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Business loans UK: Get a quote

A secured or unsecured business loan could help you grow your business, cover running costs or even fund a new company.

  • Borrow £1,000 - £15,000,000
  • Repayment periods from one month to five years ore more
  • Apply in minutes

Compare business loans from leading providers

You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

Funding Options
EJ Finance
Capify
Funding Xchange
Think Business Loans
Swoop

How to get a business loan

1

Decide how much you want to borrow

This is the amount of money you need to borrow to fund a business priority.

2

Work out long you need to repay the loan

This is the length of time you need to pay back the loan with interest.

3

Find the type of business loan you need

It's important to know which type of loan is best suited for your business.

4

Calculate the interest rate or APR

This is the rate at which you'll repay the loan and decides the monthly repayment.

5

Check if any conditions are attached to the loan

Sometimes lenders attach additional conditions, such as a personal guarantee.

Business loan deals

6 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Swoop Business Loan
Loan Type
Unsecured term loan
Loan amount
£50,000 to £5,000,000
Representative APR
6.85% APR
Loan term
3 months to 96 months
Simple, secure and speedy access to over 1,000 funding providers without affecting your credit rating. Team of five-star Trustpilot-rated experts to guide you through the process.
Swoop is a broker, not a lender. Minimum 1 year of trading and Minimum turnover of £200,000.
Representative Example: The representative rate is 6.85% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.00% p.a. (fixed) then you will repay £117,670 in total.
Think Business Loans Business Loan
Loan Type
Unsecured term loan
Loan amount
£25,000 to £5,000,000
Representative APR
6.36% APR
Loan term
3 months to 72 months
“Rated 5* “excellent” on Trust pilot. Our experts will compare multiple business finance products across 100s of lenders to find the option that is right for you. 75% of our customers receive an offer.
Think Business Loans is a credit broker and not a lender. Minimum turnover is £200,000 with 1 year trading.
Representative Example: The representative rate is 6.36% APR (fixed) so if you borrow £100,000 over 60 months at a rate of 6.36% p.a. (fixed) you will repay £116,504.71 in total.
Funding Xchange Business Loan
Loan Type
Unsecured term loan
Loan amount
£1,000 to £500,000
Representative APR
10.5% APR
Loan term
1 month to 120 months
Funding Xchange is a credit broker, not a lender. Funding Xchange puts you in control of your business funding giving you access to indicative funding offers within 3 minutes.
Minimum annual turnover of £100,000, trading history of 18 months and Companies House registration are required.
Representative Example: The representative rate is 10.5% APR (variable) so if you borrow £50,000 over 24 months at a rate of 10.5% p.a. (variable) you will repay £55,650 in total.
Capify Business Loan
Loan Type
Unsecured term loan
Loan amount
£5,000 to £500,000
Representative APR
41.08% APR
Loan term
3 months to 12 months
Specialist lender for companies with adverse credit. We may be able to help you when your bank might not. Finance available for any purpose. Get funded in as little as 24 hours. Check if you qualify in just 60 seconds.
Available to Limited Companies with minimum annual turnover of £120,000, trading history of 12 months, limited companies only. Product fees may apply.
Representative Example: The representative rate is 41.08% (fixed) so if you borrow £42,000 over 12 months at a rate of 41.08% p.a. (fixed) you will repay £51,240.00 in total.
Funding Options Business Loans
Loan Type
Unsecured term loan
Loan amount
£1,000 to £15,000,000
Representative APR
7.38% APR
Loan term
1 month to 120 months
Funding Options is a Credit Broker and not a Lender. Their APR starts from 2.75% and has an average of 7.38%. They can help you prepare and submit your Recovery Loan Scheme application through multiple RLS accredited Lenders.
Minimum Turnover is £60,000 with 12 months minimum trading. Some lenders may apply fees during the application process, please note that these are set and provided by these entities.
Representative Example: The representative rate is 7.38% APR (variable) so if you borrow £50,000 over 24 months at a rate of 7.38% p.a. (fixed) you will repay £53,934.06 in total.


