Metro Bank Business Loans

Metro Bank  Business Loans logo
  • Metro Bank offers a range of financial solutions for UK businesses. Find out what options are available, whether your business is eligible, and how to apply.
Visit Website Browse Metro Bank Business Loans FAQs

Sorry we do not currently compare this provider

Compare other products

Compare similar products from other providers

  • Nationwide Finance Business Finance logo

    Nationwide Finance Business Finance

    • Nationwide Finance help 35,000 businesses get finance each year
    • Direct funder - not a broker
    • Same day decision, funds within 24 hours
    • Minimum Turnover
      No minimum
    • Available Amounts
      £8,000 to £500,000
    • Available Terms
      1 to 5 years
  • Funding Circle logo

    Funding Circle

    • Your business must have a minimum of 2 years’ trading history
    • A leading UK platform for small business loans
    • Simple online application and decisions in as little as 5 hours
    • Rates from 4.9% per year - No early settlement fees
    • Minimum Turnover
      £16,700 p.a.
    • Available Amounts
      £10,000 to £500,000
    • Available Terms
      2 to 6 years
  • Tide logo
    Broker

    Tide

    • Tide works with a number of partners who offer a range of flexible business funding solutions
    • They will run pre-eligibility checks, without affecting your credit score, to show you credit options tailored to your business
    • Connect your business bank account in minutes to see your credit options and receive a £75 Uber/Uber Eats voucher (Terms & Conditions apply)
    • Minimum Turnover
      Varies
    • Available Amounts
      £500 to £15,000,000
    • Available Terms
      1 month to 6 years
  • iwoca logo

    iwoca

    • Flexible finance for small businesses from £1,000 to £500,000
    • No long term commitments and flexible repayments to fit for your business
    • Apply online in minutes for a decision (some decisions may take up to 24 hours)
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £1,000 to £500,000
    • Available Terms
      up to 24 months
  • Cubefunder logo

    Cubefunder

    • Only available to Limited Companies in England and Wales with 3+ months' trading
    • Fast and Flexible funding from £5,000 - £100,000 for Limited Companies within England and Wales
    • No penalties for Late payments or Early repayment
    • Apply and receive funds within 48 hours
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £5,000 to £100,000
    • Available Terms
      3 months to 1 year
  • 365 Business Finance logo

    365 Business Finance

    • Your business must process credit and debit card transactions to apply for this product
    • A flexible business funding alternative
    • Cash advanced against card transactions
    • Pay back an affordable % of your card transactions
    • Minimum Turnover
      £10,000+ card transactions per month
    • Available Amounts
      £10,000 to £300,000
    • Available Terms
      4 to 18 months
  • Fleximize logo

    Fleximize

    • YOUR BUSINESS MUST BE A LIMITED COMPANY WITH 6+ MONTHS' TRADING
    • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
    • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
    • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
    • Minimum Turnover
      £60,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 months to 4 years
  • Swoop Funding logo
    Broker

    Swoop Funding

    • Your business must have a minimum of 1 years' trading history
    • Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
    • Free access every type of finance including the Recovery Loan Scheme
    • Online management allows you to find funding opportunities and track applications
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £10,000,000
    • Available Terms
      3 months to 6 years
  • Funding Xchange logo
    Broker

    Funding Xchange

    • Access 70 lenders from one simple funding request
    • Easily compare the choices available, including RLS options
    • Apply with confidence, no impact on your credit score
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £500,000
    • Available Terms
      3 months to 5 years
  • Capify logo

    Capify

    • Your business must have a minimum of 1 years trading history. No sole traders.
    • Capify loans are paid back in very small automated regular payment; either daily or weekly
    • A fast and easy business funding alternative for SMEs
    • Funds can be used for any business purpose, from managing cashflow through to improving technology
    • Minimum Turnover
      £120,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 to 18 months
  • Lombard logo

    Lombard

    • Lombard offers a comprehensive range of asset finance solutions - specialising in business car finance
    • A simple finance solution with a credit decision in 24 hours for transactions up to £150,000
    • Security, guarantees or indemnities may be required. Product fees may apply. Finance is subject to status and is only available for business purposes
    • Minimum Turnover
      No minimum
    • Available Amounts
      £5,000 to £250,000
    • Available Terms
      1 to 7 years

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

NerdWallet - Our awards

Award-winning comparisons you can trust

It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.

Featured brands

See all business loans providers
Last updated on 27 June 2022.

