Before you sign, the complete cost of your facility is presented to you to review. You should never have to accept an agreement without first seeing what it will cost your company. Here is where to look.
Your offer summary
When we make an offer, it includes a summary of the cost of credit set at the rate and basis specific to your company. This is the headline view: what you borrow, the cost of borrowing it, and how repayment is structured over your agreed term.
Your draft agreement
- The costs section sets out interest or the charge for credit in detail.
- Any set-up or establishment cost is itemised.
- Conditional costs — late payment, early settlement — are described so you know what could arise later.
Take your time
You are free to read the documents carefully and ask questions before accepting. We will explain any clause in plain English. We deliberately do not quote figures in help articles, because your numbers depend on your product, term and offer — the offer and agreement are the accurate source for your company.
Remember
This facility is for UK limited companies and LLPs only, taken in the company's name with no personal guarantee. It is exempt business lending, so the Financial Ombudsman Service and FSCS do not apply — another reason to read the cost section closely before you commit.
See also: Understanding the total cost of credit, Do you charge any hidden fees? and How the 100% total-cost-of-credit cap works.