Best Lenders to Secure a 150k Business Line of Credit
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 2026-02-12.
Funding Agent operates as a broker platform focusing on various business finance products. It is suitable for UK SMEs seeking to quickly compare loan options with straightforward eligibility checks. The service emphasises speed and ease without requiring collateral, catering to businesses that prioritise clear terms and fast decisions.
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
Funding Circle provides direct small business loans through a peer-to-peer lending platform. It fits established UK SMEs that seek straightforward term loans for growth or refinancing. Its model offers fixed repayments and standardised terms, focusing on transparency and investor-backed funding.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 2.9%
- Max APR: 19.9%
- Loan Duration: 6-60 months ⌛
Services & Industries
- Finance Types: Business Loans, Credit Lines
- Industries: Construction, Healthcare, Professional Services
Pros
- Quick online application
- No hidden fees
Cons
- Not available for startups
Iwoca offers flexible short-term credit facilities designed for small businesses across various sectors. It is suited to SMEs requiring quick funding with adaptable repayment options. The lender focuses on speed and personalised credit assessments, often with minimal security requirements.
Loan Details
- Min Amount: £1,000
- Max Amount: £200,000
- Min APR: 3.3%
- Max APR: 36%
- Loan Duration: 1-12 months ⌛
Services & Industries
- Finance Types: Business Loans, Credit Lines
- Industries: Hospitality, Retail, E-commerce
Pros
- Flexible terms
- Quick approval
Cons
- Higher APR for small loans
Tide operates as a digital business banking platform that incorporates credit products for small businesses. It typically suits start-ups and freelancers looking for integrated banking and lending solutions. The platform offers manageable credit lines with an emphasis on convenience and technology-driven services.
Loan Details
- Min Amount: £5,000
- Max Amount: £150,000
- Min APR: 8%
- Max APR: 24%
- Loan Duration: 3-36 months ⌛
Services & Industries
- Finance Types: Business Loans, Overdrafts
- Industries: Freelancers, Start-ups, Consulting Services
Pros
- Integrated banking features
- Easy management
Cons
- App-based service limitations
Lloyds Bank provides a broad range of traditional banking and lending products for businesses of various sizes. It is typically suited to businesses seeking established financial institutions with a variety of term loan options. Lloyds offers structured repayment plans and may include secured and unsecured finance options.
Loan Details
- Min Amount: £1,000
- Max Amount: £500,000
- Min APR: 2.4%
- Max APR: 20%
- Loan Duration: 12-120 months ⌛
Services & Industries
- Finance Types: Business Loans, Mortgages
- Industries: Manufacturing, Agri-business, Professional Services
Pros
- Wide range of financial services
- Strong customer support
Barclays is a major UK bank offering a wide array of business finance options. It suits companies that require diverse loan solutions, including options secured against cash flow. Barclays aims to balance comprehensive service with competitive rates and variable terms to meet business needs.
Loan Details
- Min Amount: £1,000
- Max Amount: £1,000,000
- Min APR: 1.8%
- Max APR: 18.9%
- Loan Duration: 6-120 months ⌛
Services & Industries
- Finance Types: Business Loans, Cash Flow Finance
- Industries: Healthcare, Retail, Construction
Pros
- Trusted name
- Diverse range of products
HSBC delivers wide-ranging financial services globally, including business lending. It is appropriate for SMEs looking for international support and diverse lending products. HSBC emphasises tailored solutions and extensive network access with varying loan and repayment structures.
Loan Details
- Min Amount: £1,000
- Max Amount: £500,000
- Min APR: 3%
- Max APR: 21%
- Loan Duration: 6-60 months ⌛
Services & Industries
- Finance Types: Business Loans, International Trade Finance
- Industries: Finance, Technology, Manufacturing
Pros
- Global reach
- Solid support
NatWest offers traditional business loans and credit facilities for a range of business sectors. It is tailored to UK SMEs seeking straightforward access to finance with various options for borrowing. NatWest focuses on flexible loan sizes with repayment terms suited to established companies.
Loan Details
- Min Amount: £1,000
- Max Amount: £750,000
- Min APR: 3.4%
- Max APR: 24.6%
- Loan Duration: 6-84 months ⌛
Services & Industries
- Finance Types: Business Loans, Asset finance
- Industries: Retail, Construction, Energy
Pros
- Variable loan options
- Easy online management
Cons
- Requires established credit history
9. Santander
Santander delivers a range of lending and credit services tailor-made for businesses in multiple sectors. It fits UK SMEs that want flexible financing with options for both loans and credit lines. Santander’s offering includes competitive rates and credit terms aligned with business needs.
Loan Details
- Min Amount: £1,000
- Max Amount: £1,000,000
- Min APR: 2.5%
- Max APR: 22%
- Loan Duration: 6-84 months ⌛
Services & Industries
- Finance Types: Business Loans, Credit Lines
- Industries: Agriculture, Technology, Retail
Pros
- Flexible products
- Competitive rates
Cons
- Mid-tier lender restrictions
Metro Bank focuses on personalised service with business lending and credit products for SMEs. It suits companies seeking tailored banking alongside flexible loan options. Metro Bank offers accessible financing with emphasis on customer experience and relationship management.
Loan Details
- Min Amount: £2,000
- Max Amount: £500,000
- Min APR: 2.6%
- Max APR: 25%
- Loan Duration: 12-60 months ⌛
Services & Industries
- Finance Types: Business Loans, Overdrafts
- Industries: Retail, Education, Healthcare
Pros
- Innovative banking solutions
- Customer-centric
How to choose
When securing a 150k business line of credit, assess your credit needs and business profile against available options. Look for lenders that provide the right balance between loan size, APR, and repayment period. Check eligibility criteria carefully, including credit score and security requirements. Consider processing speed if quick access to funds is essential, but also factor in flexibility for repayments. Review how fees and loan terms might affect cash flow, especially for franchises with seasonal income variations. Always clarify early repayment and penalty terms before committing.
Conclusion
Choosing the right lender depends on your business needs and credit profile. Banks often provide structured loans with comprehensive services but may have stricter lending criteria. Brokers like Funding Agent can offer access to multiple products quickly, suitable for SMEs looking for comparison. Specialists or digital lenders may deliver faster decisions with more flexible terms but can vary in loan size and cost. For loans around 150 thousand pounds, evaluate providers for suitability, speed, and repayment options to match your franchise or business requirements.
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