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loan  without  having  to         loan  repayments  will
                                                  start  paying  it  back  until    be,  no  matter  what

                                                  after this period. This can       happens  to  interest

                                                  he  a  very  valuable  option     rates.  A  fee  may  be

                                                  for  a  new  business  which      payable  if  a  fixed  rate

                                                  may  be  under  financial         loan  is  repaid  early.

                                                  pressure    in    its   early     Option of   two   years

                                                  months.
                                                                                    capital  holiday,  when

                                                                                    interest  only  need  be
                                                  Busmessloan:                      paid.  Option  to  draw

                                                  1 - 7     years. £ 500 -  £       money  only  as  it  is

                                                  15,000.        Repayments         needed  -  so  you  pay

                                                  monthly.       Fixed       or     interest  only  on  what

                                                  variable interest rate.           you  actually  use.  We

                                                                                    also        offer        an


                                                Flexible Busmessloan:               endowment           option,

                                                  1-20     years.    £15,001        where   you pay interest

                                                  upwards  -  no  upper             only  on  the  loan  and

                 Business Starter                 limit.      Repayments            premium  payments'  on

                                                  monthly  or  quarterly.           an  endowment  policy
                 Loan:   1 - 7years.
                                                  Fixed       or     variable       during  the  term  of  the
           £500 - £15,000. Repayments
                                                  interest rate. Fixed rates        loan.  The  proceeds  of
            monthly.  Fixed      or
                                                  are available for periods         the  policy  at  matunty
            variable interest rate. There

            is an option of a six month           of  three,  four,  five,          are  then  used  to  repay
            'capital      and      interest       seven,  and  ten  years,          the  outstanding  capital

            repayment  holiday.'  This            with an option to fix for         amount of  loan.

            means  that  all  capital  and        a  further  period  at  the          A  fee  will  normally

            interest     payments       are       end  of  the  term.  With  a      be       charged        for

            postponed  for  six  months,          fixed  rate,  you  know           arranging       a     loan.

            so you can benefit from the           exactly  how  much  your                                   38
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