Costs of Payments

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Using the table below, if you borrowed £50,000 over 7 years the monthly repayments would be £767 per month at a 7.5% APR, now banks will only lend you the money if you can show that the business can afford the finance, if the repayability is not there they will not lend you any money.

Now the rate offered by a Bank is based on you and the business, the stronger the applicant and the better the business more banks will want to lend and the rate will come down. You will need to apply before a rate can be quoted.

Repayment costs per month, per £1,000 borrowed, to include both capital and interest.