Triodos Bank operates from the Netherlands, but has a presence in the UK and offers lending streams to British businesses that meet their strict criteria.
Triodos Bank is concerned with sustainability and the future of the planet, so this bank will only consider loan applications from a company that shares these values and can prove they’ll use the money to make the world a better place.
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Business current accounts and savings pots are not available at this point. If you have an ecologically-sound business model, however, Triodos Bank may be willing to lend substantial sums that turn your dreams into a reality.
Triodos Bank business banking services
- Pros and cons
- Business current accounts
- Business overdrafts
- Business savings accounts
- Triodos Bank at a glance
- Triodos Bank business loans and finance
- Triodos Bank reviews
- Triodos Bank business eligibility criteria
- Triodos Bank business finance alternatives
- Triodos Bank additional considerations
- FAQ
Pros and cons of Triodos Bank for business services
| Pros of Triodos Bank | Cons of Triodos Bank |
|---|---|
| ✓ Lending streams from a bank with a social conscience | ✗ No business current accounts or savings options |
| ✓ Will offer advice if unable to help directly | ✗ Strict criteria on lending eligibility |
| ✗ Most loans must be secured |
Business current accounts
✗ Triodos Bank is no longer offering business current account facilities. This bank will only discuss lending options with business customers. See best business bank accounts.
Business overdrafts
✗ Not available through Triodos Bank. See best business overdrafts.
Business savings accounts
✗ Triodos Bank is no longer offering business savings or deposit account facilities. This bank will only discuss lending options with business customers. See best business savings accounts.
Triodos Bank at a glance
| Phone number | 0330 355 0355 |
| App downloads | iOS; Android |
| Website | www.triodos.co.uk/business |
| Number of branches | N/A |
| FSCS protected? | Yes |
| Founded | 1980, Amsterdam |
Triodos Bank business loans and finance
While Triodos Bank does not offer current accounts or savings options to business customers, the following lending streams are available.
Small Loans (£100,000 to £1,000,000)
Triodis Bank offers loans between £100,000 and £500,000 on an unsecured basis to eligible applicants, repayable for up to seven years. Loans between £500,000 and £1,000,000 must be secured against an asset such as a property, and the repayment term can be as long as 25 years. Interest rates will be discussed and assigned upon application, and there will be a 1.5% application fee.
Large Loans (£1,000,000 to £20,000,000)
Triodis Bank offers these larger loans on a secured basis, repayable for up to 25 years. Interest rates will be discussed and assigned upon application, and there will be a 1.5% application fee.
Raising Capital
If Triodos Bank cannot help you directly, this bank will offer advice on other ways that you can raise capital, such as connecting you with other lenders or crowdfunding initiatives.
Triodos Bank reviews
What are other business banking customers saying about Triodos Bank Business?
| Review platform | Score | Number of votes |
|---|---|---|
| TrustPilot | 3.4/5 | 362 |
| Feefo | Not reviewed | N/A |
| Reviews.co.uk | Not reviewed | N/A |
| Smart Money People | 4.91/5 | 6,862 |
| Which? | Not reviewed | N/A |
| Average score | 4.605/5 | 7,224 |
Triodos Bank business eligibility criteria
Not just anybody will be able to qualify for a loan from Triodos Bank – in the lender’s own words, “we only lend to businesses and organisations who are delivering a positive impact. All the loans that we make are to be used by businesses and projects that provide social, cultural or environmental benefits.”
This means that you will need to create a compelling argument as to why your business is eligible for lending from Triodos Bank – purchasing industrial machinery or expanding your trading premises is unlikely to make the cut except in exceptional circumstances.
You’ll need to prove that your funding will be used for sustainable purposes and that your business model does not conflict with the ethical standards of Triodos Bank. The usual business models – adult entertainment, manufacture and sale of firearms, online gambling, and pharmaceuticals – will be excluded by default.
You will also be asked to provide evidence of at least three years of trading, as well as the usual identification checks.
Triodos Bank business finance alternatives
It’s arguably fair to say that banks and financial bodies that place emphasis on a social conscience are few and far between, but if you would like to support a bank that does good for domestic causes, consider Charity Bank as an alternative to Triodos Bank. If you are looking for a current account and smaller lending streams, The Co-operative Bank is the closest alternative.
Triodos Bank additional considerations
Triodos Bank has expanded its interests into the UK, recently funding a nature reserve in Somerset to the tune of £3,500.000 – the first financial institution in the world to take such a step.
FAQ
Yes, Triodos Bank is a fully-fledged bank. It is licensed and regulated by the Dutch Central Bank and the Netherlands Authority for Financial Markets. Triodos Bank specialises in ethical banking and sustainable investments, which makes it stand out from other banks that focus mainly on traditional financial products.
Opening a Triodos Bank business account is simple and easy. All you need to do is visit the bank’s website and fill in an application form. The bank will then contact you for more information about your business, including its size, purpose and financial history. Once these are reviewed and accepted, you will be asked to provide additional documentation to complete your application. Once the process is finalised, you will be able to access banking services such as online and mobile banking, debit and credit cards, cash management and more.
The fees charged by Triodos Bank for its business accounts vary depending on the type of account. Business current accounts, for instance, typically come with no minimum balance requirements or monthly maintenance fees. However, they may require a one-off cost to set up the account and then an additional fee if you wish to use certain services such as international payments or credit cards. The bank also offers business savings accounts which come with slightly higher fees but offer attractive interest rates.
Triodos Bank provides a range of services to businesses, such as business current accounts, savings accounts, debit and credit cards, cash management services, international payments and more.
Triodos Bank accepts a wide range of payments, including direct debits, standing orders, international payments and card payments. The bank also has a safe and reliable online payment system for secure transactions.