Business Term Loan
A business term loan gives you a lump sum up front, repaid in fixed monthly instalments over an agreed term. It’s the most straightforward way to fund growth — you know exactly what you’ll pay and when you’ll be finished.
Quick estimate
Total at 6.9% APR. Illustration only.
From application to funded.
- 01
Choose your amount & term
Decide how much you need and how long you’d like to repay — longer terms mean smaller monthly repayments but more interest overall.
- 02
We match you with lenders
We review your application and approach the lenders on our panel most likely to say yes for your sector, trading history and size.
- 03
Receive your funds
Once you accept an offer and sign the agreement, the lender pays the money directly into your business bank account.
- 04
Repay monthly
Fixed repayments are usually collected by Direct Debit. Track every payment, your balance and your schedule in your CP0 account.
An honest fit check.
Ideal for
- Expansion, new premises or refurbishment
- Buying equipment, vehicles or stock
- Hiring and funding a growth plan
- Businesses that prefer predictable, fixed monthly costs
Consider an alternative if
- Uneven or seasonal income — a merchant cash advance or working capital facility may flex better
- Waiting on unpaid invoices — invoice finance can unlock that cash without new debt
- Very new businesses — a start-up loan may be more suitable
What it costs — explained.
No hidden extras. Every cost is shown in your offer before you sign anything.
- Interest
- Charged on the amount borrowed and shown as an APR (annual percentage rate). Your actual rate depends on your circumstances and the lender.
- Arrangement fee
- Some lenders charge a one-off fee, usually deducted from the loan or added to it. Any fee is shown clearly in your offer before you accept.
- Early repayment
- Many lenders let you settle early; some charge a fee to do so. We’ll tell you the terms before you sign.
- Broker fee
- None. CP0 doesn’t charge you to find your loan — we may receive a commission from the lender, which never changes the rate you’re offered.
What lenders look at.
- How long you’ve been trading and your sector
- Turnover, profitability and bank statement conduct
- Existing borrowing and monthly commitments
- Your business and personal credit history
- For larger amounts, security or a director’s personal guarantee may be requested
Documents you’ll upload.
All documents are uploaded securely in your CP0 account and only viewed by our underwriters.
Is the interest rate fixed?
Most term loans have a fixed rate, so your monthly repayment never changes. Some lenders offer variable rates — your offer will make it clear.
Do I need security?
Smaller loans are often unsecured. For larger amounts a lender may ask for security or a director’s personal guarantee. We’ll explain exactly what’s required before you commit.
Can I repay early?
Usually yes. Some lenders charge an early settlement fee — we’ll show you the terms upfront.
Will applying affect my credit score?
Checking your eligibility with CP0 won’t. If you go ahead with a lender, they may carry out a full credit check at that stage — we’ll always tell you before that happens.