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...

    • Funding Circle logo
      Peer To Peer

      Funding Circle

      • Simple online form and a dedicated account manager
      • Get a decision in as little as 5 hours
      • Rates from 1.9% per year - no fees for full early repayment
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £10,000 to £1,000,000
      • Available Terms
        6 months to 5 years

      Company details

      • Simple online form and a dedicated account manager
      • Get a decision in as little as 5 hours
      • Rates from 1.9% per year - no fees for full early repayment

      Eligibility criteria

      • Simple online form and a dedicated account manager
      • Get a decision in as little as 5 hours
      • Rates from 1.9% per year - no fees for full early repayment
    • THINK Business Loans logo
      Broker

      THINK Business Loans

      • THINK's funding platform matches your businesses eligibility against hundreds of lenders instantly (without a credit check)
      • THINK are the UK's leading business 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
        £50,000 p.a.
      • Available Amounts
        £25,000 to £10,000,000
      • Available Terms
        1 month to 30 years

      Company details

      Eligibility criteria

    • iwoca logo

      iwoca

      • No hidden fees or long term commitments
      • Apply online in minutes
      • Approval within 48 hours, in some cases instantly
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £1,000 to £200,000
      • Available Terms
        up to 12 months

      Company details

      Eligibility criteria

    • Liberis logo

      Liberis

      • Your business must process credit and debit card transactions to apply for this product
      • Competitive pricing tailored to your business
      • Approval in as little as 5 mins, and funds can be yours within hours
      • 9 out of 10 customers would recommend Liberis
      • Minimum Turnover
        £2,500+ card transactions per month
      • Available Amounts
        £2,500 to £300,000
      • Available Terms
        4 to 12 months

      Company details

      • Approval in as little as 5 mins, and funds can be yours within hours!
      • Competitive pricing tailored to your business. No APR or hidden fees.
      • 9 out of 10 customers would recommend Liberis

      Eligibility criteria

      • Trading for 4+ months
      • Average £625+ a week in card payments
    • Selina Finance Business Loans logo

      Selina Finance Business Loans

      • Your loan must be secured against a residential property
      • Specialist digital lender offering secured business loans and flexible credit lines
      • Apply online and get a personalised loan offer in just 15 minutes
      • Secured loans with no fees or early repayment charges
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £25,000 to £400,000
      • Available Terms
        6 months to 5 years

      Company details

      • Specialist digital lender offering secured business loans and flexible credit lines
      • Apply online and get a personalised loan offer in just 15 minutes
      • No fees or early repayment charges

      Eligibility criteria

      • Secured property must be residential and have an active mortgage
      • Residential property must have a value of more than £50,000
      • Homeowner must be based in England, Wales, Scotland or Northern Ireland
    • Esme Business Loans logo

      Esme Business Loans

      • Simple, fast & fair business loans from Esme Loans
      • Hassle-free, paperless application takes just 10 minutes
      • Funds are sent within the hour if approved and you can receive faster payments
      • Minimum Turnover
        £15,000 p.a.
      • Available Amounts
        £10,000 to £250,000
      • Available Terms
        1 to 5 years

      Company details

      • Simple, fast & fair business loans from Esme Loans
      • Hassle-free, paperless application takes just 10 minutes
      • Funds are sent within the hour if approved and you can receive faster payments

      Eligibility criteria

      • Limited Companies Only. Applicants must be a Director of the Business, over 18 and be able to provide a personal guarantee.
      • Must be actively trading for at least 18 months with a current turnover of at least £15,000.
    • Yorkshire Bank logo

      Yorkshire Bank

      • Apply online in just 10 minutes
      • Get a fast decision and funds available within days
      • Rates from as low as 3.5% - and no arrangement fees
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £150,000
      • Available Terms
        1 to 5 years

      Company details

      • Apply online in just 10 minutes
      • Get a fast decision and funds available within days
      • Rates from as low as 3.5% - and no arrangement fees

      Eligibility criteria

      • Lending is subject to status and eligibility
      • Security may be required
    • 365 Business Finance logo

      365 Business Finance

      • Your business must process credit and debit card transactions to apply for this product
      • A flexible business funding alternative
      • Cash advanced against card transactions
      • Pay back an affordable % of your card transactions
      • Minimum Turnover
        £5,000+ card transactions per month
      • Available Amounts
        £5,000 to £200,000
      • Available Terms
        4 to 18 months

      Company details

      • Get between £5,000 and £200,000
      • Pay back through your customer card transactions
      • A single all inclusive charge that never changes
      • No interest, APRs or hidden extras