Metro Bank currently offers a variety of short and long term finance options that you could use for everything from managing cash flow to purchasing assets.

Metro Bank currently offers a business and commercial loan, as well as invoice finance, asset finance, credit cards, and overdrafts.

Find if you’re eligible for a Metro Bank Business Loans and how to apply, as well as key features to consider.

What is Metro Bank?

Founded in 2010, Metro Bank was the UK’s first new high street bank in more than 100 years.

It provides business banking services for everyone from sole traders to large corporations, with a small business and startup business account, and a large and commercial business account.

It also offers a variety of lending and borrowing services to help its business customers invest and grow.

» COMPARE: Business bank accounts

What products and services do Metro Bank offer?

Business loans

Metro Bank currently offers a business loan and a commercial loan.

The business loan may currently offer loans to Business Current Account customers with more than £2 million in turnover (though it will consider exceptions), which can be paid back between one and five years.

The commercial loan currently provides loans to Commercial Current account customers that can be repaid on repayment lengths of up to potentially 30 years..

Metro Bank says they will likely need some security for this type of loan, which means there is a risk your assets could be repossessed if you fail to keep up with the repayments.

» COMPARE: Business loans

Invoice finance

With Metro Bank’s flexible invoice finance system, currently, you might be able to borrow up to 85% of the value of an unpaid customer invoice, and have the funds in your account potentially within 24 hours.

Metro Bank currently offers both factoring and discounting services, as well as a simplified small business solution with a borrowing limit of £100,000 that doesn’t charge a discount fee.

Asset finance

Metro Bank asset finance allows you to potentially stagger the payments of new assets over a time frame of up to five years. It offers hire purchase, finance lease, and refinancing solutions.

If eligible you’ll currently pay a documentation fee of £295, a 10% +VAT deposit, and a fixed interest rate that’s agreed up front.

» COMPARE: Asset financing deals

Business credit card

Metro Bank’s contactless business credit card is currently available to Business Current Account and Commercial Current Account holders.

Currently, you may be able to get up to 56 days interest-free on purchases if you pay your balance in full and on time, and there are currently no fees for non-GBP transactions in most European countries.

Business overdraft

Metro Bank’s business overdraft is a short-term funding solution that only charges you for the amount you borrow. There’s no minimum limit at the moment. You’ll also currently pay an arrangement fee.

Key features of Metro Bank business loans

  • Short and longer-term lending options
  • Flexible commercial loan repayment lengths available
  • Invoice factoring and discounting available, as well as a small business-specific solution
  • No transaction fees currently for non-GBP transactions across most of Europe with the Metro Bank Credit Card

How do I apply for a Metro Bank loan?

To apply for a business or commercial loan, you can either go into a store or speak to someone at Metro Bank directly.

You can apply for either invoice or asset finance by filling in the contact form on the Metro Bank website, or calling 0345 08 08 508.

To apply for either a business overdraft or a business credit card, you need to go into a store and speak to a Local Business Manager.

Am I eligible for a Metro Bank business loan?

In order to be eligible for a Metro Bank business loan or any of its borrowing services you must already be a Business or Commercial Current Account holder.

What do Metro Bank customers say?

On Trustpilot, Metro Bank has been rated 2.5 out of 5 based on 3,667 reviews.

On the App Store, the Metro Bank app has been rated 4.8 out of 5 based on 132,500 reviews. On Google Play, it’s been rated 4.5 out of 5 based on 32,400 reviews.

This information is correct as of 21 June 2022.

Conclusion

Metro Bank has a variety of finance solutions you may consider.

Metro Bank’s asset finance, invoice finance, and business overdraft solutions currently have no restrictions, as long as you have a business account with Metro Bank.

You can contact Metro Bank directly to apply for a business loan and other forms of financing.It is a good idea to consider comparing i other business finance providers and the features of different loans before making your decision to be able to find the right deal for you

Metro Bank Business Loan FAQs

Can I get a loan from Metro Bank?

Metro Bank offers two types of loans. Its business loan and commercial loans can offer flexible repayment lengths with the interest rate tailored to each loan.

How much deposit do you need for a business loan?

You don’t currently need a deposit for a Metro Bank business loan, though you may be required to offer some security, which could be repossessed if you don’t keep up repayments.

Can I borrow money for a business?

Metro Bank currently offers a variety of borrowing options available, such as business loans, overdrafts, invoice finance and asset finance.

Services offered by this provider may change over time. Always check Ts&Cs.