Compare Business Loans

  • Business loans are available for companies of all sizes and industries
  • You can compare loan amounts and term lengths in our comparison tables

Choose a type of business loan to compare...

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THINK Business Loans
Call THINK Business Loans today -
  • THINK work with over 200 Commercial Lenders to find the right loan for your business
  • MINIMUM 6 Months trading History
  • Unsecured Business Loans from 4% APR
  • THINK Business Loans logo
    Broker

    THINK Business Loans

    • THINK's iFunds matching platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)
    • THINK are the UK's leading SME lending specialists; their experts are on hand to guide you through the process
    • Find the perfect loan in minutes - Make the lender work for you
    • Minimum Turnover
      £12,000 p.a.
    • Available Amounts
      From £5,000
    • Available Terms
      1 month to 30 years

    Company details

    Eligibility criteria

  • Ferratum Business logo

    Ferratum Business

    • Free and no obligation application process, competitive rates
    • Complete the application form in 5 minutes, loan disbursed within one day of completed application.
    • Friendly and helpful customer service to help you at every turn.
    • Decisions based on cash flow, not credit scores.
    • Minimum Turnover
      £75,000 p.a.
    • Available Amounts
      £2,000 to £50,000
    • Available Terms
      6 to 18 months

    Company details

    • Free and no obligation application process, competitive rates
    • Complete the application form in 5 minutes, loan disbursed within one day of completed application.
    • Friendly and helpful customer service to help you at every turn.
    • Decisions based on cash flow, not credit scores.

    Eligibility criteria

    • Sole traders, partnerships and limited companies all welcome to apply.
    • Your company must have been trading for 2+ years.
    • Business owners must be UK based.
    • You must have a dedicated business bank account.
    • Business must have a physical presence.
  • Ultimate Finance - The Ultimate Loan logo

    Ultimate Finance - The Ultimate Loan

    • Instant quote with approval by next working day
    • No setup fees, early repayment penalty or exit fees
    • Cash within 1 working day after approval
    • Interest rate from 1.5%
    • Dedicated customer support team
    • Repayment is monthly by debit card
    • Minimum Turnover
      No minimum
    • Available Amounts
      £5,000 to £100,000
    • Available Terms
      Up to 12 months

    Company details

    • Over £1 billion funded to date
    • 16 years working with UK businesses
    • 9 products to meet your needs

    Eligibility criteria

    • Available to limited companies or LLPs with 2 years minimum trading
    • Personal Guarantee required
  • Yorkshire Bank logo

    Yorkshire Bank

    • Short and long-term finance options that help you build today and prepare for the future
    • Expert guidance on using finance to purchase business assets and drive sustainable growth
    • A full range of flexible finance options designed to suit different circumstances and needs for any business
    • Minimum Turnover
      No minimum
    • Available Amounts
      £10,000 to £50,000
    • Available Terms
      6 months to 5 years

    Company details

    • Short and long-term finance options that help you build today and prepare for the future
    • Expert guidance on using finance to purchase business assets and drive sustainable growth
    • A full range of flexible finance options designed to suit different circumstances and needs for any business

    Eligibility criteria

    • Lending is subject to status and eligibility
    • Security may be required
  • iwoca logo

    iwoca

    • Flexible Credit Facilities of £1,000 - £150,000
    • No hidden fees or long term commitments
    • Apply online in minutes
    • Approval within 48 hours, in some cases instantly
    • Minimum Turnover
      No minimum
    • Available Amounts
      £1,000 to £150,000
    • Available Terms
      up to 12 months

    Company details

    Eligibility criteria

  • Funding Circle logo

    Funding Circle

    • Take your next step with Funding Circle's fast, affordable business loans
    • Apply in 10 mins, get a decision typically in 24 hours
    • Rates from 4.5% - no early repayment fees
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £5,000 to £1,000,000
    • Available Terms
      6 months to 5 years

    Company details

    • Take your next step with Funding Circle's fast, affordable business loans
    • Apply in 10 mins, get a decision typically in 24 hours
    • Rates from 4.5% - no early repayment fees

    Eligibility criteria

    • Take your next step with Funding Circle's fast, affordable business loans
    • Apply in 10 mins, get a decision typically in 24 hours
    • Rates from 4.5% - no early repayment fees
  • Capital on Tap logo

    Capital on Tap

    • This is a business MasterCard
    • Credit limits up to £25,000
    • 0% Interest on all card purchases, when balance cleared in full each month
    • No monthly or annual fees, free UK ATM withdrawals and 0% commission on FX
    • Minimum Turnover
      £24,000 p.a.
    • Available Amounts
      £1,000 to £25,000
    • Available Terms
      1 month to 2 years

    Company details

    • Capital on Tap specialises in supporting the UK's SME's with business cards.
    • Offering Credit limits up to £25,000 with rates as low as 8.9%.
    • Since 2012, Capital on tap has provided more than 200M to over 30,000 UK businesses.

