Commercial products

The Co-operative Bank can offer you a variety of products to meet your individual needs. We have a range of everyday banking services too that will allow you to have control of your finances wherever you are.

Our Relationship Managers are available to meet with you to discuss your personal situation and offer you a tailored solution. From current accounts, to savings and lending and finance, we’re able to support you in growing, building and expanding your business.

Connect with a Relationship Manager near you

Please note that you must hold a Business Bank Account to be eligible for our range of commercial banking products.

Current accounts

Our current accounts are designed to meet your individual financial and banking needs.

View our current accounts

Savings accounts

We understand it is important to maximise the return on your cash balances to increase reserves.

View our savings accounts

Lending and finance

Our Commercial Relationship Managers will work closely with you to understand your individual lending needs.

To apply for any of our products, you must have a business bank account to service loan repayments. A Relationship Manager can assist you with opening one during your lending application process.

Contact one of our Relationship Managers for this personalised support and service.

Merchant services

Accept card payments online, over the phone and face-to-face with a First Data merchant account.

Find out more about merchant services

These products are subject to status. This means we'll complete credit checks and an assessment of your financial circumstances.

Variable rate loan

To meet your business needs or reach your goals, you may need a loan to finance your purchases or investments. We are here to support you.

Loans below £25,020 are not available to sole traders, partnerships with 2 or 3 partners or unincorporated organisations. For other loan options, please see our other lending products.

Whether you’re buying a new van, doing an office refurbishment or starting a new business, our variable rate loans can help you achieve your business goals.

Features

  • Funding from £25,025 to £10m
  • Some business entities can apply for a loan from £1,000
  • Repayment period between 1 and 20 years
  • Flexible repayment terms improving control of your finances
  • Interest only options available based on a lower loan to value
  • Funding available for residential property investment

What to expect

  • Interest charged monthly
  • Arrangement fee is 1% of loan
  • Your loan’s interest rate is based on the Bank of England Base Rate and your business' financial circumstances
  • Loans offered on a secured basis require additional fees and are discussed during application
  • Max LTV is 70% - we can offer 70% of the market value in funding depending on the sector
  • For vacant possession properties, we can offer a maximum 90% of the value
  • Asset purchases must be in the name of the borrower or business
  • A 25 year repayment period can be considered for investment property purchases
  • Funding is not available to pension funds or businesses domiciled outside of the UK

Eligibility

You must be:

  • 18 years or over
  • A UK resident
  • Authorised to borrow on behalf of the business or charity
  • hold a business bank account with The Co-operative Bank, from which the loan repayments must be made. If you do not currently hold one, a relationship manager can support you with your application
  • Using the lending for business use

Interested?

Connect with a Relationship Manager near you.

Commercial mortgage

Whatever stage your business is in, we're here to support you in securing your first or next commercial mortgage premises. We offer funding to invest in both residential and commercial purchases.

Features

  • Funding from £250,000 to £10m – some higher value mortgages may also be considered on a case by case basis
  • Repayment period between 1 and 20 years
  • Flexible repayment terms improving control of your finances
  • Interest only options available based on a lower loan to value
  • Residential property investment funding

What to expect

  • Interest charged monthly
  • Interest rate is based on the Bank of England Base Rate and on your business' financial circumstances
  • Arrangement fees are discussed at application and represent a percentage of your loan amount
  • Max Loan To Value is 70% - we can offer 70% of the market value in funding depending on the sector
  • For vacant possession properties, we can offer a maximum 90% of the value
  • Asset purchases must be in the name of the borrower or business
  • A 25 year repayment period can be considered for investment property purchases
  • You, as the borrower, are liable for 100% of the lending total
  • Your purchased property is secured against the loan to guarantee repayment
  • A full credit check is taken out during your application and tailored loan terms are agreed based on your business' financial circumstances
  • Funding is not available to pension funds or businesses domiciled outside of the UK

Eligibility

You must be:

  • 18 years of over
  • A UK resident
  • Authorised to borrow on behalf of the business or charity
  • hold a business bank account with The Co-operative Bank, from which the loan repayments must be made. If you do not currently hold one, a relationship manager can support you with your application
  • Using the property for commercial use

Interested?

Connect with a Relationship Manager near you.

Charity and Co-operative Lending fund

The Co-operative Bank has committed to providing £10m of funding to provide Charities, Co-operatives and Social Enterprises financial support to grow and invest in their organisations in 2022. This new fund will offer a range of options to help you achieve your objectives now and into the future.

Lending available only to those who are registered as a Charity, Co-operative, Credit Union, Community Interest Company or other not for profit organisation.

Features

  • Available for freehold purchases, capital spending or renovations
  • Supports green investments
  • Invest in fundraising resources to free up cash reserves
  • Flexible repayment terms up to 20 years
  • Interest only options available based on a lower loan to value

What to expect

  • Interest charged monthly
  • Interest rate is based on the Bank of England Base Rate and on your business' financial circumstances
  • Arrangement fees are discussed at application and represent a percentage of your loan amount
  • Max Loan to Value is 70% - we can offer 70% of the market value in funding depending on the sector
  • For vacant possession properties, we can offer a maximum 90% of the value
  • A full credit check is taken out during your application and tailored loan terms are agreed based on your business' financial circumstances

Eligibility

To apply, you and all key parties must:

  • be 18 years or over
  • be a UK resident
  • have authority to borrow on behalf of the business / charity
  • hold a business bank account with The Co-operative Bank, from which the loan repayments must be made. If you do not currently hold one, a relationship manager can support you with your application
  • require the lending for business use

Interested?

Connect with a Relationship Manager near you.

Renewable Energy Funding Scheme

We have designed this fund with our values and ethics in mind. Improved sustainability and energy efficiency can start with investing in renewable energy technologies. And, we want to encourage you to do what you can to improve your green credentials and lower your carbon footprint.

We will need to complete a full credit check and witness your proof of benefit.

Features

Funding could be used for, but not limited to:

  • Relocating to an energy efficient premises
  • Changing to an energy efficient boiler
  • Improving your insulation
  • Introducing recycling schemes
  • Investing in electric vehicles
  • Installing solar power
  • Changing to LED lighting

Funding is available for up to 100% of the renewable energy project cost. Funds will be released upon proof of renewable energy project cost.

Eligibility

To apply, you and all key parties must:

  • be 18 years or over
  • be a UK resident
  • have authority to borrow on behalf of the business / charity
  • hold a business bank account with The Co-operative Bank, from which the loan repayments must be made. If you do not currently hold one, a relationship manager can support you with your application
  • require the lending for business use

 

Interested?

Connect with a Relationship Manager near you.

Not found what you're looking for?

Contact our support team