Self-employed business loans

Bankchart.co.uk's specialists have researched the UK market and prepared a list of the cheapest offers for self-employed from companies with a loyal application approval approach.

What are business loans for sole traders?

Business loans for self-employed in the UK are financial products designed to help individuals who run their own businesses access funds for various needs, such as expanding operations, purchasing equipment, managing cash flow, or covering other business-related expenses. Since sole traders operate without the legal distinction between personal and business finances, loan options are typically based on the personal creditworthiness of the sole trader as well as the business’s financial health.

Business loan calculations for 3 years (example)

What are the pecularities of loans for business women?

Loans specifically designed for businesswomen in the UK often come with unique features and support aimed at empowering women entrepreneurs. These loans are tailored to address the challenges that women might face in accessing traditional financing, offering more inclusive terms and additional resources to help women succeed in business.

Here are some peculiarities and features of loans for businesswomen in the UK:

1. Inclusive Lending Criteria. Lenders offering loans to businesswomen may have more flexible criteria, recognizing that women-owned businesses might have different financial profiles compared to male-owned businesses.
2. Lower Interest Rates and Fees. Some lenders and government programs offer reduced interest rates or waive certain fees for women entrepreneurs.
3. Support Programs and Mentorship. Loans for businesswomen are often accompanied by support programs, including mentoring, networking opportunities, and business advice.
4. Government and Non-Profit Initiatives. The UK government and various non-profit organizations offer specific loan programs and grants aimed at supporting women in business.
5. Community and Peer Lending. Peer-to-peer lending platforms and community finance organizations often have dedicated programs for women.
6. Focus on Female-Dominated Sectors. Some lenders focus on sectors where women are traditionally more represented, such as retail, healthcare, and education.
7. Grants and Interest-Free Loans. Certain grants and interest-free loans are specifically available for women entrepreneurs, particularly those from underrepresented or disadvantaged backgrounds.
8. Networking and Collaboration Opportunities. Many loan programs for businesswomen come with added benefits, such as membership in women’s business networks or access to special events and workshops.
9. Flexible Repayment Options. Loans designed for businesswomen may offer more flexible repayment schedules to accommodate different business cycles and the personal commitments of women entrepreneurs.
10. Focus on Female Entrepreneurship Promotion. Many lenders and programs are actively promoting female entrepreneurship, often running campaigns or providing additional resources specifically for women.
11. Alternative Financing Options. Women entrepreneurs might also explore alternative financing options, such as crowdfunding, angel investors, or venture capital focused on women-led businesses.

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Details of companies offering the financial services:

365 Business Finance

Head office’s address: 13-15 Rosemont Rd, London NW3 6NG

Contact center: 0207-1000-365

Web-site: https://www.365businessfinance.co.uk/

Barclays Bank

Head office’s address: 1 Churchill Place, London E14 5HP

Contact center: 0800-400-100

Phone: +44 (034) 5734 53 45

Web-site: http://www.barclays.co.uk/

Swift code: BARCGB33

Reference number: 122702

Stock code: BARC

ABN: 01026167

BSB: BARC

Capify

Head office’s address: Station House, Stamford New Rd, Altrincham WA14 1EP

Contact center: 0800-151-0980

Phone: +44 800 151-0980

Web-site: https://www.capify.co.uk/

Capital on Tap

Head office’s address: 7th Floor, The Tea Bldg, 56 Shoreditch High St, London E1 6JJ

Contact center: 020-8962-7401

Phone: +44 20 8962-7401

Web-site: https://www.capitalontap.com/

Fleximize

Head office’s address: Holbrook House, 51 John St, Ipswich IP3 0AH

Phone: +44 20 7100-0110

Web-site: https://fleximize.com/

HSBC Bank

Head office’s address: Unit 8, Canada Square, Retail, London E14 5AH

Phone: +44 345 740 4404

Web-site: https://www.hsbc.co.uk/

Swift code: HBUKGB4B

Reference number: 114216

Stock code: HSBA

ABN: 00014259

BSB: HBUK

iwoca

Head office’s address: 101 New Cavendish St, London

Contact center: 020 3778-0274

Phone: +44 20 3397-3375

Web-site: https://www.iwoca.co.uk/

Metro Bank

Head office’s address: One Southampton Row, London, WC1B 5HA

Phone: +44 (034) 5080 85 00

Web-site: https://www.metrobankonline.co.uk/

Swift code: MYMBGB2L

Reference number: 488982

Stock code: MTRO

ABN: 06419578

BSB: MYMB

mycashline

Head office’s address: London

Contact center: 020 3727-2572

Web-site: https://www.mycashline.co.uk/

NatWest Bank

Head office’s address: 250 Bishopsgate, London, EC2M 4AA

Contact center: 0800-88-11-77

Phone: +44 345 788 8444

Web-site: https://www.natwest.com/

Swift code: NWBKGB2

Reference number: 121878

Stock code: GBP1

ABN: 00929027

BSB: NWBK

Nucleus

Head office’s address: Mezzanine Floor, St Albans House, 57-59 Haymarket

Contact center: 020 7839-1980

Web-site: https://nucleuscommercialfinance.com/

SME loans

Head office’s address: 2 George Street, Chester CH1 3EQ

Phone: +44 1244-506-279

Web-site: https://www.smeloans.co.uk/