Best Lenders to secure a 120k Secured Business Loan
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 2026-01-23.
Funding Agent focuses on providing fast access to a range of business finance options for UK SMEs through a simplified application process. It is typically suited for franchise buyers and small businesses needing flexible terms and quick eligibility assessments. The platform offers unsecured lending options with various repayment structures and minimal collateral requirements.
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
Clifton Private Finance specialises in secured lending solutions tailored to bespoke business needs. It is well suited for UK SMEs seeking property-secured financing or merchant cash advances, offering flexible loan structures. The lender generally supports applications with collateral and aims for moderate loan-to-value bands and repayment options.
Loan Details
- Min Amount: £50,000
- Max Amount: £0
- Min APR: 8%
- Max APR: 15%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Secured Loan, Merchant Cash Advance
- Industries: Real Estate, Professional Services
Pros
- No early repayment fees
- Fast funding
Cons
- Higher APR for unsecured loans
Bizcap offers flexible business loans for SMEs, providing both secured and unsecured options with fast application and approval processes. It is generally suitable for businesses requiring adaptable financing solutions with variable repayment terms. They support a broad range of industries with asset-backed lending as a primary focus.
Loan Details
- Min Amount: £30,000
- Max Amount: £750,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Flexible terms ⌛
Services & Industries
- Finance Types: Secured Business Loan, Unsecured Business Loan, Bridging Finance
- Industries: General Business, Retail
Pros
- Fast approval
- No credit check needed for secured loans
Cons
- Rates not disclosed upfront
- Limited to asset-backed loans
MoneySuperMarket is a comparison platform linking businesses to multiple loan providers, focusing on secured loan options with varied terms and rates. This service suits businesses looking for flexible choices across different lenders without direct lending. It offers wide access and comparative information for decision making.
Loan Details
- Min Amount: £10,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 1-5 years ⌛
Services & Industries
- Finance Types: Secured Business Loan, Unsecured Business Loan
- Industries: All sectors
Pros
- Wide range of lenders
- Comparative APR rates
Cons
- Third-party fees may apply
- Indirect lender
Portman Finance delivers tailored asset finance and secured business loans designed for diverse industries. Suitable for SMEs looking for specialist financing with a focus on secured lending backed by assets. The provider emphasises customised loan structures and industry expertise for sector-specific needs.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Asset Finance, Secured Business Loans
- Industries: Professional Services, Construction, Hospitality
Pros
- Specialist in various financial products
- Long-standing industry experience
Cons
- Limited information on APRs
Time Finance provides flexible secured business loans focusing on support for UK SMEs with tailored terms. It fits businesses seeking medium-term loans with asset-backed security and adjustable repayment options. The lender emphasises speed and customised terms to meet different industry requirements.
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 Loan, Asset Finance, Invoice Financing
- Industries: Manufacturing, Healthcare
Pros
- Tailored loan terms
- Quick funding
Cons
- Eligibility required based on business performance
Barclays is a prominent UK bank offering a diverse range of secured and unsecured business loans. It is suitable for SMEs requiring higher loan amounts, with flexible repayment options and various loan durations. Barclays typically provides services with recognised security requirements and established underwriting standards.
Loan Details
- Min Amount: £1,000
- Max Amount: £10,000,000
- Min APR: 5.1%
- Max APR: 15%
- Loan Duration: 1-10 years ⌛
Services & Industries
- Finance Types: Secured Loan, Unsecured Loan, Overdraft
- Industries: Retail, Manufacturing
Pros
- Low starting APR
- Trusted banking institution
Cons
- Longer application process
Tide offers straightforward business loans primarily designed for small businesses and startups. It focuses on rapid access to funds with simple application processes and limited collateral requirements. Tide best suits companies seeking quick, uncomplicated unsecured loans with flexible eligibility.
Loan Details
- Min Amount: £5,000
- Max Amount: £2,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Secured Loan, Unsecured Loan
- Industries: Small Businesses, Startups
Pros
- Fast application process
- No impact on credit score during application
HSBC provides a wide array of financing options including secured loans for businesses with diverse needs. It is ideal for SMEs seeking longer-term funding and flexible repayment plans with established banking credentials. HSBC typically requires collateral for secured lending and caters to various industry sectors.
Loan Details
- Min Amount: £1,000
- Max Amount: £10,000,000
- Min APR: 4.5%
- Max APR: 20%
- Loan Duration: 1-20 years ⌛
Services & Industries
- Finance Types: Secured Loan, Unsecured Loan, Invoice Finance
- Industries: Technology, Healthcare
Pros
- Flexible repayment options
- Global banking name
Cons
- Complex eligibility requirements
- Potentially higher APR for smaller loans
GoCompare operates as a comparison platform for business loans from multiple UK lenders. It suits businesses seeking tailored loan options by assessing a range of secured and unsecured products. The platform facilitates transparent comparison but does not provide direct lending services.
Loan Details
- Min Amount: £5,000
- Max Amount: £1,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 6 months - 10 years ⌛
Services & Industries
- Finance Types: Secured Loan, Unsecured Loan
- Industries: All Sectors
Pros
- Comprehensive comparison platform
- Access to multiple lenders
Cons
- Does not provide loans directly
- Third-party fees possible
How to choose
When securing a 120k secured business loan, evaluate lenders based on loan size, APR, and repayment terms that fit your budget. Verify eligibility criteria, including collateral requirements and loan-to-value ratios. Prioritise lenders offering flexibility in repayment and loans tailored to franchise operations. Speed of funding versus flexibility is key, so balance your immediate cash flow needs with long-term financial plans. Use broker platforms for wider comparisons or approach banks for structured lending solutions. Always review fees and early repayment conditions before committing.
Conclusion
Choosing the right lender depends on your business needs and loan purpose. Banks like Barclays and HSBC offer comprehensive services for larger or longer-term loans, while brokers like Funding Agent provide speedy comparisons and accessible unsecured loan options. Specialist lenders and platforms cater to specific industries and asset-backed financing needs. Carefully match loan characteristics with your business’s financial strategy when applying for a secured business loan around one hundred and twenty thousand pounds.
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