FINANCE OPTIONS

^60k small business loans – Apply Now

Q: What is the borrowing range for small business loans?

Small business loans typically range from £5,000 to £500,000. Your borrowing limit will depend on factors like your business turnover, trading history, and how much your business can afford to repay.

Q: How long does approval and funding usually take?

For straightforward applications, initial decisions can be made in 2 to 5 days. After approval, funds are often transferred within 1 to 2 weeks, subject to complete documentation and lender checks.

Q: What interest rates and fees should I expect?

Term loans often have interest rates from 6% to 20% APR. Additional fees such as arrangement or admin charges may be included, and rates vary with credit score, sector, and amount borrowed.

Q: What types of small business loan can I access?

The main options are term loans, revolving credit facilities, and merchant cash advances. Each is suited to different business models and funding needs, with varying terms, amounts, and repayment structures.

60k small business loans are designed to help UK SMEs access the right finance for growth and operational needs. This type of small business loan provides a capital injection that can be used for many purposes, such as expansion, equipment, or bridging cash flow gaps. Flexible options and tailored lending criteria mean businesses of all sizes can consider solutions suited to their situation. Securing funding at the right time supports stability, drives growth, and helps businesses achieve their next set of goals.

Small Business Loans

Secure up to £1,000,000 in Small Business Loans with Funding Agent.

Fastest and easiest application process
Dedicated support
Loan disbursed within 24 hours
No additional charges for early repayment

Apply Now

^Benefits of Small Business Loans

Small business loans offer SMEs valuable advantages compared to other forms of funding. With predictable terms and flexible uses, companies can access amounts matched to their turnover and needs. Approvals can be swift if your application is well-prepared, and competitive rates are available to creditworthy businesses. Here are some key benefits:

Boosts cash flow

Supports business growth

Flexible repayment options

SCALE YOUR BUSINESS TO NEW HEIGHTS

Types of £60k Small Business Loans

Term Loan

Term loans offer a lump sum repayable over 12 to 60 months. Suitable for businesses trading at least 12 months and with £50,000+ turnover, they come with predictable monthly repayments and competitive rates.

Term Loan

Term loans provide up to £500,000, including the popular £60k amount. After completing a straightforward application, funds are disbursed for use in growth, buying equipment, or working capital. Repayment periods extend from 12 to 60 months with typical rates from 6% to 20% APR. Predictable fixed payments offer stability and make them ideal for businesses seeking a clear repayment plan. Most applications receive a decision in 1 to 2 weeks.

Revolving Credit Facility

This is an ongoing line of credit ideal for businesses that need flexibility. Withdraw any amount up to your agreed limit and pay interest only on what you use, making it useful for managing cash flow.

Revolving Credit Facility

Revolving credit facilities offer access to between £10,000 and £250,000. Designed for businesses that are profitable and have traded for at least six months, these facilities let you draw funds as needed and only pay interest on what is outstanding—typically 1.5% to 5% per month. Facilities are reviewed annually and are particularly useful for bridging short-term funding gaps or covering receivables.

Merchant Cash Advance

Merchant cash advances allow businesses with strong card sales to unlock funds quickly. Repayments flex with your revenue, helping with seasonal or growth-driven needs.

Merchant Cash Advance

This funding option is matched to your card takings—if you have at least £5,000 per month in card revenue, you could secure £5,000 to £300,000. Repayments are taken directly as a percentage of daily sales, easing cash flow during quieter months. Factor rates range from 1.1 to 1.5, and approvals can take just 2 to 5 days, making merchant cash advances ideal for retailers or service firms needing fast, flexible funding.