Lloyds Bank
Major UK high-street bank under Lloyds Banking Group. Full SME lending book for existing Lloyds business banking customers, with unsecured term loans up to around £500k and larger via secured facilities and commercial mortgages. Personal guarantee from a director typical. Mainstream criteria: 2+ years trading, clean credit, established Ltd company.
Quick verdict
- Product: Business loans, overdrafts, commercial mortgages, asset finance.
- Ticket band: £1k to £500k+ unsecured; larger via secured facilities.
- Pricing: From around 7.4% to 12% APR for unsecured term loans.
At a glance
Lloyds Bank, at a glance
- Legal entity
- Lloyds Bank plc
- Companies House
- 00002065
- Founded
- 1765
- Product
- Business loans, overdrafts, commercial mortgages, asset finance
- Ticket range
- £1k to £500k+ unsecured; larger via secured facilities
- Decision time
- 5 to 15 business days
- Ltd-only
- No, the lender also accepts other structures
Where Lloyds Bank is strong
- Largest UK SME banking customer base; relationship managers across regions.
- Full product range from £1k overdrafts to multi-million commercial mortgages.
- Competitive APR for top-tier applicants with existing banking flow.
- Established underwriting, FCA / PRA regulation, FSCS protection on deposits.
Watch-outs, and when another lender may suit better
- Hard credit search at application; no soft-search quote stage.
- Decisions take 5 to 15 business days for clean cases; longer above £100k.
- Decline rates high for sub-2-year trading and post-CCJ applicants.
- Sector exclusions standard (gambling, adult, CBD, vape).
Best fit applicants
- Existing Lloyds business banking customers
- Established Ltd companies 2+ years trading
- Borrowers wanting a relationship-led mainstream bank
Where Lloyds Bank is the wrong fit
- Sub-2-year trading
- Post-decline applicants with CCJs
- Speed-prioritised cases
If declined by Lloyds Bank
If your application to Lloyds Bank is declined, ask the lender for the reason in writing. Some alternatives are named in the watch-outs section above. See also our guide to why lenders decline, by reason.
Other lenders we list
- 365 Business Finance, Merchant cash advance (revenue-based finance)
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Allica Bank, SME term loan, asset finance + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
How we rate Lloyds Bank
This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.
FAQ
What can I borrow through Lloyds Bank?
Lloyds Bank offers business loans, overdrafts, commercial mortgages, asset finance. Ticket range: £1k to £500k+ unsecured; larger via secured facilities. Typical rate: From around 7.4% to 12% APR for unsecured term loans.
How long does Lloyds Bank take to decide?
5 to 15 business days
Who is Lloyds Bank the best fit for?
First on the list: Existing Lloyds business banking customers. The full list is under Best fit applicants above.
When might another lender suit better than Lloyds Bank?
First on the list: Sub-2-year trading. The other cases are under Where Lloyds Bank is the wrong fit above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →Official site: Lloyds Bank
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.