April 14, 2026
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Best £600k Business Overdraft Providers

Discover the best business overdraft providers offering up to £600k. Compare features, rates, and benefits to find the right overdraft for your UK business needs.
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Best £600k 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 £600k 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 UK SMEs with fast and straightforward comparisons of business finance options. It is typically suitable for those seeking unsecured loans and working capital without collateral. The platform offers quick eligibility matching and a streamlined application process tailored for diverse business needs.

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. Barclays

Barclays focuses on traditional bank business loans and overdraft facilities for UK businesses. It suits companies seeking flexible and competitive financing, often requiring some security or collateral. Offerings are designed for borrowers who value predictable terms and established lender support for varied business needs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 5 years ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans, Overdrafts
  • Industries: Various

Pros

  • Flexible loan terms
  • Quick approvals

Cons

  • Loan amount restrictions
  • May require security

Sources: Source

3. HSBC

HSBC offers business loans for small to medium-sized UK enterprises with secured and unsecured options. It is suited for businesses needing tailored finance solutions and those able to provide collateral or seeking flexible repayment plans. HSBC emphasises established banking services with a broader product range and global presence.

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: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • Wide range of services
  • Global reach

Cons

  • High APR for small loans

Sources: Source

4. Lloyds Bank

Lloyds Bank specialises in scalable business loans with long terms and large amounts for UK businesses. It is appropriate for companies able to meet stricter eligibility and looking for secured or unsecured lending options. Lloyds focuses on structured repayment plans and flexible financing tailored to diverse industries.

Loan Details

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

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • Long-term loan options
  • High loan amounts

Cons

  • Strict eligibility criteria

Sources: Source

5. NatWest

NatWest provides a broad range of finance solutions tailored for SME growth across sectors in the UK. It typically suits businesses requiring flexible loan terms, including secured and unsecured financing, with a focus on supporting ongoing development. The bank offers variable rates and accommodates diverse repayment options.

Loan Details

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

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans, Overdrafts
  • Industries: Various

Pros

  • No upper limit on variable rates
  • No early repayment fees

Cons

  • Higher interest for smaller loans

Sources: Source

6. Santander

Santander offers customised business loans for corporate clients with diverse financing needs across the UK. Suitable for businesses seeking personalised and adaptable loan structures, including secured lending. Emphasis is on tailored terms and collaborative planning to meet specific funding goals.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Customizable ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • Customizable loan options

Cons

  • Limited public information on rates

Sources: Source

7. Metro Bank

Metro Bank focuses on personalised business loans and overdrafts with flexible service and support. Suitable for UK SMEs needing tailored borrowing with potential security requirements. The provider emphasises relationship-driven lending and adaptable finance to fit various business plans.

Loan Details

  • Min Amount: £2,000
  • Max Amount: £60,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • Personalized service

Cons

  • Limited loan sizes

Sources: Source

8. Novuna

Novuna delivers flexible financial solutions with a focus on easy access and efficient funding decisions for UK businesses. It aligns with companies seeking adaptable loan terms and straightforward borrowing. Novuna’s offerings typically feature unsecured and secured loans to accommodate various business models.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Customizable ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • Quick funding decisions
  • No hidden fees

Cons

  • Limited maximum loan information

Sources: Source

9. Iwoca

Iwoca specialises in innovative business loans with fast decisions and flexible repayment for smaller UK companies. It suits businesses needing short-term finance with adaptable terms and straightforward access. Iwoca focuses on unsecured lending with emphasis on speed and simplicity.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 day to 24 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • Flexible terms
  • Quick approval process

Cons

  • Limited to short durations

Sources: Source

10. Tide

Tide provides streamlined SME business loans with a simple application and varied funding options in the UK. It is suited for companies that prefer straightforward online processes and flexible loan structures. Tide’s approach centres on accessibility with options for both unsecured and secured lending.

Loan Details

  • Min Amount: £500
  • Max Amount: £20,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Customizable ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various

Pros

  • High loan limits
  • No credit impact

Cons

  • Reliance on third-party providers

Sources: Source

How to choose

When selecting the best £600k business overdraft providers, consider the amount and APR that fit your financial capacity. Review eligibility criteria carefully, as some providers require collateral while others offer unsecured loans. Balance the speed of funding with the flexibility of terms and repayment options. Factor in how repayments align with your franchise's cash flow and seasonal income variations. Check lender fees and early repayment policies to avoid surprises. Always confirm current offers and terms before committing.

Conclusion

Choosing the right provider depends on your specific funding needs and business profile. Traditional banks often suit established businesses requiring larger loans or asset-backed finance. Brokers and specialist lenders may offer quicker access and more flexible terms for unsecured or smaller loans. Funding Agent remains a useful resource for SMEs comparing multiple options efficiently. Matching provider type to your use case ensures the best fit for your £600 thousand pounds loan requirements.

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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
2BarclaysBarclays offers a range of business loans and overdrafts tailored to the needs of UK businesses, with competitive rates and flexible terms.£1,000–£100,000; 0%–0% APR; Up to 5 years
3HSBCHSBC offers business loans suitable for small to medium-sized UK enterprises with options for both secured and unsecured lending.£1,000–£25,000; 11.3%–0% APR; 12 months to 10 years
4Lloyds BankLloyds Bank provides a variety of business loan solutions with the option to borrow large amounts over extended terms for various business needs.£1,000–£1,000,000; 0%–0% APR; 1 to 25 years
5NatWestNatWest offers a wide range of business finance products for SMEs, supporting business growth with various loan terms and flexible rates.£25,001–£10,000,000; 0%–0% APR; Flexible
6SantanderSantander provides tailor-made business loan solutions for corporate clients in the UK, supporting a wide range of business funding requirements.£25,001–£0; 0%–0% APR; Customizable
7Metro BankMetro Bank offers business loans and overdrafts with a personal touch, designed to suit various business borrowing needs.£2,000–£60,000; 0%–0% APR; 1 to 5 years
8NovunaNovuna provides flexible financial solutions for UK businesses with an emphasis on easy access and quick funding decisions.£10,000–£0; 0%–0% APR; Customizable
9IwocaIwoca offers innovative business loans for small businesses, providing quick decisions and flexible repayment options.£1,000–£1,000,000; 0%–0% APR; 1 day to 24 months
10TideTide provides SME business loans in the UK with a straightforward application process and a variety of funding options.£500–£20,000,000; 0%–0% APR; Customizable
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