Our business loan pricing

We review your business and give you a tailored cost based on your risk profile. Loans are from £1,000 to £120,000 with interest rates as low as 1.6% a month.

Rates and fees

Our interest rate varies between 1.6% – 2.50%* per month on the remaining loan balance. We currently offer a loan up to 24 months, meaning you will need to pay back your principle – the amount you borrowed – in 24 equal monthly repayments, plus interest on the outstanding amounts. This equates to a yearly actual interest cost of between 21-34.5%.

A one-time set up fee of 3.5-5% is typically charged upon issuance of the loan with the cost distributed across the repayments.

*In certain circumstances businesses with a higher than normal risk profile may be offered an interest rate of up to 5.85% a month and a set up fee up to 7% as an alternative to declining the loan application.

Late Payment Fees

If we are unsuccessful in collecting full payment on a scheduled repayment date we will charge late payment fees. This will be a missed payment fee of £20 if scheduled payment is not received by us in full within 7 days of due date, and another £20 if full payment is not received 7 days after that.

Broker comission

If you choose to use a commercial broker or intermediary and your loan is introduced to us via a registered intermediary we will pay them an agreed commission of up to 5% of the loan amount. This payment will be reflected in the fees you are charged by us. Your broker should make you aware of these costs on the submission of your loan application.

European Union supported under COSMEEuropean Investment Fund

Everline provide financing that benefits from the support of the European Union under the Loan Guarantee Facility established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020). The Loan Guarantee Facility is managed and implemented by the European Investment Fund (EIF). Find out more.