The lender said this would give SME borrowers more value and demonstrate its support for small businesses.
On average, cuts of 0.3% have been made to products available to trading businesses and 0.2% for commercial investment deals.
For trading businesses and commercial investment deals, rates have been cut by between 0.15% and 0.62%, while for trading businesses borrowing through the Growth Guarantee Scheme, rates on both variable and fixed rate products have dropped by 0.3%.
These changes come after Atom Bank introduced a rate discount of 0.25% for business borrowers with a debt service coverage or interest coverage ratio (ICR) of 200%.
Business borrowers receive bespoke pricing, and rates are based on their circumstances.
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Tom Renwick, head of business lending at Atom Bank, said: “At Atom Bank, we believe that fair, transparent pricing is the most powerful tool we have to support the UK’s SME community. By reducing our rates, we aren’t just offering a better deal; we are intentionally driving competition in a market that has long needed it. Our goal is to prove that business borrowers don’t have to choose between competitive pricing and strong service levels – at Atom, they get both.
“This latest rate reduction, alongside our new discounts for high-quality cases, reinforces our commitment to providing SMEs with the sustainable, low-cost funding they need to thrive. We’ve listened to our broker partners, and by combining these sharper rates with a streamlined digital process, we are ensuring that certain, high-value outcomes are more accessible than ever for British businesses.”
