Settlement figure (in difficulty) is the exact amount needed to clear a loan in full to a given date, including any early-settlement charge — useful when a recovery lets you pay off early.
In practice
When a company recovers and can pay off the loan, you request a settlement figure first. It shows the precise total to the day, including any early-settlement charge of up to 28 days' interest, so there are no surprises. Settling usually saves money by stopping the daily interest sooner.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Settling your loan early when money comes in, Early-settlement charge, defined, What if my circumstances improve during an arrangement?.