Not every change during an arrangement is bad news. If trade picks up, you have good options — and taking them saves money.
Pay more or return to schedule
If you can afford more than the reduced amount, tell us. We can increase the payments or return you to the normal schedule, which clears the balance faster and cuts the interest that accrues at 0.25% per day.
Settle early if you can
A recovery that brings in a lump sum may let you settle the loan entirely. Ask for a settlement figure first — it shows the exact amount, including any early-settlement charge of up to 28 days' interest, before you commit.
It helps your record
Clearing an arrangement early or ahead of plan leaves a strong on-time record, which supports what the company can borrow next time.
Request a settlement figure with the Settlement Figure form whenever you are ready.
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: What happens to my arrangement if my circumstances change again?, Settling your loan early when money comes in, How arrears affect future borrowing with us.