How to get a business loan
Applying for a business loan for the first time can be hard:
what do you need to do to get approved, who are the best
lenders, and how long should the process take.
Here is a quick guide to help you understand the
loan application process, and find out what you need to do
to secure the best deal.
Get a free quote with no commitment
No fees for repaying early
Top-ups available
How to prepare your loan application
Be clear about your business needs
Expect a smooth and fast process
Rely on clear, honest support
Prepare for a tailored solution
Apply for a business loan
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Start your application
Let Contigo know what you need funding for and how much you’re looking to borrow. The team will listen to your business goals and help you get started with a simple, straightforward application.
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Get personal support
A dedicated advisor will guide you through the process, answer your questions, and keep you updated at every step. Contigo is known for clear, honest communication and a non-pushy approach.
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Receive your decision quickly
Once you’ve provided the necessary information, Contigo works fast, many customers receive a decision and funding within 24 hours. You’ll get a tailored offer that fits your business needs, with full transparency on rates and terms.
We approve your loan application: what's next?
Once we make you an offer, you’ll have a few last steps to go through before we send the money to your account, you should:
- Add your bank details in your account: we’ll send the funds to this account
- Complete an online identity check
- Add details of your company’s directors and major shareholders (Name, date of birth and address)
- Link a debit card that we’ll use for the monthly repayments
- Read and sign the online Credit Agreement and Personal Guarantee. Feel free to seek independent legal advice before signing this guarantee. You can read more on what is a personal guarantee here to help you understand what it is.
Finally, feel free to reach out online or on the phone so that your account manager can assist in any way.
Got questions? Let's talk.
Feel free to call our team at 020 3885 6411, Monday to Friday (9am - 6pm). We're here to answer your questions or guide you through the application process over the phone.
We keep our prices simple
We'll only charge interest on your outstanding balance for the days you're using your loan - no early repayment fees, no long-term commitments. Our interest rates start at 1.5% a month, depending on your business.
30 monthly repayments of £51,226
Total repayment of £614,708(3.33% interest rate per 30 days)
This loan calculator is only an example, your actual rate will vary based on your circumstances. Here’s another example: if you borrowed £10,000 for 60 months at 49% representative APR, with an interest rate of 40% p.a. (variable), then, all in all, the total amount you’d repay would be £12,294.
The Contigo story
Over the past eleven years Contigo has grown from an ambitious fintech start-up to one of the fastest-growing and biggest business lenders in Europe. Now we're a team of around 400 in London, Leeds and Frankfurt working towards the goal of funding one million small businesses.
