January 23, 2026
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Best Lenders to Secure a 120k Short Term Loan

Best Lenders to Secure a 120k Short Term Loan

Discover the top lenders offering short term loans up to £120,000. Compare rates, terms, and find the best option to secure your loan quickly and easily.
Abdus-Samad Charles
Finance Writer

Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses.

Best Lenders to Secure a 120k Short Term 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.

1. Funding Agent

Funding Agent focuses on helping UK SMEs access a range of unsecured business finance options quickly. It is typically suited to businesses seeking working capital with a straightforward and efficient application process. The provider offers flexibility without the need for collateral and enables borrowers to compare multiple lenders through one platform.

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. Norton Finance

Norton Finance provides secured and unsecured lending options with flexible repayment structures. It is generally suitable for businesses looking for secured solutions or unsecured credit with a variety of term options. The lender offers diverse loan products that may require different levels of security or collateral based on the applicant’s needs.

Loan Details

  • Min Amount: £2,000
  • Max Amount: £50,000
  • Min APR: 6.59%
  • Max APR: 65.2%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: General Business

Pros

  • Long-established company
  • Diverse loan options

Cons

  • High APR for unsecured loans

Sources: Source

3. Cashfloat

Cashfloat operates as a direct lender specialising in smaller business loans with fixed interest rates. It generally suits borrowers needing short-term finance who may have less-than-perfect credit. The lender emphasises fast approval and clear terms, focusing on loans without requiring extensive collateral.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 274.08%
  • Max APR: 1294%
  • Loan Duration: 1–18 months

Services & Industries

  • Finance Types: Short Term Loan, Personal Loan
  • Industries: Small Business, Retail

Pros

  • Available for poor credit
  • Fast application process

Cons

  • Very high interest rates

Sources: Source

4. Little Loans

Little Loans serves as a loan broker that connects consumers with lenders offering short term products. It is typically suitable for borrowers who require access to various lending options, including those with changed credit. The service provides quick access to multiple lenders but does not directly provide loans.

Loan Details

  • Min Amount: £100
  • Max Amount: £10,000
  • Min APR: 20%
  • Max APR: 100%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Short Term Loan
  • Industries: Individual Consumers

Pros

  • Fast processing
  • Serves bad credit borrowers

Cons

  • High APR rates

Sources: Source

5. Marks and Spencer Personal Loans

Marks and Spencer Personal Loans offers fixed-rate personal loans designed for a range of individual financial needs. This option suits customers who prefer stable repayment schedules and fixed interest rates. The loans provide longer-term repayment flexibility but with a capped maximum amount suitable for moderate financing needs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 6.6%
  • Max APR: 19.67%
  • Loan Duration: 12–84 months

Services & Industries

  • Finance Types: Personal Loan
  • Industries: Personal Finance

Pros

  • Fixed APR
  • Reputable brand

Cons

  • Limited loan amount

Sources: Source

6. Compare the Market

Compare the Market is a comparison platform offering access to various financial products including short term loans. It best suits borrowers looking for an overview of available lenders and loan options. The site enables quick price and term comparisons but does not provide lending directly.

Loan Details

  • Min Amount: £100
  • Max Amount: £3,000
  • Min APR: 10%
  • Max APR: 100%
  • Loan Duration: 1–12 months

Services & Industries

  • Finance Types: Payday Loan, Short Term Loan
  • Industries: Comparison Services

Pros

  • Wide range of lender options
  • Quick comparison tools

Cons

  • Not a direct lender

Sources: Source

7. GoCompare

GoCompare offers a platform to compare a variety of short-term loans from different lenders. It is suitable for users who want to evaluate terms and prices before deciding. The platform provides easy access to a range of products but no direct lending.