What is a business loan?

A business loan is a form of credit designed for commercial organisations.

Taking out a business loan is a useful way to get the money you might need to finance big changes or overcome small financial hurdles, whether it's to start a new company or grow an already established business.

Just like a personal loan meant for an individual, with a business loan your organisation can borrow a set amount of money, which the business would would then have to pay back to the lender with interest over a certain period of time.

You can find a variety of different types of business loan on the market, but most will fall into three main categories – secured, unsecured and peer to peer.

Types of business loan

Unsecured business loans

For these loans, your business borrows money without using its assets, such as real estate, stock or machinery, as a security.

Secured business loans

With these loans, the business borrows money using one of its assets, such as property or shares, as security for the lender.

Peer to peer loans 

Taking out a peer to peer loan means you borrow from an individual through a P2P lending platform, rather than a bank or organisation.

How much can you borrow with a business loan?

With a business loan you can borrow as little as £500, or as much as £5 million and even beyond that.

Every loan company gives different limits on how much they will lend. So if you want to borrow a large amount, your choices for a lender might be limited.

How long do I need to repay my business loan?

Business loans can have a short repayment period like a month, or a longer term such as 30 years.

When you're deciding how long you need to repay your loan, be realistic about what you can afford to pay each month.

The longer your loan term, the lower your monthly payments will be, but you'll pay more in interest overall.

Using our loan repayment calculator is a good way of finding out how long you need to repay your loan based on how much you can afford to pay every month.

This table shows how the term affects what you pay in interest¹.

Loan amountLoan termMonthly PaymentTotal interest
£7,5001£637.4£148.7
£7,5002£324.5£287.5
£7,5003£220.2£428.3
£7,5005£136.9 £714
£7,5007£101.3£1,006.7
£7,50010£74.7£1,458

How do I know what business loan rate I'll get?

The interest rate you're offered on your business loan is based on a financial assessment of your business by the lender. They'll decide whether to offer you the business loan, and what interest rate to offer you, based on:

  • Your business's credit rating


  • The amount and term you're asking for


  • The age of your business



  • How profitable your business is



If the lender thinks your business loan is low risk, you'll be offered a lower interest rate. If they think your loan is high risk, you'll be offered a higher interest rate.

The advertised APR that you see before you apply is the rate offered to at least 51% of applicants. That means almost half of those offered that business loan might be offered higher loan rates than what's advertised.

Unsecured term loans

The average business loan rates on unsecured term loans in our comparison can be seen in the table on this page.

Remember that the interest rates on other kinds of business funding explained in this comparison can differ a lot. So don't forget to do your research when you're looking for the best business loan rates for you.

Salman Haqqiquotation mark
"Business loans are an expensive way to borrow money. But you can still get a good deal and save money if you compare loans. Make sure you only borrow the amount you need and apply for the type of loan that suits your circumstances."
Salman Haqqi, Loans Expert

Other ways for businesses to borrow money

A business loan isn't the only way of securing finance for your business. Other options include:

You might find these six ways to get finance for your business helpful. Some of these options might be best for certain types of businesses, but if it's quick business finance you're after, a business loan might still be the best option.

You've also got the option of using a combination of several types of funding for your business. That way, you can get the most value out of each type without relying on any one source.

Pros and cons of business loans

  • Access to funding for expansion
  • Can be helpful during temporary cash flow problems
  • Can help those without sources of capital get funding to start a business
  • Can be difficult to qualify for
  • Repayments can eat into cash flow
  • Repayments can be costly for businesses with low credit scores

Business loan FAQs

Why compare loan deals with money.co.uk?

Comparing business loans could save you money. Our multiple award-winning comparison service makes sure you get the lowest rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.

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We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.

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¹These figures have been calculated using Money.co.uk's loan repayment calculator tool.

Last updated: 18 January, 2022