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.
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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.


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.