Best £600K Secured Business Loan Lenders
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 2026-04-09.
Funding Agent is a broker matching UK SMEs with various business finance options through a fast, simple application process. It typically suits businesses looking for quick access to unsecured loans and working capital with flexible repayment options. Funding Agent emphasises speed, ease, and transparent comparisons without requiring collateral.
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
OakNorth Bank specialises in fast, flexible secured business loans primarily for larger businesses requiring sums from one million pounds upwards. It is suitable for established franchises or commercial ventures needing tailored funding with sector-specific considerations. OakNorth offers custom repayment arrangements with an emphasis on collateralised lending.
Loan Details
- Min Amount: £1,000,000
- Max Amount: £10,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Custom ⌛
Services & Industries
- Finance Types: Secured loans
- Industries: Various
Pros
- Flexible amounts
- Sector-specific solutions
Close Brothers provides asset finance and secured lending primarily for asset-heavy sectors. It fits businesses needing tailored finance solutions backed by collateral, accommodating various repayment structures. Close Brothers focuses on flexible lending to support growth through secured facilities.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 6%
- Max APR: 0%
- Loan Duration: Custom ⌛
Services & Industries
- Finance Types: Asset finance, Secured loans
- Industries: Asset-heavy industries
Pros
- Tailored finance options
- Experienced lender
Capify offers unsecured business loans and merchant cash advances designed for SMEs requiring quick funding access. It suits companies valuing fast application and funding with flexible repayment types. Capify focuses on speed and accessibility, with some consideration for creditworthiness.
Loan Details
- Min Amount: £5,000
- Max Amount: £1,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Custom ⌛
Services & Industries
- Finance Types: Business loans, Merchant cash advances
- Industries: Retail, Hospitality
Pros
- Quick approval
- Wide access range
Time Finance specialises in secured loans and asset finance for businesses targeting growth capital. It is suitable for SMEs that can provide security and seek flexible term lengths. Time Finance emphasises structured lending with varied finance options to support expanding operations.
Loan Details
- Min Amount: £50,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Up to 5 years ⌛
Services & Industries
- Finance Types: Secured loans, Asset finance
- Industries: SMEs
Pros
- Flexible terms
- Variety of finance options
Barclays provides a broad range of unsecured and secured business loans aimed at growing UK companies. It suits businesses looking for established bank lending with product variety and potentially longer repayment durations. Barclays prioritises flexibility in lending with accessible terms within defined loan ranges.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Up to 10 years ⌛
Services & Industries
- Finance Types: Unsecured loans, Secured loans
- Industries: Various
Pros
- Wide range of products
- Quick disbursement
HSBC offers commercial and small business loans suitable for firms managing various financial needs with some flexibility in loan terms. It fits businesses requiring accessible bank lending with a range of repayment options. HSBC provides structured loans often requiring thorough eligibility checks.
Loan Details
- Min Amount: £1,000
- Max Amount: £25,000
- Min APR: 11.3%
- Max APR: 0%
- Loan Duration: 1 to 10 years ⌛
Services & Industries
- Finance Types: Commercial loans, Small business loans
- Industries: Various
Pros
- Global presence
- Flexible loan terms
Clifton Private Finance provides bespoke lending and financial advice, focusing on bridging finance and specialised business loans. It is suited for businesses in property development and commercial sectors seeking tailored solutions. Clifton Private Finance emphasises personalised service, flexible loan terms, and may involve fee considerations.
Loan Details
- Min Amount: £50,000
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Flexible ⌛
Services & Industries
- Finance Types: Bridging finance, Business loans
- Industries: Property development, Commercial activities
Pros
- Tailored advice
- Quick processing
Expertsure is a comparison platform listing secured business loan providers for UK SMEs. It suits borrowers seeking to compare offers across lenders with competitive APRs without engaging directly. Expertsure provides access to various finance types with an overhead on choice and variability.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 3.5%
- Max APR: 0%
- Loan Duration: Variable ⌛
Services & Industries
- Finance Types: Secured loans
- Industries: Various
Pros
- Comprehensive comparisons
- Low APR
Simply Business acts as an online comparison service for business loans, catering to small and medium enterprises. It fits borrowers wanting to explore multiple loan options before deciding. The platform emphasises ease of comparison across providers, not direct lending.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Variable ⌛
Services & Industries
- Finance Types: Loan comparisons
- Industries: Various
Pros
- Wide variety
- Easy to compare
How to choose
When selecting the best secured business loan lenders around £600,000, consider your loan amount and required flexibility carefully. Evaluate APRs and repayment terms to ensure affordability given your franchise’s cash flow and seasonality. Check eligibility criteria and whether collateral or security is necessary, as this impacts borrowing options. Balance the need for speed against the benefit of tailored loan features. Also, review fees and early repayment conditions to avoid unexpected costs. Using brokers or comparison platforms may offer wider choices, while banks typically provide more structured lending.
Conclusion
Choosing the right lender depends on your business size and funding needs. Banks are preferable for established companies seeking structured loans with set terms. Brokers and specialist lenders can provide faster access or bespoke financing for more specific requirements. Funding Agent remains a useful resource for SMEs wanting quick comparisons across multiple loan options. Match lender type to your particular use case to secure the most appropriate £600 thousand pounds loan.
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