A secured business loan means you need to provide assets as security to cover the amount being borrowed. Assets can include property or company shares.
Find funding options in minutes.
Get approved in as little as 24 hours.
Loans matched to your business needs.
We’ll search 150+ trusted lenders to find the best funding for your business.
of those who applied via a journey on money.co.uk are eligible for funding*. Find a loan
A business loan means you can borrow a specific sum of money and pay it back, with interest, over a defined period of time.
The loan must be used for business purposes, for example paying for stock, hiring employees or marketing.
To be eligible for a loan, you'll need to be 18 or over, a UK resident with a UK registered business and able to pass relevant credit checks.
Our platform is completely free to use and we can help you find the right loan for your business just by answering few questions.
We work with some of the biggest brands that offer business loans at competitive rates.
We’ve been around for nearly two decades and a lot has happened during that time, but our commitment to supporting businesses hasn't changed.
We understand that you might need a business loan quickly, so we work with partners that can help you to get approved in as little as 24 hours.
The Start Up Loan scheme from the government aims to help small businesses via a loan of £500 to £25,000. This is not a traditional business loan as it is a unsecured personal loan that requires a credit check.
However, there's no application fee and no early repayment fee, and you can repay the loan over a period of time up to five years with a fixed interest rate of 6% per year. The government also offers free suport and guidance for your business and there's an opportunity for a year of free mentoring.
To apply for this type of loan you'll need to live in the UK, be over 18, and either have a UK-based business or plan to start one.
A secured business loan means you need to provide assets as security to cover the amount being borrowed. Assets can include property or company shares.
A startup loan works in the same way as a business loan but is specifically for funding a new business or one that has been trading for less than 36 months.
Business vehicle finance helps you borrow money to purchase new vehicles for your company, turning what would be an up-front cost into a monthly cost.
Invoice finance helps your business maintain a healthy cash flow, allowing you to access money which is owed by your customers without waiting for the payment to arrive.
Asset financing allows your business to purchase, or hire, assets such as equipment, vehicles, or machinery. You pay for the asset through instalments without investing large amounts of cash up front. The finance your borrow is often secured against the asset itself.
A loan of this type makes it possible for your business to borrow money without having to offer any assets (including real estate) as security.
Formerly the Recovery Loan Scheme, the Growth Guarantee Scheme comes with the same terms. It allows lenders to provide loans that are partially government backed to struggling businesses. If your business meets the relevant criteria you could borrow between £25,001 and £2m in the UK to help with rising cost pressures.
A secured business loan means you need to provide assets as security to cover the amount being borrowed. Assets can include property or company shares.
A startup loan works in the same way as a business loan but is specifically for funding a new business or one that has been trading for less than 36 months.
Business vehicle finance helps you borrow money to purchase new vehicles for your company, turning what would be an up-front cost into a monthly cost.
Invoice finance helps your business maintain a healthy cash flow, allowing you to access money which is owed by your customers without waiting for the payment to arrive.
Asset financing allows your business to purchase, or hire, assets such as equipment, vehicles, or machinery. You pay for the asset through instalments without investing large amounts of cash up front. The finance your borrow is often secured against the asset itself.
A loan of this type makes it possible for your business to borrow money without having to offer any assets (including real estate) as security.
Formerly the Recovery Loan Scheme, the Growth Guarantee Scheme comes with the same terms. It allows lenders to provide loans that are partially government backed to struggling businesses. If your business meets the relevant criteria you could borrow between £25,001 and £2m in the UK to help with rising cost pressures.
Whether you need a business account for a business loan depends on the lender and the type of loan. Some banks may require you to have a business current account with them before they approve your loan application. However, certain loan programs, such as the government-backed Start Up Loan, may allow the loan to be deposited directly into your personal bank account instead. Always check the specific requirements of your lender to understand their policy on business accounts.
No, you don't need to be the owner of a company to get a loan. Registered company directors can apply for most business loans.
Yes, small businesses can get loans, but you may be offered different ones depending on your firm's size and revenue. For instance, only businesses that are less than three years old can get a government Start Up Loan.
Yes, your business does have a credit record and it may affect whether or not your loan application will be accepted. You can find the credit score for your business through credit referencing agencies such as Experian.
The length of time to be approved for a business loan depends on the provider, the checks they carry out, the information they need to see and how quickly you're able to provide it. It also depends on the type of loan. For example, secured loans can have longer approval times.
Yes, it is possible to get a business loan with bad credit, but it can be more challenging. Lenders typically look at your business’s financial health, cash flow, and overall stability, rather than just your personal credit score. However, you may face higher interest rates or stricter terms if you have bad credit.
Other small business products
Beware of inflated exchange rates
Fast quick and efficient
Very quick service
*Based on data from trackable providers (01/05/25–29/05/25). Accurate as of 30/05/25.