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The fees and charges that can apply to your account — including anything relating to missed payments — are set out in your Business Loan Agreement. We will never apply a charge that is not in your agreement.
Whatever happens to your account, the total cost of credit is capped at 100% of the original principal, so charges can never push the amount you repay above twice what you borrowed.
If you are worried about missing a payment, contact us first. Agreeing a payment extension or arrangement in advance is almost always better than letting a payment fail — and if money is tight, see what to do if you are struggling to pay.