Best Business Loan Refinancing Options for IT Support Companies in the UK
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 2025-10-09.
1. Funding Agent
Funding Agent Funding Agent provides unsecured business loans to IT support companies, offering flexible finance options to help businesses grow. It suits UK SMEs seeking clear options and predictable terms. Here's what to know:
Loan Details
- Min Amount: £5,000
- Max Amount: £1,000,000
- Min APR: 6.9%
- Max APR: 15%
- Loan Duration: 12–60 months⌛
Services & Industries
- Finance Types: Unsecured loans, Working capital, Invoice finance
- Industries: IT Support
Pros
- Flexible finance options
- Quick application process
Cons
- Higher APR for lower credit scores
Sources: https://www.fundingagent.co.uk/post/best-unsecured-business-loan-lenders-for-it-support-uk
2. Funding Circle
Funding Circle Funding Circle offers quick access to capital through online platform solutions suitable for smaller businesses. It supports borrowers seeking straightforward repayment options and competitive rates. Here's what to know:
Loan Details
- Min Amount: £10,000
- Max Amount: £750,000
- Min APR: 6.9%
- Max APR: 15%
- Loan Duration: 6–60 months⌛
Services & Industries
- Finance Types: Term loans, Working capital loans
- Industries: Small businesses
Pros
- Quick approval
- No early repayment fees
Cons
- High rates for riskier businesses
Sources: https://www.fundingcircle.co.uk
3. NatWest
NatWest NatWest provides small business loans that cater to businesses planning to expand or manage cash flow. It offers access to flexible borrowing with a range of repayment options and an online platform for quick decisions. Here's what to know:
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 10%
- Max APR: 15%
- Loan Duration: 12–84 months⌛
Services & Industries
- Finance Types: Small business loans, Overdrafts
- Industries: Various
Pros
- Trusted brand
- Fixed interest rates
Cons
- Strict eligibility criteria
Sources: https://www.natwest.com/business/loans-and-finance/small-business-loan.html
4. Lloyds Bank
Lloyds Bank Lloyds Bank offers business loans targeting firms seeking flexible credit facilities and tailored repayment plans. It provides options suitable for those needing quick access to working capital or expansion funding through online application processes. Here's what to know:
Loan Details
- Min Amount: £1,000
- Max Amount: £50,000
- Min APR: 11.2%
- Max APR: 0%
- Loan Duration: Unknown⌛
Services & Industries
- Finance Types: Business loans, Overdrafts
- Industries: Various
Pros
- Personalized service
- Competitive rates
Cons
- Limited loan amount
Sources: https://lloydstsb.co.uk/business/business-loans.html
5. GoCompare
GoCompare GoCompare matches borrowers with various lenders by providing an overview of different loan options. It aims to streamline your search for suitable financing, especially for business needs. Here's what to know:
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown⌛
Services & Industries
- Finance Types: Comparison service
- Industries: Various
Pros
- Wide range of options
- Simple comparison tool
Cons
- Indirect lender
Sources: http://www.gocompare.co.uk
6. Money.co.uk
Money.co.uk Money.co.uk provides a comparison platform for various financial products, including business loans. It helps businesses identify options based on rates and repayment terms, with quick access to suitable lenders. Here's what to know:
Loan Details
- Min Amount: £500
- Max Amount: £15,000,000
- Min APR: 6%
- Max APR: 15%
- Loan Duration: Unknown⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Various
Pros
- Comprehensive comparison
- Low starting APR
Cons
- Information overload
Sources: https://www.money.co.uk
7. Cash Flow Solutions
Cash Flow Solutions Cash Flow Solutions offers funding with a range of repayment options, including short-term loans and flexible financing. It supports businesses seeking quick access and structured repayment plans. Here's what to know:
Loan Details
- Min Amount: £20,000
- Max Amount: £0
- Min APR: 7%
- Max APR: 14%
- Loan Duration: 1 month to 6 years⌛
Services & Industries
- Finance Types: Asset purchase loans, Working capital
- Industries: Various
Pros
- Targeted solutions
- Flexible terms
Cons
- Higher rates for cash flow loans
Sources: https://www.cashflowsolutions.co.uk/best-business-loans/
8. Forbes Advisor
Forbes Advisor Forbes Advisor provides competitive business loans with varied terms and interest rates. It covers unsecured and secured options for SMEs needing flexible financing. Here's what to know:
Loan Details
- Min Amount: £10,000
- Max Amount: £5,000,000
- Min APR: 6%
- Max APR: 20%
- Loan Duration: Varies⌛
Services & Industries
- Finance Types: Secured loans, Unsecured SME loans
- Industries: Various
Pros
- Competitive rates
- Large loan amounts
Cons
- Variable terms
Sources: https://www.businessinfocus.co.uk/best-small-business-loans-providers/
9. Swoop
Swoop Swoop provides diverse funding options, including loans, equity, and grants suited for various industries. It enables businesses to access flexible finance solutions for growth or cash flow needs. Here's what to know:
Loan Details
- Min Amount: £1,000
- Max Amount: £5,000,000
- Min APR: 6.95%
- Max APR: 15%
- Loan Duration: 1 day to 60 months⌛
Services & Industries
- Finance Types: Loans, Equity finance, Grants
- Industries: Various
Pros
- Diverse funding options
- Tailored solutions
Cons
- Complex application process
10. British Business Bank
British Business Bank The British Business Bank offers a variety of finance products to small firms, including loans with fixed interest rates. It supports mainly businesses with steady growth potential and established credit history. Here's what to know:
Loan Details
- Min Amount: £500
- Max Amount: £25,000
- Min APR: 6%
- Max APR: 0%
- Loan Duration: 12–60 months⌛
Services & Industries
- Finance Types: Business loans, Equity finance
- Industries: Various
Pros
- Government-backed
- Low interest rates
Cons
- Lower maximum loan amount
Sources: https://www.british-business-bank.co.uk/business-guidance/guidance-articles/finance/start-up-loan
How to choose
Match loan size and APR to your budget, check eligibility, and balance speed against flexibility. Consider how repayments fit your franchise cash flow and seasonality. Review lender criteria, fees, and early repayment terms before applying. In 2025, aligning your funding source with your specific needs is essential. For IT support companies, lenders offering quick decisions and flexible terms can help meet operational demands. Consider whether a bank, broker, or specialist provider suits your business model and financial situation.
Conclusion
Matching the right provider type to your financing needs is vital. Banks often offer straightforward products for established companies. Brokers can access a wider range of options, including alternative or specialised funding. Sector-focused lenders provide tailored solutions for specific industries. Funding Agent is a strong choice for SMEs that want quick comparisons across multiple options. Other providers suit larger amounts, asset-backed needs, or sector specialisms. Always confirm current costs and terms with the lender; pricing may change.
