Funding Circle Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Peer-to-Peer Loan£5,000 to £1,000,000
(arrangement fee variable)
6 months to 5 years
UK's biggest peer-to-peer business lender. 10% of all eligible loans funded by UK Government. Established businesses only.
Applicants must have 2 years+ of filed accounts with Companies House and have a minimum turnover of £50k.
ezbob Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£500 to £50,0001 month to 1 year
One hour funding, apply online, zero paperwork. Up to £50,000.
Fleximize Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£2,500 to £50,0003 months to 18 months
Our customers rate us 5/5 for speed, quality, service & forgoing that extra mile. All UK businesses welcome. Receive funding in as little as 24 hours & repay on flexible terms. No upfront fees, FCA regulated. Friendly Relationship Managers.
Ashley Business Cash Advance
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£3,500 to £100,0006 months to 18 months
Fixed Repayments work in line with turnover! Weak credit accepted, Only 3 months trading history required. No application Fee.
Boost Capital Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£3,000 to £500,0004 months to 1 year
Fast, Flexible Business Loans and Business Cash Advance to Help Your Business Grow.
Funding Tree Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Peer-to-Peer Loan£10,000 to £1,000,0006 months to 5 years
We lend to all business types from Sole Traders to Limited Companies. Working with you for the life of your business. Fully regulated by the FCA. T&Cs Apply
Everline.com Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£3,000 to £50,000
(arrangement fee 3%)
1 week to 1 year
Over 18 and UK resident. Trading for minimum of 2 years. Maximum £50k loan for limited companies (£10k for sole traders). Loans are subject to approval. T&Cs apply.
iwoca Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£1,000 to £50,0001 month to 6 months
Fast, flexible funding for ecommerce businesses
Just Cash Flow Flexible Cash Facility
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£20,000 to £500,000Unlimited
A specialist lender to UK Limited Companies and LLPs. A free, no-obligation funding decision made by real people.
UK Limited Company or LLPs only.
YesGrowth Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£25,000 to £250,000
(arrangement fee 2%)
3 months to 1 year
Minimum criteria: Applicant must have filed accounts at Companies House. Provisional offer in minutes. Funds within 5 days of loan agreement. Apply now on our secure site.
NatWest Small Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Bank Loan£1,000 to £25,0001 year to 10 years
RateSetter Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Peer-to-Peer Loan£1,000 to £25,0001 year to 5 years
Capexpand Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£1,000 to £10,0001 month to 1 year
Applicants must have been trading for at least 12 months and have a turnover of £100k+. Ltd companies only.
Capital on Tap Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Short Term Loan£1,000 to £10,000variable
Merchant Money Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Working Capital Loan£1,000 to £50,000varies to 2 years
rebuildingsociety.com Business Loan
Business Loan TypeLoan Amount and FeeLoan Term
Peer-to-peer Loan£25,000 to £250,0006 months to 5 years

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How to Get a Business Loan

We show you how to compare business loans and find the best business loans rates when your company needs that extra cash boost.

Lady Happy Desk

Whatever your reasons for needing a business loan, making sure that it offers both flexibility and value for money is vital for your company's financial future.

Without enough flexibility, you might end up paying over the odds in penalties or connected costs even if the rates appear low. At the same time, you need to be getting the best possible price for your borrowing.

Whether you're looking for small business loans, business loans for bad credit, business start up loans or unsecured business loans, finding a specialist lender could pay dividends. However, first you should consider what finance options are available to you.

What are your options?

To begin with, you should find out whether your business is eligible for a grant from the government, the EU or local authorities. Grants are a totally free form of finance so make an attractive option if you meet the criteria, although most do specify terms that restrict what you're able to do with the money. However if you are eligible it is always worth applying as having extra money to put into the business is never going to be a negative.

If your company isn't eligible for a grant your other options include:

Unsecured Business Loans

If your company is in a strong financial position you may find that bank-offered unsecured business loans are available. Interest rates are based on a number of factors, such as how long you've been trading, your turnover, credit history and existing assets/liabilities.

Unsecured loans give you protection if your repayments fall behind, as the loan balance cannot be retrieved by repossessing your property; however your business loan rates will reflect this extra risk to the bank.

Peer to Peer Business Loans

Peer to peer lending business loans are private loans arranged independent of the banks. They're a form of social lending in which you borrow from other businesses and/or individuals across a managed network. Read our guide Social Lending: Is it Worth the Risk? for further details.

Advantages can include access to lower rates than those offered by banks and more ready access to credit than is sometimes available through more traditional channels. On the other hand peer to peer lending isn't currently FCA-regulated so resolving problems could potentially be more difficult. However if you are eligible it is always worth applying as having extra money to put into the business is never going to be a negative.

Bad Credit Business Loans

Some banks will extend specific loan products tailored to companies with bad credit; however they will take into account every aspect of your business' current and predicted income/liabilities before they make any offer.

To cover the risk of lending to someone with bad credit you are likely to find that you're charged higher interest rates. Despite, this you should still compare business loans for bad credit and make sure you get the best business loan rate you're able to access. This doesn't mean getting loan quotes from as many different lenders as possible, but instead asking for cost illustrations based on your credit standing instead.

Some non-bank lenders specialise in offering business loans for poor credit. These tend to be unsecured and can be a quick way of getting a short term business loan even with bad credit, however they can entail very high interest rates.

Before you borrow from a lender that offers short term business loans for bad credit you need to make sure that you have checked whether there is any other cheaper option available to you.

If you do decide to go down this route you need to be confident that you'll have the finances available to pay off your borrowing in full by the end of the loan term if not before so that you minimise cost.

Secured Business Loans

Banks can offer secured loans to many different types of business, although you will need to have property or assets to put forward as collateral for this to be an option.

Sometimes, because of the extra protection given to the banks by the fact that you've guaranteed the loan on something you own, these can be a more accessible option if you're struggling to access finance elsewhere and occasionally the rates can be lower and/or extra flexibility allowed.

However, for business borrowers it's important to understand there is an underlying risk that you'll lose whatever you secured the loan on if repayments are missed, so you should be sure that you will be able to pay back the loan in full so as to be sure you will not lose what you secured your loan on.

What else do you need to consider?

Once you've established what options exist for your business, you should identify which suits your particular funding needs best and compare the lenders operating within that area to find the best business loans available.

Check the eligibility criteria for each lender to narrow your search. For example, start up businesses should look for lenders that accept new business loans. Other lenders only offer loans to companies that have been trading for more than (e.g.) 2 years; or set minimum monthly turnover limits.

You should only ever apply for the minimum amount your company needs - taking into account some contingency - so exclude any lenders whose loans don't match your figures, there is not point applying for a loan that doesn't provide what you are after.. Also consider your timeframe, for example to see if a non-traditional, quick business loan is your only option.

After using the checks above to narrow your search to loans that you're eligible for and offer the basic features you need, compare those loans to find the best business loans rates around.

You'll need to consider whether you want the option of early repayment; compare the loan durations; and compare the interest rates offered to find out how much you'll owe overall and make sure you can afford each repayment over the full loan term.

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