best lenders to secure a 150k unsecured 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 2026-01-13.

Quick Compare:

1. Funding Agent

Funding Agent Funding Agent is a leading provider of unsecured business loans in the UK, offering quick and simple access to financing solutions. It caters to SMEs looking for transparent options and straightforward processes. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £500,000
• Min APR: 6.9%
• Max APR: 24.9%
• Loan Duration: 6–60 months⌛

Services & Industries

• Finance Types: Unsecured Loans, Merchant Cash Advance
• Industries: Retail, IT Services

Pros

• Competitive interest rates
• Flexible repayment options

Cons

• Only available in the UK

Sources: https://www.fundingagent.co.uk

2. Fleximize

Fleximize Fleximize provides customised financing options for SMEs. It focuses on fast approval, flexible repayment terms, and broker access for tailored funding. It is suitable for businesses planning growth or managing cash flow. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £500,000
• Min APR: 10.8%
• Max APR: 46.9%
• Loan Duration: 6–48 months⌛

Services & Industries

• Finance Types: Unsecured Loans, Revenue-Based Financing
• Industries: Hospitality, E-commerce

Pros

• Loyalty incentives
• Quick approval

Cons

• Higher rates for new customers

Sources: https://www.fleximize.co.uk

3. Iwoca

Iwoca Iwoca offers flexible credit lines and loans suitable for small UK businesses. It provides rapid decision-making and various borrowing options, including short-term loans and credit lines. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £200,000
• Min APR: 19.9%
• Max APR: 49%
• Loan Duration: 1–12 months⌛

Services & Industries

• Finance Types: Credit Line, Unsecured Loans
• Industries: Retail, Professional Services

Pros

• Fast decision
• No early repayment fees

Cons

• Monthly compounding interest

Sources: https://www.iwoca.co.uk

4. Bizcap

Bizcap Bizcap offers flexible business funding, including merchant cash advances and unsecured loans. It focuses on quick access and streamlined approval processes for SMEs seeking working capital or growth capital. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £1,000,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: 3–36 months⌛

Services & Industries

• Finance Types: Unsecured Loans, Lines of Credit
• Industries: Real Estate, Healthcare

Pros

• High approval rates
• Quick funds access

Cons

• Higher rates for larger loans

Sources: https://www.bizcap.co.uk

5. Clifton Private Finance

Clifton Private Finance Clifton Private Finance provides bespoke finance solutions, including fixed and variable rate loans. It is suitable for businesses seeking tailored terms and flexible financing options, often secured and non-secured. Here's what to know:

Loan Details

• Min Amount: £50,000
• Max Amount: £5,000,000
• Min APR: 8%
• Max APR: 15%
• Loan Duration: 12–84 months⌛

Services & Industries

• Finance Types: Unsecured Loans, Bridging Finance
• Industries: Construction, Manufacturing

Pros

• Tailored finance solutions
• No early repayment fees

Cons

• Longer approval process

Sources: https://www.cliftonpf.co.uk

6. Barclays

Barclays Barclays offers a range of business loan options including secured and unsecured methods. It provides choices suitable for SMEs planning growth or managing cash flow, with flexible repayment terms. Here's what to know:

Loan Details

• Min Amount: £50,001
• Max Amount: £1,000,000
• Min APR: 11.2%
• Max APR: 14.9%
• Loan Duration: 12–60 months⌛

Services & Industries

• Finance Types: Secured Loans, Unsecured Loans
• Industries: Finance, Consulting

Pros

• Established lender
• Variety of loan options

Cons

• Strict eligibility criteria

Sources: https://www.barclays.co.uk/business-banking/borrow/loans/

7. Century Business Finance

Century Business Finance Century Business Finance offers straightforward business loans often used for working capital, expansion, or refinancing. It provides quick acceptance and flexible options for UK SMEs with reliable processes. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £250,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: 12–60 months⌛

Services & Industries

• Finance Types: Unsecured Loans
• Industries: Retail, Logistics

Pros

• Simple application
• Same-day approval

Cons

• Limited loan amounts

Sources: https://www.centurybusinessfinance.co.uk

8. Rebuildingsociety

Rebuildingsociety Rebuildingsociety facilitates community and peer-to-peer funding for small businesses. It connects borrowers with individual lenders for unsecured loans often used for cash flow, growth, or asset purchase. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £50,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: 6–36 months⌛

Services & Industries

• Finance Types: Peer-to-Peer Loans
• Industries: Social Enterprises, Startups

Pros

• Community-focused
• Flexible terms

Cons

• Lower maximum loan amount

Sources: https://www.rebuildingsociety.com/unsecured-business-loans/

9. Millbrook Business Finance

Millbrook Business Finance Millbrook provides tailored unsecured and secured business loans for commercial and development projects. It often funds expansion, equipment, or working capital for UK companies. Here's what to know:

Loan Details

• Min Amount: £15,000
• Max Amount: £350,000
• Min APR: 10%
• Max APR: 22.5%
• Loan Duration: 12–60 months⌛

Services & Industries

• Finance Types: Unsecured Loans, Secured Loans
• Industries: Manufacturing, Wholesale

Pros

• Customized finance packages
• Wide industry coverage

Cons

• Variable rates

Sources: https://www.millbrookbusinessfinance.com/finance-solutions/business-loans

10. Merchant Savvy

Merchant Savvy Merchant Savvy compares unsecured loans and other finance options for UK businesses. It offers a variety of loan products suitable for working capital, growth, or asset purchase. Here's what to know:

Loan Details

• Min Amount: £2,500
• Max Amount: £500,000
• Min APR: 5.9%
• Max APR: 20.5%
• Loan Duration: 3–36 months⌛

Services & Industries

• Finance Types: Loan Brokerage
• Industries: Retail, Hospitality

Pros

• Comprehensive comparisons
• User-friendly interface

Cons

• Dependent on partners

Sources: https://www.merchantsavvy.co.uk/business-finance/business-loans/unsecured-business-loans/

How to choose

Matching a lender to your needs involves considering your loan size, repayment capacity, and urgency. For unsecured loans around 150 thousand pounds, a straightforward bank or alternative lender can work well if you seek quick access with predictable terms. Evaluate your eligibility, compare fees, and review early repayment conditions to avoid surprises. Think about speed versus flexibility. Focus on lenders that suit your financial situation and intended usage.

Conclusion

Choosing the right lender depends on your purpose and security preferences. Larger, asset-backed loans may fit specialist lenders or banks. Smaller, unsecured, or fast financing needs may be best served by brokers or dedicated unsecured lenders. Each type offers different advantages. 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.