    Eligibility criteria

    • Limited Companies, Sole Traders, Partnerships and Limited Liability Partnerships all welcome to apply
    • No Outsanding CCJs
    • Minimum 12 months Trading History
  • Fleximize logo

    Fleximize

    • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
    • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
    • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
    • Representative APR 51%, based on borrowing £12,500.00 over 15 months at an interest rate (fixed) of 42.0%. Monthly payments of £1,085.31. Total Repayable £16,279.65.
    • Minimum Turnover
      £60,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      1 month to 4 years

    Company details

    • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
    • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
    • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day

    Eligibility criteria

  • Nucleus logo

    Nucleus

    • Fast service - receive your funding in 24 hrs
    • Human approach - Nucleus's in-house experts will guide you through the process
    • No early repayment fee
    • Minimum Turnover
      No minimum
    • Available Amounts
      £5,000 to £20,000,000
    • Available Terms
      3 months to 8 years

    Company details

    • Fast service - receive your funding in 24 hrs
    • Human approach - Nucleus's in-house experts will guide you through the process
    • No early repayment fee

    Eligibility criteria

    • Fast service - receive your funding in 24 hrs
    • Human approach - Nucleus's in-house experts will guide you through the process
    • No early repayment fee
  • Liberis logo

    Liberis

    • Supported by the UK Government-owned British Business Bank Investments
    • The UK's first provider of the Business Cash Advance
    • You must have at least one card terminal (chip and PIN machine)
    • Pay back an agreed % of your customer card transactions
    • Minimum Turnover
      Not applicable
    • Available Amounts
      £2,500 to £300,000
    • Available Terms
      4 to 12 months

    Company details

    • Pay back through your customer card transactions
    • One cost that never changes
    • Only pay at a rate your business can afford

    Eligibility criteria

    • Your business must have been trading for at least 4 months
    • You must have at least one card terminal (chip and PIN machine)
    • You must take at least £2,500 per month in card transactions
  • The Start Up Loans Company logo

    The Start Up Loans Company

    • Interest rate of fixed 6% per annum
    • Borrow Between £500-£25000
    • Receive business mentoring and support after drawing down your loan
    • No application fees or early repayment fees
    • Minimum Turnover
      No minimum
    • Available Amounts
      £500 to £25,000
    • Available Terms
      1 to 5 years

    Company details

    • Start Up Loans is a Not-For-Profit Company offering a finance and mentoring solution to start and grow a business
    • Start Up Loans have helped over 40,000 businesses get started in the UK
    • Free application support
    • Free post-loan business mentoring

    Eligibility criteria

    • Business is based in the UK
    • Trading for under 24 months
    • 18 years and over
  • NatWest logo

    NatWest

    • Designed for small business
    • No arrangement fees or security fees
    • Minimum Turnover
      No minimum
    • Available Amounts
      £1,000 to £25,000
    • Available Terms
      1 to 10 years

    Company details

    • Must be over 18 years old

    Eligibility criteria

    • Security may be required
    • Product fees may apply
Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Business Loans FAQ

Business loans are a form of finance designed for companies in need of financial capital, whether they need the money to make their entrepreneurial ideas a reality, or to expand the next stage of their operations. These loans can range anywhere from a few thousand to hundreds of thousands of pounds.

Business loans are available in both secured, and unsecured terms. While unsecured options allow for more peace of mind within the business, as you're not borrowing against the assets of your company, secured loans generally permit lower interest rates and cheaper financing solutions for organisations with tight budgets. There are also short-term and long-term business loans to choose from depending on your company's specific needs.

Below are some of the most frequently asked basic questions about business loans.

Who are business loans for?

Business loans exist as an option for almost any kind of business - regardless of how big or small that company may be. Though business finance is usually required by limited companies, it can also be a requirement for small, sole-traders too.

To apply, you need only be a UK-resident, aged 18 or older, and not currently bankrupt or taking part in a debt arrangement scheme.

Where can I get a business loan?

Commonly, business loans are provided by banks. Many companies will talk to the bank that they conduct their day to day business with as a first port of call before enquiring with other providers. Comparing and contrasting different lenders will help you to get the best deal.

Do business loans require credit checks?

Yes. All business loans will require a credit check. Though credit checks won't necessarily be carried out on the shareholders or directors of the business, banks will still need to determine the ability of a business to make repayments, and therefore your company's credit check will impact the terms and interest rates that you are offered.

For established businesses, it is the company's records that are the focus of attention. However, some lenders will check the personal credit rating of the owners too, particularly in the case of a start-up business which does not yet have any financial history.

What is a Start-Up Loan?

A Start-Up Loan is a type of business loan that can be used to help you get your business off the ground. This type of loan is given for the purpose of business, and applications are considered according to the needs of the company in question.

Should I get a long-term or short-term business loan?

The question of whether to get a long-term, medium-term, or short-term business loan can only be answered with a close consideration of your own personal circumstances. For instance, a medium to long-term business loan can help to offset some of the costs associated with starting a business, while keeping your monthly repayments low by spreading costs over a longer period of time.

Some businesses find that long-term loans are better for helping them get their business up off the ground.

On the other hand, short-term loans can help to reduce the amount of interest that you end up paying overall by speeding up repayment.

How much interest will I pay?

The amount of interest that you should expect to pay on a business loan will depend largely on your personal circumstances, as well as a number of factors, including how much you'd like to borrow, and the amount of time you would like to borrow the money for.

If your business is just starting out, then the lender you choose to work with will usually look at your personal credit rating for an indication of your responsibility in managing money as well as your business plans.

The higher your credit score is, the better chance you'll have of being offered a competitive rate of interest.

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