8 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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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 Options Business Loans
Loan Type
Unsecured term loan
Loan amount
£1,000 to £2,000,000
Representative APR
6.03% 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 6.03%. They can help you prepare and submit your Coronavirus Business Interruption Loan Scheme application through multiple CBILS accredited Lenders.
Minimum Turnover is £60,000 with 12 months minimum trading.
Representative Example: The representative rate is 6.03% APR (variable) so if you borrow £50,000 over 24 months at a rate of 6.03% p.a. (variable) you will repay £53,114.16 in total.
Fluidly Business Loan
Loan Type
Unsecured term loan
Loan amount
£15,000 to £500,000
Representative APR
7.9% APR
Loan term
6 months to 60 months
View funding solutions available to you in under 30 seconds. Fluidly's 5* rated specialists will support you in applying to the best products for you.
Fluidly is a credit broker not a lender. Minimum 2 year of trading and £100k turnover pa.
Representative Example: The representative rate is 7.9% APR (fixed) so if you borrow £100,000 over 24 months at a rate of 4.00% p.a. (fixed) you will repay £104,219.84 in total.
Funding Circle Business Loan
Loan Type
Unsecured term loan
Loan amount
£10,000 to £500,000
Representative APR
11.79% APR
Loan term
24 months to 72 months
To be eligible to apply you need to be based in the UK and have been trading for 2 years. Funding Circle also offers the Government's Recovery Loan Scheme. A key aim of the Recovery Loan Scheme is to improve the terms on offer to businesses.
If Funding Circle can offer you a business loan for the same amount on similar or better terms, without requiring the guarantee provided by the scheme, they will do so. The rate you will get will vary based on your circumstances.
Representative Example: The representative rate is 11.79% APR (fixed) so if you borrow £100,000 over 72 months at a rate of 9.4% p.a. (fixed) you will repay £137,779 in total.
iwoca Business Loan
Loan Type
Revolving credit facility
Loan amount
£1,000 to £200,000
Representative APR
49% APR
Loan term
1 month to 12 months
Your company must have at least 6 months trading history and a minimum turnover of £50,000. Applicants must be able to provide a personal guarantee, applying has no effect on your credit score.
Representative Example: The representative rate is 49% APR (variable) so if you borrow £10,000 over 12 months at a rate of 40% p.a. (variable) you will repay £12,294 in total.
Swoop Business Loan
Loan Type
Unsecured term loan
Loan amount
£50,000 to £1,500,000
Representative APR
6.85% APR
Loan term
3 months to 72 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.
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.
Alius Finance Business Loan
Loan Type
Unsecured term loan
Loan amount
£10,000 to £1,000,000
Representative APR
6.68% APR
Loan term
3 months to 60 months
No obligation funding decision, typically within 24-48 hours. Flexible options including, interest-only and no early repayment penalties.
Available to UK limited companies only. Minimum trading history of 6 months.
Representative Example: The representative rate is 7.59% APR (fixed) so if you borrow £10,000 over 60 months at a rate of 5.95% p.a. (fixed) you will repay £12,049.17 in total.

Last updated: 15 February, 2021

What is a small business loan?

Small business loans are exactly what they sound like - they're cash loans for small businesses.

As with any kind of loan, to get one of these small business loans, you'll have to meet the lender's criteria. This varies between lenders, but typically your business must not employ more than 50 people, or have an annual turnover of more than £150,000.

You can use small business loans for most business expenses, including:

  • Employee wages

  • Rent for your work premises

  • Equipment

  • Marketing

  • Training

  • Recruitment

  • Stock.

Use the comparison above to check the loan amounts each lender can offer. However, the amount you could get depends on your business' income and acceptance relies on passing a credit check.

How to get a small business loan

If you need a cash injection for your small business, you might be looking into how to get a small business loan. It's not hard to apply and is quick to do online. It doesn't take long to get the money put into your business bank account either.

Remember that to apply for any small business loans, you don't need a large turnover. You also don't need to have been up and running for a specific amount of time.

Before you can compare the cost of small business loans, you need to check:

  • That lenders can offer the loan amount you need

  • What is the representative Annual Percentage Rate (APR) that each lender offers

  • The term each lender lets you borrow over (so, how long it'll take to pay it back).

When you've got a shortlist of lenders, you can work out which small business loans will be the cheapest and most suitable for your business.

Here's more information on business loans

What kind of small business loans are there?

It doesn't matter what kind of small business you have, it shouldn't affect your chances of getting a small business loan.

Here are some examples of what you could get:

  • small home business loans

  • pub business loans

  • retail business loans

  • loans for beauty salons/salon business loans

  • and loans for all kinds of other businesses.

It can be a helpful way to boost your cashflow, grow your business or manage a period of uncertainty.

What will your business loan cost?

The amount you pay for small business loans depends on several factors. These include:

  • The amount you borrow

  • The term you choose to repay the loan

  • The APR you get when you apply.

You'll get a fixed APR for the duration of your small business loan. This'll be confirmed you go through a credit check as part of your small business loan application.

The higher the APR, the more interest you'll pay. Look at a range of small business loans to find the lowest possible APR for the amount you want to borrow. This'll cut the amount of interest you need to pay.

Some lenders have loan calculators on their site to give you an idea of your loan repayments.

Can you get a start up loan for a small business?

Yes, but if you need small business funding for a start up you may need to apply for a start up business loan instead.

This loan type helps companies with limited trading experience apply for cash.

Compare small business startup loans here

Does the government offer any small business loans?

The government has introduced financial support for businesses as a result of the pandemic. These include:

  • Bounce Back Loan Scheme. This allows smaller businesses to borrow £2,000-£50,000, interest free for the first 12 months. These loans are 100% government-backed. You can find out more about the Bounce Back Loan Scheme here.

  • Coronavirus Business Interruption Loan Scheme - This allows larger businesses to borrow from £50,001 up to £5 million. These loans are 80% government-backed. You can read more about the Coronavirus Business Interruption Loan Scheme here.

Small business loans FAQs

The representative APR is the rate a lender must offer at least 51% of applicants, which means you are not guaranteed to get the rate shown.

It depends on the lender. Each small business lender will specify the size your business needs to be before you can apply.

If you cannot repay your loan, it could negatively affect yours or your business' credit profile and prevent you from borrowing again in the future.

A loan charges you interest whether you use the money or not, so only apply for small business financing if you need the cash.

About our small business loans comparison

We include loans available for businesses with an annual turnover less than £1 million, directly from lenders and through brokers on our panel. Here is more information about how our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.