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For an unsecured term loan, eligibility often centres on having an established UK trading history, usually around 1 to 2+ years, and an acceptable credit profile. Lenders may also look at director experience, existing debt levels, and whether customer revenue is too concentrated. Typical amounts can range from £25,000 to £250,000, with terms often between 24 and 60 months. Decision timelines are often around 1 to 4 weeks for a fully assessed application, with higher amounts typically needing stronger affordability evidence. You can also review related unsecured business loans for IT support when comparing structures.

With a secured term loan, the lender assesses affordability and your ability to meet repayments and may require security over assets or property. This can be relevant if you are aiming for larger amounts such as £250,000 and can offer security to reduce lender risk. Typical amounts often sit between £100,000 and £500,000+ depending on asset or security value, and terms can commonly run from 36 to 84 months. Indicative APR ranges can be from the low-to-mid single digits up to high teens. Decision times often sit around 2 to 6 weeks due to deeper review and legal or valuation steps. If you’re comparing paths, see secured business loans for more context on how the security is assessed.

An invoice-ready or facility-backed term loan is often considered when you can show regular invoicing and reliable payment performance. Lenders typically review recent sales, invoice history, and debtor concentration, focusing on cash-flow predictability. Typical amounts are often £50,000 to £300,000+, with terms commonly from 12 to 48 months. Indicative pricing varies by lender and risk and is often within the mid single digits to high teens APR range. Decisions can often take around 2 to 5 weeks as lenders review invoice flows, debtor risk, and affordability in more detail. For an overview of the product category, explore invoice financing.