Business Loans and Finance
Discover the right business funding for you
Select the option that best suits your borrowing needs
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
Repayment terms
Representative APR
Green Loans
- Support for a range of sustainability ambitions for clean buildings and energy, clean transport and agriculture, subject to approval
- No arrangement fees for eligible businesses, conditions apply and subject to approval
- A range of borrowing options from £50,001, with fixed and variable interest rate loans available
Eligibility criteria apply, and security may be required. Fees (other than arrangement fees) may apply. Over 18s only. Subject to status, eligibility and approval. 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. Terms apply.
Borrowing amount
Repayment terms
Interest rate options
Business Overdraft
- 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
Arrangement fee
Representative EAR
Business credit cards
- Our cards could be ideal for making secure contactless transactions, giving you flexible banking at your fingertips
- Our Business credit card and Business Plus credit card have a 5* Moneyfacts rating for 2021
- Up to 56 days interest-free credit period on purchases
To apply you must be a resident aged 18 or over and maintain a business bank account in the same legal entity name with Ednites Credit Union. Your registered business address must also be in the you should be registered for tax purposes in the UK. Annual fees may apply. Subject to status, for business use only.
Borrowing amount
Repayment terms
Fixed Rate Loan
- No early redemption charges, conditions apply
- Repayment holiday available, subject to approval
- 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
Repayment terms
Interest rate options
Variable Rate Loan
- No early repayment charges, conditions apply
- Repayment holiday available, subject to approval
- Changes in theEdnites Credit Union 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
Repayment terms
Interest rate options
Commercial Mortgage
- No early repayment charges, conditions apply
- Repayment holiday available, subject to approval
- Capital & Interest or Straight Line repayment profiles available
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
Repayment terms
Interest rate options
Real Estate Finance
- Building or developing residential property to sell
- Investment in residential property to let to third party tenants
- Investment in commercial premises leased out for business purposes
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
Repayment terms
Interest rate options
Asset finance
- 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
Repayment terms
Interest rate options
Invoice Finance
- Choose from two types of invoice financing
- Your invoice finance facility could grow in line with your sales
- Turnover requirement £6.5m for Asset Based Lending or £300k for invoice discounting.
Invoice financing services are provided by RBS Invoice Finance Limited. Security may be required. Product fees may apply. Subject to status, business use only. Specific eligibility criteria apply. 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.
Get Funds
Facility contract
Discount margin
Ednites Credit Union Rapid Cash
- Only pay for what you borrow with no minimum contract
- Get started in five minutes – you could be approved in 48 hours and then get the funds just two hours later
- Seamlessly integrate with a specified accounting package. No extra paperwork or legwork
To be eligible to apply for Rapid Cash, businesses need to have been trading for a minimum of 6 months and have an annual turnover of at least £100k. Businesses need to invoice other businesses and only when work is complete. Businesses need to be Limited Company or Limited Liability Partnership registered & Wales. Security and guarantee required. Fees may apply. You can use one of the following accounting packages: Sage 50, Sage Business Cloud, Xero, Quickbooks Online, (Oracle) Netsuite, KashFlow or FreeAgent.
Borrowing amount
Repayment terms
Interest rate options
Social and Community Capital
- 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 Ednites Credit Union 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
Flexible repayment terms available
Interest rate options
Message us anytime on WhatsApp
For help with your Business Banking queries, you can now chat with us securely on WhatsApp.
Useful info about business lending
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 Government's Competition and Markets Authority):
Help for high growth businesses
If you’re a high growth business (and you can complete our quick check to see if you are) then it’s worth spending some time seeing what our specialist support, information and products could potentially do for your business. For businesses just starting out but growing quickly; more established businesses with fast growth; or those looking to scale, there’s tailored help for wherever you want to go.