**By Sean Whetstone**
[West Ham](https://www.claretandhugh.info/west-ham-finances-explained/) need to find £40m by next week or refinance their bank loan.
The Hammers borrowed £40m from Barclays Bank last summer secured against future Premier League payments. The terms of the short-term loan dictates that the money must be repaid by 15th July 2025 which is next Tuesday.
The club borrowed another £5m in August last year from Barclays to help with further development of Rush Green training facilities.
In the past West Ham have borrowed cash each summer from Vibrac, Rights and Media Funding, Macquarie and MSD Holdings before turning to high street bank Barclays who charges around 9% interest to Premier League Football clubs.
The most likely outcome is that the Hammers will enter a new short term bank loan to assist cash flow by finding a bank with the lowest interest charge
In 2024 West Ham forked out over £13m in interest on secured and unsecured loans of which £2.9m was attributed to bank loans.