Who we are
Asto, part of the Santander Group, aims to help small businesses manage their cashflow through technology and simple business tools and financing products that empower them to keep cash flowing.
Asto Business Capital is a flexible way to access funding on your terms. It provides you with an up front, no cost and no obligation credit limit so you can see how much your business can borrow. Then you can access the funding you need, when you need it, to help fill cash flow gaps, buy extra stock, invest in your short-term business needs, or cover costs while waiting for customers to pay you.
Who we fund
We’re here to help all sorts of businesses and people who work for themselves anywhere in the UK. To be eligible, you’ll need:
- To be a sole trader or a private limited company (UK Registered)
- To be over 18 and a UK resident
- To have good credit history and no bankruptcy declarations in the last 3 years (sole traders and company directors)
Things to keep in mind
Business Capital is a fixed sum loan, not an overdraft or credit card. You are applying to borrow a fixed amount of money from us and will have to repay in monthly instalments over the term you select. Your credit limit shows what you could borrow up to, if you needed to, so you don’t need to worry about securing funding if you spot an affordable business opportunity
The maximum duration of a loan is 12-months, so it’s not suitable for longer term financing, like buying new vehicles or expensive equipment
This is a business loan so you can’t use it for personal purposes or for anything illegal or unconnected to your business
If you don't keep up repayments on your loans, we may have to report this to credit rating agencies. This could impact your ability to obtain credit in the future. You will also incur a charge of £15 if you miss a payment
You can also find all important documents and the regulated status of Business Capital by clicking on the relevant tabs here.
Why businesses like working with us
Flexibility: You’re in control. You decide how much you use, which day of the month to pay, and there’s no early repayment fees
Simple application: We need just a few details about you and your business. You’ll get a quick decision at no cost or obligation
Clear pricing: See the total amount you can access upfront and only pay for the money you borrow. No hidden fees or charges
Part of Santander: We’re proud to be part of the Santander family, whose purpose is to help people and businesses prosper
Product Info
Product Type: Flexible Business Loan
Product Description: Borrow a fixed amount of money and repay it by monthly instalments over the term you select
Minimum Loan Term: 6 months
Maximum Loan Term: 1 year
Minimum Loan Amount: £150
Maximum Loan Amount: £150,000
For more information, see our Business Capital page and our FAQs
*Representative example: If you borrowed £1,000.00 for 7 months at 17.4% (fixed) p.a. (18.9% APR representative), the interest on the loan would be £58.83 and the total amount repayable would be £1,058.83. The monthly repayments would be £151.26. Your interest rate will depend on your circumstances so may differ from the representative APR. To lend responsibly, all loans are subject to status and eligibility checks. Indemnities and guarantees may be required. Information and rates correct as at 04.09.2020
How it works
See what you can get
Once you’ve applied and have a credit limit, you know exactly how much you have available at any time.
Here when you need it
Decide when and how much you want to borrow up to your credit limit, knowing you can have the cash in your account in minutes.
Set your term length
Choose the repayment term that suits your business, from 6 to 12 months, and see the interest costs for your loan.
Easy repayments
Pick which day of the month your Direct Debit is collected. Pay back earlier at no extra cost and save on interest charges.