. Over 18s only. Subject to status, business only. 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.
Borrowing amount
£30,000 - £750,000, subject to approval
Flexible repayment terms available
No fixed term agreement
Interest rate options
Fixed
ⓘ
Ulster Bank NI Social & Community Capital is a trading name of NatWest Social & Community Capital, Registered in England No: 03901460, Registered office: 250 Bishopsgate, London EC2M 4AA. Charity Registration No: 1079626.
Small Business Loan
Fast and flexible borrowing, could be suitable for small to medium businesses.
- Fast, simple online application
- No arrangement or early repayment charges
- Fixed rate of interest
A personal, director or member's guarantee may be required. Over 18s only. Subject to status, business use only.
Borrowing amount
£1,000 - £50,000, subject to approval
Repayment terms
1 – 7 years
Representative APR
12.24% APR Variable
ⓘ
This rate is available for loans between £10,000 and £19,999. Other amounts are available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR.
Fixed Rate Loan
Fixed repayments to assist your financial planning.
- No early redemption charges, conditions apply
- Capital Repayment Holiday available, subject to approval. Conditions apply and you must keep paying the interest during the repayment holiday
- Arrangement and security fees may apply
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. 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.
Borrowing amount
£25,001 up to £10m, subject to approval
Repayment terms
Up to 25 years
Terms are 3, 5, 7, 10 or 15 years
Interest rate options
Fixed
Variable Rate Loan
A loan that tracks the Ulster Bank base rate.
- No early repayment charges, conditions apply
- Capital Repayment Holiday available, subject to approval. Conditions apply and you must keep paying the interest during the repayment holiday
- Changes in the Ulster Bank base rate will affect the amount you need to pay to fully repay your loan
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only. 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.
Borrowing amount
£1,000 upwards, subject to approval
Repayment terms
3 months to 25 years
Interest rate options
Variable
Business Overdraft
A flexible short-term safety net for your business.
- Pay interest only on the amount you use
- No set minimum to pay back each month
- Repayment terms up to 12 months. After 12 months we'll contact you to review
Security may be required. Product fees may apply. Over 18s only. Subject to status, business use only.
Borrowing amount
£500 - £50,000, unsecured, subject to approval
Arrangement fee
£150 - £500 dependent on amount requested
Representative EAR
12.01%
ⓘ
This rate is available for Overdrafts between £500 and £25,000. Other amounts are available at alternative rates. Our rates depend on your circumstances and overdraft amount and may differ from the Representative EAR
OneCard
Helping you simplify cashflow.
- Could be ideal if you have multiple employees in your business who make business purchases
- Clear visibility of cardholder transactions and balance information in real-time
- Control what’s spent where with individual cardholder credit and transaction limits, and merchant category blocking
Security may be required. Product fees may apply. To apply you must be a UK resident aged 18 or over. The OneCard is for UK businesses only. To apply you must be a business customer and maintain a business bank account in the same legal entity name with Ulster Bank. Subject to status, business use only.
Monthly interest
1.6%, if balance is not cleared in full by due date
Cash advance fee
2% of the transaction amount (min. £2)
Annual card fee
OneCard: £32 per cardholder
Asset finance
We offer a range of options to finance with Lombard, our asset finance provider.
- Finance cars or vans with Hire Purchase or Contract Hire
- You could rent an asset with a Finance Lease or buy it outright with Hire Purchase
- Finance high-value specialist equipment with an Operating lease
Security, guarantees or indemnities may be required. Product fees may apply. Finance subject to status and is only available for business purposes. Asset finance (except contract hire) is provided by Lombard and contract hire is provided by Lombard Vehicle Solutions.
Tailored repayments
A range of terms available
Repayment terms
Monthly payments and the option of a larger final payment
Interest rate options
Fixed or Variable
Social and Community Capital
Business loans for trading charities and social enterprises that can't access appropriate loans.
- Loans tailored to your business requirements by sector experts
- Flexible terms and capital repayment holidays if needed (conditions apply and you must keep paying the interest)
- Social & Community Capital is a charity funded and supported by Ulster Bank in order to help social enterprises and community businesses
Security may be required. Product fees may apply. Over 18s only. Subject to status, business only. 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.
Borrowing amount
£30,000 - £500,000, subject to approval
Flexible repayment terms available
No fixed term agreement
Interest rate options
Fixed
ⓘ
Ulster Bank NI Social & Community Capital is a trading name of NatWest Social & Community Capital, Registered in England No: 03901460, Registered office: 250 Bishopsgate, London EC2M 4AA. Charity Registration No: 1079626.
See how we compare in the market
We’ve made it easy for you to compare our business banking products against our competitors. Just visit the following websites (suggested by the UK Government's Competition and Markets Authority):
Declined for a loan?
Appeal your lending decision
As part of our commitment to you, we provide a transparent and open appeals process. If you disagree with our decision and your application has been declined you can request a review via our online appeal application.
If you meet all of the criteria detailed you are entitled to make an appeal:
Information Message
Business lending
- You have applied to Ulster Bank for lending
- Your lending request has not been declined due to bankruptcy
- You have submitted a formal lending application
- Your appeal related to a lending application declined within the previous 30 days
- Your annual group turnover is less than £25m
Information Message
Funds and schemes
Organisations which may offer alternative finance solutions
Information Message
SME Finance Charter
We have set out our commitments around how we will support UK SMEs, following the publication of the UK Government’s SME Finance Charter.
Information Message
Standards of Lending Practice
From 01 April 2025, we will no longer be a participant of the Lending Standards Board (LSB’s) Standards of Lending Practice for Business Customers. Membership of the LSB Standards of Lending Practice is voluntary for the banking and lending industry. Our decision to withdraw does not affect how we treat our customers nor the services and products that we provide.
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