April 14, 2026
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Best £850K Secured Business Loan Lenders

Explore the best secured business loan lenders offering up to £850K in the UK. Compare rates, terms, and find the ideal lender to grow your business with confidence.
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Best £850K Secured Business Loan Lenders
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

Best £850K 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.

1. Funding Agent

Funding Agent focuses on helping UK SMEs compare multiple business finance options quickly. It is typically suitable for businesses seeking straightforward unsecured loans and working capital access. The platform offers quick eligibility matching, with an emphasis on a fast and simple application process 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

Sources: Funding Agent

2. Nucleus Commercial Finance

Nucleus Commercial Finance provides flexible lending solutions to UK SMEs, including both secured and unsecured options. It is suitable for businesses requiring loans for working capital or expansion, accommodating various industries. Nucleus offers a range of loan products with variable terms and typically brokered access to funding.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 8%
  • Max APR: 18%
  • Loan Duration: 6 to 84 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Various

Pros

  • Rapid decision making
  • Variety of loan products

Cons

  • Higher interest rates for unsecured loans

Sources: Source Source

3. Iwoca

Iwoca offers fast, flexible unsecured business loans primarily for UK SMEs needing quick working capital or short-term funding. It suits borrowers seeking speedy decisions and flexible repayment plans. Iwoca generally does not require collateral and lends via a straightforward online application.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 18%
  • Max APR: 35%
  • Loan Duration: 1 to 24 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans
  • Industries: Various

Pros

  • Fast approval
  • Flexible repayment

Cons

  • Higher APR for longer terms

Sources: Source Source

4. Barclays

Barclays provides bank-based business loans that suit SMEs aiming to invest or expand. Offerings include fixed and variable rates with secured and unsecured options, generally favouring straightforward repayment terms. Barclays suits borrowers who may need larger funds and flexible tenure options with formal eligibility requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000,000
  • Min APR: 11.2%
  • Max APR: 13.9%
  • Loan Duration: 12 to 72 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Various

Pros

  • No early repayment fees
  • Flexible terms

Cons

  • Higher APR for small loans

Sources: Source

5. Lloyds Bank

Lloyds Bank offers tailored business loan solutions for UK SMEs, focusing on growth and capital needs. Loans can be secured or unsecured with a range of repayment terms. The bank targets borrowers seeking established financial support with structured applications and eligibility criteria.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 11.2%
  • Max APR: 14.9%
  • Loan Duration: 12 to 120 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Various

Pros

  • Comprehensive support
  • Online application available

Cons

  • Strict eligibility criteria

Sources: Source Source

6. NatWest

NatWest offers flexible business finance products including fixed and variable rate loans suitable for UK SMEs. The lender focuses on supporting business growth with a variety of secured and unsecured options. NatWest’s products are designed for borrowers who want competitive rates and different repayment structures.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 8.2%
  • Max APR: 13%
  • Loan Duration: 12 to 84 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Various

Pros

  • Flexible loan options
  • Competitive rates

Cons

  • Less flexibility in repayment for fixed rates

Sources: Source

7. Bizcap

Bizcap specialises in quick business loans for UK SMEs, offering unsecured options that cater to diverse credit profiles. It is suitable for businesses needing fast access to funds with flexible terms. Bizcap’s process includes low-documentation loans and a relatively streamlined application.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 15%
  • Loan Duration: 1 to 36 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans
  • Industries: Various

Pros

  • Quick approval
  • Low doc loans available

Cons

  • May require higher interest for bad credit

Sources: Source Source

8. White Oak UK

White Oak UK provides secured and unsecured business finance solutions tailored to various SME needs. It focuses on supporting business growth with product ranges that often include government-backed options. White Oak UK suits borrowers seeking a variety of loan amounts with structured repayment plans.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 7.5%
  • Max APR: 18.9%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Various

