April 14, 2026
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Best £350k Business Overdraft Providers

Discover the best £350k business overdraft providers in the UK. Compare rates, features, and benefits to find the ideal overdraft for your business needs.
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Best £350k Business Overdraft Providers
Jesse Spence
Finance content writer / Market researcher

Jesse Spence is a Funding Research and Content Lead at Funding Agent with 4 years of experience in market research. He focuses on turning lender criteria and market insights into practical, plain-English resources that help business owners, not only, improve approval chances and choose the right type of finance but also find the right funding providers for their needs.

Best £350k Business Overdraft Providers

For UK franchise buyers and operators, this guide compares loan periods and amounts, APRs, and terms across leading providers, with a focus on eligibility and fit. Amounts that could not be verified are left blank, prices accurate as of 2026-04-08.

1. Funding Agent

Funding Agent focuses on providing a fast and simple application process for UK SMEs to compare business finance options. It is typically suitable for SMEs seeking clear and predictable loan terms with no collateral requirement. The provider emphasizes quick eligibility matching and straightforward access to various finance types.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £1,000,000
  • Min APR: 4%
  • Max APR: 20%
  • Loan Duration: 3–60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, MCA Loans, Working capital
  • Industries: UK SME's

Pros

  • fastest and easiest application process
  • No collateral required

Cons

  • lower track record, only trading 1 year

Sources: Funding Agent

2. HSBC

HSBC specialises in bank business loans with flexible terms, suitable for a broad range of UK businesses including small and larger enterprises. It is generally suited for borrowers seeking established lenders offering competitive rates and variable repayment options. HSBC offers flexible loan structures but may require more time for eligibility and approval.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.3%
  • Max APR: 0%
  • Loan Duration: 12 months to 10 years ⌛

Services & Industries

  • Finance Types: Small Business Loans, Commercial Loans
  • Industries: Various

Pros

  • Competitive APR
  • Flexible loan terms

Cons

  • Limited loan amount for small businesses

Sources: Source

3. Lloyds Bank

Lloyds Bank offers business loans primarily for expansion or equipment financing, suited for UK SMEs with needs for long-term borrowing. The bank provides flexible loan durations and potentially higher loan amounts. Lloyds typically requires standard lending criteria and may offer variable repayment arrangements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 25 years ⌛

Services & Industries

  • Finance Types: Business Loans, Growth Guarantee Scheme
  • Industries: Various

Pros

  • Long repayment terms
  • High maximum loan amount

Cons

  • APR not specified

Sources: Source

4. NatWest

NatWest provides a versatile range of small business loans, suited to companies with turnover up to £2 million. The lender focuses on flexibility, with options adjustable to a variety of business needs. NatWest’s loans generally offer unsecured facilities with flexible repayment terms.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Small Business Loans, Overdrafts
  • Industries: Various

Pros

  • Covers a wide range of business needs
  • Flexible terms

Cons

  • Limited maximum loan amount compared to other providers

Sources: Source

5. Barclays

Barclays focuses on providing large business loans with competitive rates and tailor-made solutions to fit diverse business needs. It is suitable for borrowers requiring scalable funding options with variable repayment schedules. Barclays typically serves a broad range of industries, including those needing commercial mortgages.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000,000
  • Min APR: 11.2%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Small Business Loans, Commercial Mortgages
  • Industries: Various

Pros

  • Large loan amounts available
  • Tailored solutions

Cons

  • Potentially high APR for smaller loans

Sources: Source

6. Metro Bank

Metro Bank offers flexible loan options aimed at business growth, with terms adaptable to various requirements. It is suited for UK SMEs seeking accessible lending with clear APR indications. The provider tends to emphasise borrower convenience with flexible repayment arrangements and unsecured loan products.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 9.6%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Business Loans, Overdrafts
  • Industries: Various

Pros

  • Flexible loan terms
  • Clear APR rates

Cons

  • Specific loan amounts are not specified

Sources: Source

7. Santander

Santander provides business loans designed with flexible options and interest-free periods, suitable for a variety of business financing needs. The lender generally targets UK SMEs looking for manageable repayment flexibility. Santander’s products allow access to both short and longer-term loans without specific collateral constraints.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £250,000
  • Min APR: 7.9%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Business Loans, Corporate Finance
  • Industries: Various

