^£1m Manufacturing Business Loan – Apply and Get Funded

For an asset-backed term loan (plant and machinery), lenders typically want a UK incorporated business with manufacturing operations and tangible assets in the UK that can support the lending. Underwriting commonly considers historic trading affordability, your credit profile, and evidence that the asset plan is credible. Terms are often 24 to 84 months, with decision times often around 2 to 6 weeks once documents are provided. Rates commonly fall roughly between 6.0% and 12.0% per year, depending on risk and whether pricing is fixed or variable.

With an unsecured or part-unsecured term loan, a lender typically assesses affordability from management accounts and or year-end accounts, alongside credit standing. The usual range is £100,000 to £1,500,000, with £1m achievable for stronger-performing SMEs. Terms are often 24 to 72 months. Decision times are commonly around 2 to 8 weeks depending on financial complexity and credit checks. Pricing is often higher than secured deals, with a realistic range of roughly 7.5% to 14.5% per year, influenced by your credit profile and leverage.

An invoice-supported term loan focuses on working-capital realities for manufacturers. Typical amounts are £200,000 to £1,500,000, with £1m possible where invoice volumes and customer quality support borrowing. Terms are commonly 12 to 48 months. Rates are usually linked to risk and structure, with a realistic range of roughly 8.0% to 16.0% per year, affected by customer concentration and arrears patterns. Decisions are often around 2 to 6 weeks if invoice data is clean, and can extend to 8 weeks where there are disputes or complex customer structures.