How we work out your rate (and why it is only four numbers)

“We borrowed £38,000 for a second oven and had the money four working days after applying. The repayment was exactly what the calculator said.”

“An actual underwriter rang me about our order book. No black box, no surprise fees, and we settled early without a penalty.”

“The offer was a little lower than I asked for, but they explained why and the monthly payment fits our turnover comfortably.”

“Stock for the Christmas peak, paid back over nine months. The schedule in the account shows every instalment and what is left.”

“One arrangement fee, taken from the payout, and a fixed rate. It is the first business loan I have fully understood before signing.”

“We needed two new vans quickly. Applied on Monday, offer on Tuesday, accepted from my phone the same evening.”

“Paying an instalment takes one click and the late fee rules are written in plain English. We have never needed them.”

“Our second loan was quicker than the first because Lendly already knew the business. The band improved as our turnover grew.”