If you are having difficulties or have concerns about repaying your loan, please contact us at firstname.lastname@example.org to talk about your options.
We lend to businesses for a variety of reasons and our loans have been used to buy new equipment, grow teams, purchase stock or bridge cash flow. The only thing we don’t provide loans for is purchasing equity in other businesses.
Repayments are made by Direct Debit and must be from the same account the loan is paid into. The account from which repayments are made needs to be owned, controlled and in the name of the business applying. Repayments are taken automatically accordingly to your loan repayment schedule, which you can see on your Esme online account. Remember you can make early repayments with no fees!
You will make your first repayment one month after you accept your loan. You can see your loan repayment schedule anytime, anywhere on your Esme online account.
Yes you can make an overpayment at any time and you won’t be charged any early repayment fees. If you make an overpayment, any outstanding interest is paid off first, and then the principal. How it works depends on when you took your loan out.
You can make a repayment at any time by either a bank transfer or by Direct Debit. The maximum amount you can pay at one time via Direct Debit is up to £51,000. For bank transfer, simply give us a call on 0203 936 4800. For Direct Debit login to your dashboard and select ‘overpay’.
Our Accounts Team are always here to help. You can give us a call on 0203 936 4800 and we’ll assist in whatever way we can.