Loan Details

  • Min Amount: £100
  • Max Amount: £3,000
  • Min APR: 12%
  • Max APR: 99.9%
  • Loan Duration: 1–12 months

Services & Industries

  • Finance Types: Short Term Loan, Payday Loan
  • Industries: Comparison Services

Pros

  • User-friendly interface
  • Comprehensive options

Cons

  • Not a direct lender

Sources: Source

8. MoneySuperMarket

MoneySuperMarket is an online comparison service for a variety of personal loan products. It suits individuals looking to explore different lenders and loan terms easily. The platform provides broad market coverage but does not issue loans directly.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 6%
  • Max APR: 20%
  • Loan Duration: 12–60 months

Services & Industries

  • Finance Types: Personal Loan
  • Industries: Comparison Services

Pros

  • Comprehensive comparison
  • Customer rewards

Cons

  • Not a direct lender

Sources: Source

9. Lending Stream

Lending Stream specialises in fast-access short-term and payday loans. It is most suited for borrowers who need quick funding for urgent financial needs. The lender offers rapid online application and immediate funds but with high interest rates typical of payday lending.

Loan Details

  • Min Amount: £50
  • Max Amount: £1,500
  • Min APR: 1325%
  • Max APR: 1601.18%
  • Loan Duration: 1–6 months

Services & Industries

  • Finance Types: Payday Loan, Short Term Loan
  • Industries: Payday Loans

Pros

  • Quick online application
  • Immediate disbursement

Cons

  • Extremely high APR

Sources: Source

10. Money Saving Expert

Money Saving Expert provides consumer guidance and comparisons on various loan products. It is ideal for borrowers seeking impartial advice and education on loan options. The site supports informed decisions but does not provide direct lending services.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 6.9%
  • Max APR: 24.9%
  • Loan Duration: 6–60 months

Services & Industries

  • Finance Types: Personal Loan
  • Industries: Personal Finance

Pros

  • Trusted advice
  • Numerous resources

Cons

  • Not a direct lender

Sources: Source

How to choose

When seeking the best lenders for a 120k short term loan, consider your specific financing needs and loan term preferences. Assess whether you require direct lending or brokered access to multiple lenders. Evaluate loan speed, flexibility, and whether collateral is necessary. Review eligibility criteria to ensure you qualify and check repayment options to match cash flow. Compare APRs and fees carefully. Prioritise lenders who provide clear loan terms and transparent costs.

Conclusion

Choosing the right lender depends on your loan purpose and credit profile. Banks or direct lenders suit borrowers seeking defined terms and stable repayments. Brokers provide access to a broader selection and can help those with less typical needs. Specialists or payday lenders address urgent small loan requirements but often at higher rates. Funding Agent is a helpful resource for SMEs needing quick comparisons across many lenders. Always match lenders to your financial context and verify current terms before proceeding.

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FAQs

What is a short term 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
2Norton FinanceNorton Finance provides a wide range of secured and unsecured loans with flexible terms.£2,000–£50,000; 6.59%–65.2% APR; Unknown
3CashfloatCashfloat is a leading UK direct lender specializing in small business loans up to £100,000 with competitive fixed rates.£1,000–£100,000; 274.08%–1294% APR; 1–18 months
4Little LoansLittle Loans acts as a broker to connect consumers to lenders offering short term loans.£100–£10,000; 20%–100% APR; Unknown
5Marks and Spencer Personal LoansMarks and Spencer offers personal loans with fixed APRs for a variety of financial needs.£1,000–£25,000; 6.6%–19.67% APR; 12–84 months
6Compare the MarketA price comparison website offering a variety of financial products including short term loans.£100–£3,000; 10%–100% APR; 1–12 months
7GoCompareGoCompare allows customers to compare a wide array of short-term loans to find the best fit for their needs.£100–£3,000; 12%–99.9% APR; 1–12 months
8MoneySuperMarketMoneySuperMarket is an online financial service that allows user comparison across a range of personal loan offers.£1,000–£25,000; 6%–20% APR; 12–60 months
9Lending StreamLending Stream specializes in short-term and payday loans designed for quick financial needs.£50–£1,500; 1325%–1601.18% APR; 1–6 months
10Money Saving ExpertMoney Saving Expert is a consumer site offering guidance and comparisons on a range of financial products, including loans.£1,000–£25,000; 6.9%–24.9% APR; 6–60 months