Braemar Finance: products, terms and eligibility

Braemar Finance is a UK provider of unsecured business loans. The legal entity named on its site is Close Brothers Limited (Braemar Finance is a trading style), company number 00195626. It is based in Dundonald. It gives its founding year as 1992. It is part of Close Brothers.

Braemar Finance says it was established in 1992 and provides finance for professions in the UK. It operates as a trading style of Close Brothers Limited, part of Close Brothers Group plc, a UK specialist banking group listed on the London Stock Exchange. Its UK office is in Dundonald (KA2 9BE) and it also has an office in Dublin. Its broker team is now presented as part of Close Brothers Broker Solutions.

In its own words on scale:

• Says Close Brothers Group employs approximately 3,000 people across the UK and Ireland (figure on its site in October 2026).

Everything on this page comes from what Braemar Finance publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Braemar Finance publishes 3 products for UK businesses. The table above gives the amounts and terms as it states them.

• Business loans: Fixed payments over an agreed term; no deposit required.

Business loans

Also described as practice loans. They provide funding to start or grow a business, buy into a practice, renovate or cover multiple overheads, and can fund intangible investments such as training or energy efficiency and multiple equipment purchases under one agreement. Repayments are fixed monthly amounts over an agreed term and the page says no deposit is required. Lending is subject to status and the lender’s criteria; the page does not state security or loan limits.

Hire purchase

Regular instalments cover the cost of the asset and interest, and the business has full use and control of the asset during the agreement. Ownership passes to the business once all payments are made. The page says terms typically span five to seven years or the useful life of the asset, and are customisable.

Growth Guarantee Scheme loans

Offered under the British Business Bank Growth Guarantee Scheme, which gives the lender a 70% government-backed guarantee on the outstanding balance after recovery procedures; the borrower remains fully liable. The site gives limits of up to £2m per business group, minimum £25,001 for term loans and overdrafts and £1,000 for asset-based lending and invoice finance, with terms of 3 months to 6 years for term loans and asset finance. Applicants need group turnover up to £45m, a UK base with mainly trading income and a viable proposition. Personal guarantees are taken at the lender’s discretion and a principal private residence cannot be taken as security under the scheme.

Braemar Finance says its finance is used for:

• Starting or buying into a practice
• Equipment purchase
• Refurbishment and renovation
• Training and energy efficiency investment
• Funding NHS clawback liabilities for healthcare professionals

Sectors and business types it says it funds:

• Dental
• Optical
• Accountancy
• Care homes
• Funeral services
• Veterinary
• Legal
• Medical

What it says it does not fund:

• Under the Growth Guarantee Scheme: banks, building societies, insurers, public sector bodies and state-funded schools are ineligible.

Braemar Finance publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Professional and specialist sectors such as dental, optical, accountancy, care home, funeral, veterinary, legal, medical and pharmacy.
• Lending is subject to status and Braemar’s lending criteria.
• Growth Guarantee Scheme: turnover up to £45 million on a group basis and trading activity in the UK.

An unsecured business loan is a fixed sum repaid in instalments over an agreed term, without a charge over a specific asset. Most lenders still ask the directors for a personal guarantee, which makes them personally liable if the company cannot repay.

Lenders price each loan on the business’s trading history, turnover and credit profile, so the offer you receive can differ from the published range. Compare the total cost in pounds and the repayment pattern, not only the headline rate: our guide on how to compare business loan lenders shows how.

Points Braemar Finance publishes that are worth knowing:

• Broker-led: the Braemar brokers team is part of Close Brothers Broker Solutions.
• Under the Growth Guarantee Scheme, personal guarantees are taken at Close Brothers' discretion and a principal private residence cannot be taken as security.
• Security and guarantee requirements for standard business loans are not published.
• Products and services are subject to eligibility, status, terms, conditions and availability.

Security and guarantees

Hire purchase is secured on the financed asset until ownership passes at the end. Under the Growth Guarantee Scheme personal guarantees are taken at the lender’s discretion and a principal private residence cannot be used as security. The site’s business loan page does not state security requirements.

Braemar Finance’s site states: “Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm number 124750). Registered in England and Wales (00195626), registered office at 10 Crown Place, London, EC2A 4FT.”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of unsecured business loans with profiles here include Business Enterprise Fund (BEF), Credit4 and Cubefunder. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.