Our easy to use business loan rates calculator allows you to compare the cost of your business loan.
Here at Boost Capital, we take a different approach to business ﬁnance. We’re passionate about helping businesses expand and are here to help provide fast ﬂexible ﬁnance so that businesses can achieve their full potential.
For us, fairness and transparency are key. That’s why we’ve created a loan repayment calculator for you to compare quotes. Use our business loans calculator to compare business loan rates and ﬁnd out more about the cost related to your quote.
How much can I borrow from Boost Capital?
Business Loan Comparison
If you’ve received quotes from other lenders, use our easy to use tool below to compare rates.
Add Your Quote Details
Enter your loan terms below to compare costs based on interest rate and factor rate.
What do the business loan rates mean?
Here are the definitions of the loan rates we’ve mentioned above so you can understand what they mean more clearly:
The factor rate shows how much you’ll be charged for your loan expressed as a decimal rather than a percentage. For example, if you’re borrowing £50,000 at a factor rate of 1.3, the total amount you’d pay back would be £65,000 (£50,000 multiplied by 1.3).
Annual interest rate
This is how much you’ll be charged for your loan over a 12-month period expressed as a percentage.
Don’t confuse this with APR, though – APR (annual percentage rate) includes the standard cost of taking out a loan, plus any application fees charged by the lender.
Daily interest rate
This is how much you’ll be charged for your loan shown as a daily percentage.
What is a business loan?
A small business loan offered by Boost Capital is basically a short-term loan available to SMEs in the UK. You typically repay small business loans sooner than a traditional loan from the bank, often within just six months. Small business loans give you an immediate boost in capital without having to make a long-term financial commitment.
What happens after I apply?
One of our dedicated relationship managers will get back to you within 24 hours so they can learn more about your business. They’ll tell you everything they need to know. Don’t worry – the process isn’t complicated, and we pride ourselves on our ability to make quick decision about your funding request.
How quickly can I get funding for my business?
We aim to approve your request within 24 hours of us getting your application, and you can get the amount you’ve requested in your account in as little as two business days.