      Eligibility criteria

      • Your business must have been trading for at least 6 months
      • Your business must accept debit and credit card payments
      • Your business must take at least £5,000 per month in card transactions.
    • Lombard Business Loans logo

      Lombard Business Loans

      • Lombard is one of the UK's oldest and largest asset finance partner
      • They help thousands of businesses invest in their future every day
      • Lombard have won Best Leasing and Asset Finance Provider at the Business Moneyfacts Awards every year from 2009 to 2018
      • Minimum Turnover
        No minimum
      • Available Amounts
        £6,320 to £150,000
      • Available Terms
        1 to 7 years

      Company details

      • Lombard is one of the UK's oldest and largest asset finance partner
      • They help thousands of businesses invest in their future every day
      • Lombard have won Best Leasing and Asset Finance Provider at the Business Moneyfacts Awards every year from 2009 to 2018

      Eligibility criteria

    • Capital on Tap logo

      Capital on Tap

      • Capital on Tap are a Revolving Credit Facility you can utilise through either a credit card, a loan or both
      • Credit limits up to £50,000 with no monthly or annual fees
      • 0% Interest on all card purchases, when balance cleared in full each month
      • Minimum Turnover
        £24,000 p.a.
      • Available Amounts
        £1,000 to £50,000
      • Available Terms
        1 month to 2 years

      Company details

      • Capital on Tap specialises in supporting the UK's SMEs and Self Employed Merchants with credit through their card and loan facilities.
      • Within 1 minute of application they can offer Credit limits of up to £50,000 with rates as low as 9.9%.
      • Since 2012, Capital on tap has provided more than £1billion to over 60,000 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
    • Together logo

      Together

      • Your loan must be secured against your property
      • Lending for over 40 years
      • Award winning specialist lender
      • Offering short-term finance, auction finance, personal, commercial and buy-to-let mortgages
      • Minimum Turnover
        No minimum
      • Available Amounts
        £25,000 to £5,000,000
      • Available Terms
        6 months to 30 years

      Company details

      • Lending for over 40 years
      • Award-winning specialist lender
      • Fast, flexible short-term finance, auction finance, and personal, commercial and buy-to-let mortgages

      Eligibility criteria

    • Nucleus logo

      Nucleus

      • Fast service - receive your funding in 24 hours
      • Unsecured and secured business loans
      • 7 products tailored to your business
      • Minimum Turnover
        £5,000
      • Available Amounts
        £3,000 to £50,000,000
      • Available Terms
        3 months to 8 years

      Company details

      • Fast service - receive your funding in 24 hours
      • Unsecured and secured business loans
      • 7 products tailored to your business

      Eligibility criteria

      • Fast service - receive your funding in 24 hours
      • Unsecured and secured business loans
      • 7 products tailored to your business
    • NatWest logo

      NatWest

      • NatWest provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
      • If traditional bank financing is not appropriate for you, they can help you understand some sources of non-bank finance options
      • Eligibility criteria apply for all funds and schemes
      • Minimum Turnover
        No minimum
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        1 to 25 years

      Company details

      • NatWest provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
      • If traditional bank financing is not appropriate for you, they can help you understand some sources of non-bank finance options
      • Eligibility criteria apply for all funds and schemes

      Eligibility criteria

      • NatWest provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
      • If traditional bank financing is not appropriate for you, they can help you understand some sources of non-bank finance options
      • Eligibility criteria apply for all funds and schemes
    • 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
      • 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

    • 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
      • 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
      • 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.
    • Royal Bank of Scotland Business Loans logo

      Royal Bank of Scotland Business Loans

      • Royal Bank of Scotland provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
      • If traditional bank financing is not appropriate for you, they can help you understand some sources of non-bank finance options
      • Eligibility criteria apply for all funds and schemes
      • Minimum Turnover
        No minimum
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        1 to 25 years

      Company details

      • Royal Bank of Scotland provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
      • If traditional bank financing is not appropriate for you, they can help you understand some sources of non-bank finance options
      • Eligibility criteria apply for all funds and schemes

      Eligibility criteria

      • Royal Bank of Scotland provide a range of lending products that could be used alongside the Government's Enterprise Finance Guarantee scheme
      • If traditional bank financing is not appropriate for you, they can help you understand some sources of non-bank finance options
      • Eligibility criteria apply for all funds and schemes
    • The Start Up Loans Company logo

      The Start Up Loans Company

      • Interest rate of fixed 6% per annum
      • 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
    • Spotcap logo

      Spotcap

      • Your business must have been trading for 3+ years and be profitable to be eligible
      • Fully unsecured business loan - no personal guarantee needed
      • Apply online in 15 mins, decision in one working day
      • No withdrawal fee. No early repayment fee
      • Minimum Turnover
        £500,000 p.a.
      • Available Amounts
        £50,000 to £350,000
      • Available Terms
        1 month to 2 years

      Company details

      Eligibility criteria

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.

