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

Discover the best unsecured business loan lenders offering up to £850K in the UK. Compare rates, terms, and find the ideal loan for your business needs today.
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Best £850K Unsecured Business Loan Lenders
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 £850K Unsecured 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 providing quick comparisons of business finance options for UK SMEs. It is suitable for franchise buyers and small businesses looking for unsecured loans without requiring collateral. The platform offers a fast, straightforward application process with accessible options matched by eligibility.

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 delivers a range of flexible business loans focused on both unsecured and secured options. It is suited to UK SMEs needing adaptable funding for expansion or working capital. The provider balances flexible terms with tailored support, though loan duration details are typically case-dependent.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 5%
  • Max APR: 19%
  • Loan Duration: Unknown

Services & Industries

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

Pros

  • Flexible funding
  • Rapid decision

Cons

  • Higher APR for unsecured loans

Sources: Source

3. iwoca

iwoca specialises in simple, fast business loans suited to small UK businesses requiring unsecured finance with quick access. It is ideal for short-term working capital needs with flexible repayment options. The lender emphasises speed and ease, supporting speedy decision-making without collateral requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6.9%
  • Max APR: 0%
  • Loan Duration: 1 day to 24 months

Services & Industries

  • Finance Types: Business Loans
  • Industries: Various

Pros

  • No early repayment fees
  • Quick decision process

Cons

  • Short repayment term

Sources: Source

4. Barclays

Barclays is a major banking provider with a variety of business loans, including unsecured and secured solutions. It suits UK SMEs seeking reputable financing options, often with structured terms and established collateral requirements. The bank offers consistent customer support, though eligibility criteria can be strict.

Loan Details

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

Services & Industries

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

Pros

  • Trusted banking partner

Cons

  • Stricter eligibility criteria

Sources: Source

5. Lloyds Bank

Lloyds Bank offers diverse business loans suitable for various financial needs within UK companies. It fits borrowers seeking established banking solutions with standard loan products and predictable repayment plans. The bank may involve formal assessment with potential collateral on larger loans.

Loan Details

  • Min Amount: £0
  • Max Amount: £1,000,000
  • Min APR: 11.2%
  • Max APR: 0%
  • Loan Duration: 1 year and up

Services & Industries

  • Finance Types: Business Loans
  • Industries: Various

Pros

  • Comprehensive loan products

Cons

  • Higher interest rates

Sources: Source

6. NatWest

NatWest provides a broad range of business financing products, including unsecured loans and overdrafts. It supports diverse UK SMEs requiring flexible access to funds with expert guidance. The lender's broad product range adapts to different business sizes and needs, although loan durations vary by case.

Loan Details

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

Services & Industries

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

Pros

  • Wide range of products

Cons

  • No early closure fees

Sources: Source

7. Virgin StartUp

Virgin StartUp is dedicated to assisting UK entrepreneurs with access to start-up loans and business advice. It is appropriate for early-stage businesses and startups requiring manageable loan amounts coupled with expert support. The lender offers predictable repayments and specialist advisory services to foster business growth.

Loan Details

  • Min Amount: £500
  • Max Amount: £25,000
  • Min APR: 6%
  • Max APR: 6%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Start-Up Loans
  • Industries: Startups

Pros

  • Predictable repayments
  • Expert advice

Cons

  • Lower loan amounts

Sources: Source

8. Bizcap

Bizcap offers fast and flexible business loans to UK companies, including those with less favourable credit. It caters to SMEs requiring unsecured and secured financing with adaptable terms. The provider emphasises quick access to funding and less stringent credit assessments.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible

Services & Industries

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

Pros

  • Quick funding
  • No credit checks

Cons

  • Higher risk loans

Sources: Source

9. White Oak UK

White Oak UK focuses on providing business loans up to £2 million aimed at helping UK SMEs grow. It suits companies looking for accessible financing with a range of unsecured options. The lender balances rapid funding with eligibility requirements that reflect borrower profiles.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Business Loans
  • Industries: SMEs

Pros

  • Large loan amounts
  • Rapid funding

Cons

  • Eligibility requirements

Sources: Source

10. MAF Finance Group

MAF Finance Group operates as a finance broker providing access to various business loans and invoice finance products. It is suitable for UK SMEs looking for brokered access to multiple lenders and tailored financial solutions. The service includes expert guidance with a focus on unsecured loans and flexible options.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Unsecured Loans, Invoice Finance
  • Industries: Various

Pros

  • Expert financial guidance

Cons

  • Broker services

Sources: Source

How to choose

When selecting from the best £850K unsecured business loan lenders, consider your required loan size and affordability against the APR offered. Review eligibility criteria carefully, as this can vary greatly between providers. Weigh up the speed of funding against the flexibility of repayment terms to match your business needs. Pay attention to whether collateral or security is needed, and whether loan products are provided directly by banks, brokers, or specialists. Assess fees and any early repayment conditions before committing. Always align lender offerings with your business cash flow and sector specifics.

Conclusion

The right loan lender depends on your business needs. Established banks usually offer more structured products with formal requirements, suitable for borrowers with clear credit profiles. Brokers can provide access to a wider range of lenders and more flexible options, but may involve additional services. Specialist lenders often focus on niche sectors or loan types. Funding Agent is a practical choice for those seeking to compare multiple unsecured business loan options around 850 thousand pounds quickly. Always confirm up-to-date terms before proceeding.

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FAQs

What is an unsecured business loan?
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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 provides flexible business loans, helping UK SMEs with funding from £10k to £5m.£10,000–£2,000,000; 5%–19% APR; Unknown
3iwocaIwoca offers simple and fast business loans, supporting small businesses with funding solutions up to £1 million.£1,000–£1,000,000; 6.9%–0% APR; 1 day to 24 months
4BarclaysBarclays is a major UK bank offering a wide range of business finance options including unsecured and secured loans.£1,000–£100,000; 0%–0% APR; Unknown
5Lloyds BankLloyds Bank offers a range of business loans to support various financial needs of UK companies.£0–£1,000,000; 11.2%–0% APR; 1 year and up
6NatWestNatWest offers business financing solutions, including loans from £25,001 to £10 million, with expert support.£25,001–£10,000,000; 0%–0% APR; Unknown
7Virgin StartUpVirgin StartUp helps UK entrepreneurs access start-up financing and business advice to thrive in their early stages.£500–£25,000; 6%–6% APR; Unknown
8BizcapBizcap provides fast, flexible business loans to UK businesses, even for those with bad credit histories.£5,000–£1,000,000; 0%–0% APR; Flexible
9White Oak UKWhite Oak UK offers business financing solutions with loans up to £2 million, helping UK SMEs grow.£5,000–£2,000,000; 0%–0% APR; Unknown
10MAF Finance GroupMAF Finance Group is a finance broker helping businesses access a variety of financing options including loans.£0–£0; 0%–0% APR; Unknown