Conister Bank Limited, established in 1935 and based in the Isle of Man, is a private bank specialising in personal and business banking. It focuses particularly on asset-based lending solutions for small and medium enterprises (SMEs) in the UK and Isle of Man. The bank is authorised by both the Isle of Man Financial Services Authority and the UK Financial Conduct Authority for limited consumer credit. It supports businesses through various channels including direct, broker, and vendor relationships, offering products suitable for growing enterprises. More details on asset finance and business loans are available for contextual understanding.
Key Features of Conister Bank Limited
Conister Bank presents several practical features appealing to SMEs needing specialised funding structures and support for niche assets. It offers personalised service backed by dedicated relationship managers and a broker support network.
- Offers a wide range of asset and working-capital finance products.
- Employs an in-house underwriting team enabling fast credit decisions.
- Flexible financing structures including hire purchase, finance lease, term loans, and stocking facilities.
- Supports green and renewable energy projects as part of its environmental finance initiatives.
- Wholesale funding and block discounting services available for other lenders and dealers.
Funding Eligibility
Eligibility for borrowing with Conister Bank typically requires a minimum trading history and turnover depending on the loan type. Businesses need to satisfy creditworthiness and trading benchmarks to proceed, often supported by personal and director guarantees. Useful resources on eligibility and guarantees can guide applicants.
- You may qualify if your business has been trading between 12 and 24 months and meets turnover requirements.
- Most loan types require personal guarantees from directors or partners.
- Check specific turnover and trading history rules on loan eligibility requirements and trading history requirements.
Loan Options
Conister Bank provides a spectrum of finance products suitable for various SME needs, from smaller personal loans to wholesale stocking facilities for dealers and specialised loans for professional practices. Here are some key products:
- Asset Finance (Hire Purchase & Finance Lease): £5,000 to £5,000,000; terms 12 months to 7 years; fixed interest rates between 5.95% and 14.95% APR. Asset acts as primary security. Details at asset finance.
- Business Term Loan / Working Capital Loan: £25,000 to £250,000; terms 12 months to 5 years; interest range 7.99% to 18.9% APR; unsecured options available for smaller amounts. See business loans.
- Stocking / Wholesale Floorplan Facility: Revolving limits £50,000 to £5,000,000; renewed annually; base rate plus 3% to 6% margin. Suitable for motor or equipment dealers with £1 million+ sales. Note: specific stocking facility details unavailable on Funding Agent.
- Professional Practice Loan: £10,000 to £500,000; 12 months to 7 years; 6.5% to 12.5% APR; tailored for regulated professional firms.
- Green & Renewable Energy Finance: £5,000 to £1,000,000; 24 months to 8 years; rates 5.5% to 10.5% APR; designed for energy-efficient and renewable projects. Details at green & renewable energy finance.
- Personal Loan (Unsecured Consumer Credit): £1,000 to £25,000; 12 months to 5 years; representative APR 9.9% to 19.9%. Availability limited to Isle of Man residents primarily.
How to Apply
Conister Bank offers an efficient application process mainly via online channels, with quick approvals and direct access to underwriters. Applicants should prepare necessary documentation and expect a fast turnaround.
- Submit application online through the broker portal or via direct PDF forms. See application forms.
- Provide latest filed accounts, recent bank statements, asset invoices or quotations, and director identification documents.
- Expect an indicative approval within two hours and a full credit decision typically within 24 to 48 hours.
- Upon approval, sign documents digitally and receive same-day funding once conditions are met.
Funding Agent's view on Conister Bank Limited
Conister Bank fills a niche between mainstream high-street banks and fintech lenders, specialising in asset-backed and working-capital finance for SMEs in the UK and Isle of Man. Its flexibility and rapid underwriting make it suitable for growing businesses, professional practices, and dealers seeking stocking lines. However, borrowers should consider the requirement for personal guarantees and higher rates than some mainstream alternatives. For detailed eligibility and loan comparisons, explore our loan calculator, or review various business loan options on Funding Agent.