How to choose a business loan

Most business owners will find themselves looking for extra finance at some point. Whether you are looking to expand, pay off debts, invest in new equipment or regulate your cashflow, a business loan is an option to consider.

The trouble is, finding the right business loan can be a daunting prospect. On the one hand, there’s traditional bank loans and on the other there are options like online lenders and alternative finance providers. Here at Know Your Money, we’ve put many of them in one accessible business loan comparison table, so you can find a loan to help nurture and grow your business.

Take a look through the table at the current deals on offer. Our business loan comparison tables break down the important factors like available loan terms and amounts. Not every deal will be right for you, but our tables are a good place to start when navigating the busy business loan marketplace. And to help you further, we’ve put together a simple guide to business loans below, which may help you to better understand your options when looking for finance for your business.

The main types of business loan

Secured business loans

Secured business loans are a type of business finance that requires you to put forward an asset - usually a property - as security for a loan. Secured loans often come with lower interest rates than unsecured loans as they represent less risk for the lender. They may also give you access to a larger loan amount over a longer term.

However, they come with the added risk that you could lose your property (often your home) if you struggle to keep up with the payments.

Commercial mortgages and asset-backed lending are two types of secured loan available to businesses.

Unsecured business loans

Unsecured business loans are those that don’t require security. Here are some of the main types of unsecured business loan – note that this is not an exhaustive list:

  • Bank loan: These tend to be offered by a major high street banks. They have been more difficult to obtain in recent years but are still a popular choice with established businesses with solid credit ratings.
  • Alternative business loan: Many alternative lenders and online banks will now offer business loans, usually through online-only platforms. Rates, terms and eligibility requirements differ from lender to lender.
  • Lines of credit: Lines of credit offer businesses the option of seeking a credit limit against which they can withdraw money as and when they need it. Interest is then paid only on the balance owed.
  • Merchant cash advance: Merchant cast advances, which are also sometimes known as business cash advances, are a type of business loan that is repaid automatically when a business takes a card payment from a customer. Merchant cash advances can offer finance for businesses that have poor credit ratings or a limited trading history.
  • Invoice financing: Invoice financing involves ‘selling’ unpaid invoices to a financier who makes the value of the invoice available to the business immediately in exchange for a fee.
  • Short-term loan: Short-term loans are straightforward business loans that are often offered over periods of months, as opposed to years. Cash is usually made available quickly, but interest rates can be high and loan amounts are often limited.
  • Peer-to-peer lending: Online platforms matching willing lenders (often either private equity investors or members of the public) with businesses that are seeking loans are a popular new finance model. Rates can be preferable, but eligibility might be relatively strict.

Choosing the right type of business loan

Although the vast array of options available may seem daunting, you’ll quickly find that your requirements and circumstances narrow the possibilities quite significantly. When comparing business loans, the table above is a good place to start as it shows the amounts a lender might offer and for how long. There is also some information about the minimum turnover your business will need to successfully apply.

Deciding which business loan is right for you needn’t be as difficult as you might think.

There are a few fundamental questions you can ask yourself to help you make your decision:

  1. How much do I need to borrow?
  2. How long do I need to repay the loan?
  3. How much can I afford to repay each month?
  4. Do I struggle with unpaid invoices?
  5. Do I hold equity in a property?
  6. Do I need the loan to buy a specific valuable asset?
  7. What’s my personal and business credit rating like?
  8. Do I take payment through a card machine?
  9. Do I need a lump sum all at once?

When you have the answers to these questions, you might be able to start narrowing down the list of possible business loans.

Finding the right business loan FAQs

Will my personal credit rating be taken into consideration when applying for a business loan?

Are there bad credit business loans?

Can you get business loans for new companies?

Are business loans regulated?

What can I use a business loan for?

Featured articles

Go to Business Loans Hub View all Business Loans providers

Award-winning comparisons you can trust

It's always nice to know you're on the right track. Over the years, as we have striven to improve the services we provide to our clients and users, we have been pleased to receive recognition for our efforts from both industry and consumer bodies.