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Q: How much can a £350k manufacturing term loan be for?

Typical borrowing for this kind of term facility often starts around £50,000 and can extend to £1,000,000+. The amount you can access depends on factors such as cash-flow affordability, trading history and profitability, credit profile, and whether the loan is secured. For secured cases, the quality and value of assets can also affect borrowing capacity.

Q: How long does a decision usually take?

Initial decisions are commonly around 1 to 6 weeks, depending on whether the loan is secured and how ready your documents are. Funds are often available shortly after offer acceptance once completion and any legal or security steps are done, and that frequently requires a further 1 to 4 weeks, depending on the complexity of settlement or security arrangements.

Q: What interest rates could apply to a £350k term loan?

Interest rates for SME term loans are commonly in the approximate range of 7% to 18% per annum. Pricing can depend on whether the loan is secured or unsecured, overall risk and affordability, the length of the term, trading performance, and whether the rate is fixed or variable. Additional fees may also apply and are confirmed in the offer.

Q: What term loan types are available for manufacturers?

For manufacturing needs around £350k, common options include an asset-backed term loan, an unsecured term loan, and a refinance or debt consolidation term loan. Asset-backed options typically rely on tangible assets as security, unsecured options rely more on affordability and creditworthiness, and refinance options replace existing overdrafts or short-term borrowing with structured repayments.

A £350k manufacturing business loan is typically structured as a UK term loan, where you receive a lump sum and repay it through regular instalments over an agreed period. Many manufacturing SMEs use this kind of finance for practical, planned spend such as equipment and tooling, major repairs, or expansion projects. It can also help cover working capital needs like stock and materials, where cash flow depends on production cycles and customer payment timing. For many businesses, a structured monthly repayment profile is easier to plan than short-term credit.

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Why a term loan works for £350k manufacturing needs

For a manufacturing-focused requirement at around £350k, a term loan is designed to match productive investment and cash-flow planning. You get a repayment schedule that supports budgeting, while lenders typically review affordability, credit profile, and any security needs. Pricing is often reflected as a fixed rate or a margin over a benchmark, and decisions frequently happen within weeks depending on whether the application is secured—see secured business loans for manufacturing for how security may be assessed.

Predictable monthly repayments

Lump-sum capex for production

Convert short-term pressure

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Term loan types for manufacturing

Asset-backed term loan

Typically suited when you can secure the borrowing with tangible assets such as plant and machinery, aligned to the production purpose of the funding.

Asset-backed term loan

For an asset-backed term loan, eligibility often focuses on trading history, evidence you can service debt, and the quality and value of the asset you offer as security. Many SMEs will need to provide supporting documents such as bank statements and cash-flow projections, and personal guarantees are common. Typical term lengths are often 24 to 84 months, with decision times commonly around 2 to 6 weeks where valuation and security checks are required.

Unsecured term loan

Often considered where security is limited, with lenders placing emphasis on affordability, trading performance, and cash generation.

Unsecured term loan

An unsecured term loan generally relies more heavily on your ability to meet repayments from cash flow. Lenders typically review trading length, profitability or improving margins, and management information supported by accounts and bank statements. At the £350k scale, it is often considered within a wider unsecured band (commonly around 12 to 60 months). Interest rates are usually higher than secured lending, and where documentation is complete, decisions can be around 1 to 4 weeks.

Refinance or consolidation term loan

Designed for SMEs replacing existing overdrafts or short-term borrowing with one structured term facility.

Refinance or consolidation term loan

With refinance or debt consolidation, the lender typically assesses your current obligations and how a new repayment plan will be affordable going forward. This can include consolidating stock and materials finance, hire purchase balances, or multiple short-term facilities into a single loan. Terms are commonly 24 to 72 months, and decisions often take around 2 to 6 weeks because settlement and cash-flow impact reviews are part of underwriting. For manufacturers, this can also reduce repayment volatility across seasonal trading.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How to get a £350k manufacturing term loan

Share your funding need

Complete a short enquiry with details on turnover and time in business, and explain how the £350k will be used, such as equipment, stock or working capital, or refinancing existing borrowing.

We match suitable lenders

We match your inputs against lender criteria for term loans, including whether you may be considered for secured or unsecured options. This helps you focus on the routes that align with your circumstances.

Apply and review terms

We coordinate the application pack and follow up on document requests. You review the offer terms and, if you accept, we support progression through completion and funding steps.