How to Barclays UK Business Loan 2025

Barclays UK Business Loan

Loan Types & Amounts

Unsecured Business Loan:

• Loan Amount: £1,000 – £25,000

• Term: 1 – 10 years

• Interest Rate: Fixed rate (12.9% APR representative)

• Features: No arrangement fees, no early repayment charges, option for a 6-month repayment holiday (interest continues to accrue)

• Ideal For: Small businesses and startups needing quick access to funds

• Application: Available online via Barclays Online Banking or the Barclays app

Secured Business Loan:

• Loan Amount: £100,000 and above

• Term: Up to 25 years

• Interest Rate: Fixed or variable rates available

• Features: Interest-only repayments available (subject to status), flexible repayment terms

• Ideal For: Established businesses seeking larger loans for expansion or significant investments

• Application: Requires consultation with a Barclays business relationship manager

Growth Guarantee Scheme (GGS):

• Loan Amount: £25,001 – £2 million (up to £1 million for Northern Ireland businesses)

• Eligibility: UK-based businesses with a turnover of up to £45 million

• Features: Government-backed scheme offering improved lending terms

• Application: Available through Barclays, subject to standard credit and fraud checks

✅ Eligibility Criteria

To qualify for a Barclays business loan, your business must:

• Be UK-based and actively trading

• Have a viable business proposition

• Not be a business in difficulty (e.g., not in insolvency proceedings)

• Meet Barclays’ credit and fraud checks

• Agree to the repayment terms and conditions of the loan agreement

📄 Required Documents

Depending on the loan type and your business’s circumstances, you may need to provide:

• Proof of Identity: Passport or UK driving licence

• Proof of Address: Recent utility bill or bank statement

• Business Financial Statements: Profit and loss account, balance sheet

• Bank Statements: Recent business bank statements

• Business Plan: Especially for startups or new ventures

• Tax Returns: Business and possibly personal tax returns

• Security Documents: For secured loans, details of assets offered as collateral

📝 Application Process

1. Determine Loan Type: Assess your business’s needs to choose between unsecured, secured, or government-backed loans.

2. Prepare Documents: Gather all necessary documentation as outlined above.

3. Apply Online: For unsecured loans up to £25,000, apply through Barclays Online Banking or the Barclays app.

4. Consult a Relationship Manager: For secured loans or amounts over £25,000, contact a Barclays business relationship manager.

5. Review Offer: If approved, Barclays will provide a loan offer detailing terms and conditions.

6. Sign Agreement: Accept the loan offer and sign the agreement electronically.

7. Receive Funds: Upon acceptance, funds are typically transferred to your business account promptly.

💡 Additional Information

• No Arrangement Fees: Barclays does not charge fees for setting up the loan.

• Early Repayment: You can repay your loan early without incurring penalties.

• Repayment Flexibility: Options include fixed or variable interest rates, and interest-only periods may be available for secured loans.