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.
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
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
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
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
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
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
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
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
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
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
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.