^£700k Manufacturing Business Loan – Apply Now

Asset-backed term loans for manufacturing SMEs commonly sit in the £250k to £2m range, so £700k can be a realistic midpoint for suitable cases. Typical lending terms are 36 to 84 months, often 48 to 72 months where the purpose is equipment or plant-driven. Decision time is commonly 2 to 8 weeks from full application submission, as valuations and security structuring can take longer. Interest is frequently fixed or part-fixed, or a margin over a base reference, with a broad SME range of about 8% to 18% per year depending on risk and security.

Unsecured term loans commonly range from £100k to £750k, meaning a £700k request can be possible for well-performing SMEs, though it is more sensitive to affordability. Lending terms are typically 24 to 60 months, with many falling into a 36 to 48 month range. Decision times are often 1 to 6 weeks after a complete application, especially when evidence is straightforward. Interest is more likely to be higher than secured borrowing, commonly around 10% to 20% per year for SMEs depending on risk, credit history and how well the lender can stress-test repayment capacity.

Refinancing term loans often sit in the £200k to £3m range, so a £700k consolidation or restructuring can fit where the move reduces monthly pressure. Typical terms are 48 to 96 months, often 60 to 84 months where borrowing is secured against business assets. Decision times are commonly 3 to 10 weeks because lenders may require more detail on existing debt, security ranking and completion steps. Pricing is risk and lender-dependent, broadly around 7% to 16% per year for many eligible SMEs, and refinancing can be priced higher if leverage is a concern.