Pros

  • Variety of loan amounts
  • Government-backed funding

Cons

  • Arrangement fees applicable

Sources: Source Source

9. HSBC

HSBC offers a blend of small and commercial business loans to UK SMEs, addressing capital and growth funding needs. HSBC’s loan products provide flexible terms and often include both secured and unsecured options. It is suitable for borrowers looking for established banking solutions with varied lending products.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £300,000
  • Min APR: 11.3%
  • Max APR: 22.9%
  • Loan Duration: 12 to 96 months ⌛

Services & Industries

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

Pros

  • Variety of lending products
  • Competitive commercial terms

Cons

  • Strict eligibility for higher amounts

Sources: Source Source

10. Metro Bank

Metro Bank provides business and commercial loans focused on supporting SME development with competitive rates and flexible repayment. It is well suited to businesses requiring lower loan amounts with clear borrowing terms. Metro Bank emphasises customer service and adaptable lending frameworks.

Loan Details

  • Min Amount: £2,000
  • Max Amount: £60,000
  • Min APR: 9.6%
  • Max APR: 18.9%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans
  • Industries: Various

Pros

  • Flexible borrowing terms
  • Good customer service

Cons

  • Limited loan amounts for some products

Sources: Source

How to choose

When selecting the best £850K secured business loan lender, consider your loan size, repayment term preferences, and whether you need a secured or unsecured product. Review eligibility criteria carefully, especially for secured loans, as collateral requirements and loan-to-value ratios may vary. Compare APRs, fees, and flexibility in repayment options. Speed of approval and application complexity could affect your choice, particularly if you require fast access to funds. Finally, assess whether you prefer dealing directly with banks or via brokers and specialists who may offer wider options.

Conclusion

The right lender depends on your business needs. Banks typically suit borrowers seeking direct access to established loan products and structured support. Brokers and specialist providers may offer more flexibility or faster decisions for specific loan amounts or borrower profiles. Funding Agent is a useful resource for SMEs looking to quickly compare multiple lenders. Always check current terms and eligibility before proceeding with any £850 thousand pounds loan application.

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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
2Nucleus Commercial FinanceNucleus Commercial Finance offers flexible finance solutions for SMEs in the UK, with loans tailored to business needs ranging from working capital to growth funding.£3,000–£2,000,000; 8%–18% APR; 6 to 84 months
3IwocaIwoca provides fast, flexible business loans to UK SMEs, allowing borrowing from £1,000 to £1,000,000 with decisions typically made within a day.£1,000–£1,000,000; 18%–35% APR; 1 to 24 months
4BarclaysBarclays provides a range of business loans tailored for various needs, with fixed and variable rate options for SMEs looking to expand or invest.£1,000–£25,000,000; 11.2%–13.9% APR; 12 to 72 months
5Lloyds BankLloyds Bank provides comprehensive business loan solutions for UK SMEs, offering loans from £1,000 to support business growth and capital needs.£1,000–£1,000,000; 11.2%–14.9% APR; 12 to 120 months
6NatWestNatWest offers a range of flexible business finance solutions to help UK businesses grow, including fixed and variable rate loans.£25,001–£10,000,000; 8.2%–13% APR; 12 to 84 months
7BizcapBizcap offers fast business loans to SMEs in the UK, with flexible lending options that accommodate businesses with varying credit profiles.£5,000–£1,000,000; 6%–15% APR; 1 to 36 months
8White Oak UKWhite Oak UK specializes in SME business finance, offering loan products designed to support business growth and operational needs.£25,000–£2,000,000; 7.5%–18.9% APR; 12 to 60 months
9HSBCHSBC provides both small and commercial business loans to SMEs in the UK, offering flexible solutions for capital needs and growth investment.£1,000–£300,000; 11.3%–22.9% APR; 12 to 96 months
10Metro BankMetro Bank offers business and commercial loans tailored to support SME growth, with competitive rates and flexible repayment terms.£2,000–£60,000; 9.6%–18.9% APR; 12 to 60 months
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