Pros

  • Interest-free periods available
  • Flexible terms

Cons

  • Limited maximum loan amount in comparison

Sources: Source

8. TSB

TSB offers a broad selection of business loans, including fixed-rate and variable-rate options suitable for various financing needs. It targets UK SMEs requiring versatile repayment plans with transparent loan amounts. TSB loans generally combine accessibility with structured repayment periods to support diverse business uses.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 9.9%
  • Max APR: 0%
  • Loan Duration: 1 to 10 years ⌛

Services & Industries

  • Finance Types: Fixed Rate Loans, Variable Rate Loans
  • Industries: Various

Pros

  • Wide range of loan amounts
  • Fixed rate options available

Cons

  • Higher APR compared to some other lenders

Sources: Source

9. Royal Bank of Scotland (RBS)

Royal Bank of Scotland (RBS) provides flexible business loans suited for SMEs seeking a range of funding solutions. Their products typically feature variable repayment terms and scalable loan amounts. RBS loans often cater to those wanting adaptable borrowing with access to small and larger loans.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Small Business Loans, Large Business Loans
  • Industries: Various

Pros

  • Flexible borrowing options
  • Wide range of loan amounts

Cons

  • Specific APR not provided

Sources: Source

10. Funding Circle

Funding Circle is a specialist lender focused on delivering fast, competitive small business loans with quick decisions. It generally suits UK SMEs looking for rapid access to funds and clear repayment options. Funding Circle’s loans offer brokered access to a broad range of loan sizes with flexible terms.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Small Business Loans
  • Industries: Various

Pros

  • Quick decision
  • Competitive rates

Cons

  • Upper limit is lower than some traditional banks

Sources: Source

How to choose

When selecting the best £350k business overdraft provider, consider how the loan size and APR align with your cash flow and business capacity. Check each lender's eligibility criteria to ensure you qualify. Balance the speed of approval against loan flexibility and repayment terms. Understand the impact of security requirements and whether loans are unsecured or require collateral. Assess fees and any conditions for early repayment. Prioritise lenders that suit your franchise’s seasonality and working capital needs.

Conclusion

Choosing the right provider depends on your loan purpose and business profile. Traditional banks tend to offer large amounts with established lending criteria. Brokered lenders can provide faster decisions and more flexible access to smaller loans. Specialist lenders may suit particular industries or loan types. Funding Agent is useful for quick comparison across funding options but always confirm details before committing. Matching provider type to your business needs will help secure suitable finance for a 350 thousand pounds loan.

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FAQs

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1Funding AgentFunding Agent helps UK SMEs compare business finance options fast, with a simple application journey and quick eligibility matching.£10,000–£1,000,000; 4%–20% APR; 3–60 months
2HSBCHSBC provides a variety of business loans tailored to the needs of UK businesses, offering both small and large business loans with flexible terms and competitive APR.£1,000–£25,000; 11.3%–0% APR; 12 months to 10 years
3Lloyds BankLloyds Bank offers business loans tailored for expansion or equipment investment, with options for both small and large business loans.£1,000–£1,000,000; 0%–0% APR; Up to 25 years
4NatWestNatWest offers a range of business lending options, including small business loans for companies with turnover up to £2 million.£1,000–£100,000; 0%–0% APR; Flexible
5BarclaysBarclays offers business loans up to £25 million with competitive rates and tailored solutions to meet diverse business needs.£1,000–£25,000,000; 11.2%–0% APR; Variable
6Metro BankMetro Bank supports business growth with tailored loan options, offering flexible terms to meet various business needs.£0–£0; 9.6%–0% APR; Variable
7SantanderSantander provides business loans with flexible options and interest-free periods, catering to diverse business financing needs.£25,001–£250,000; 7.9%–0% APR; Flexible
8TSBTSB Bank offers a wide range of business loans including fixed-rate options, suitable for various business financing needs.£1,000–£1,000,000; 9.9%–0% APR; 1 to 10 years
9Royal Bank of Scotland (RBS)RBS offers business loans with flexible borrowing options, suitable for SMEs looking for funding solutions.£25,001–£10,000,000; 0%–0% APR; Flexible
10Funding CircleFunding Circle provides fast, competitive small business loans with decisions in as little as 1 hour, offering a broad range of funding amounts.£10,000–£750,000; 6.9%–0% APR; Variable
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