Best Lenders to Secure a 200k 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 helping UK SMEs quickly compare a range of unsecured business finance options through a streamlined application process. It is suitable for franchise buyers and operators seeking fast eligibility matching without collateral. The service offers flexible repayment terms and clear financing choices tailored to SME needs.
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
Barclays offers secured and unsecured loans tailored for UK businesses, including options focused on property-backed finance. It caters well to franchise owners requiring straightforward business loans with competitive rates and quick approval speeds. Barclays loans typically include fixed rate options and vary by loan length and security.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 48 hours after approval ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Retail, Hospitality
Pros
- Fast approval process
- Reputable financial institution
Cons
- Limited to existing account holders
SWIG Finance specialises in loans suited to SMEs in Southern and Western UK regions, providing both secured and unsecured options. It serves business owners needing flexible lending tailored to various industries and stages of growth. SWIG offers repayment structures designed to accommodate differing cash flow needs and security preferences.
Loan Details
- Min Amount: £25,001
- Max Amount: £250,000
- Min APR: 6%
- Max APR: 12%
- Loan Duration: 12-60 months ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans, SME Loans
- Industries: Various
Pros
- Flexible repayment terms
- No tangible assets required as security
Cons
- High interest rates for lower credit scores
Lloyds Bank provides business loans aimed at steady growth, offering secured and unsecured options with clear fee structures. It fits SMEs including franchisees seeking predictable repayment and flexible terms. Lloyds' loans often cover various industries, combining fixed rates and adaptable durations.
Loan Details
- Min Amount: £1,000
- Max Amount: £50,000
- Min APR: 11.2%
- Max APR: 11.2%
- Loan Duration: Varied based on the agreement ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Manufacturing, Technology
Cons
- Higher minimum loan amount
NatWest delivers secured and unsecured business loans with adaptable interest rates and repayment options. It is suited to franchise buyers and SMEs needing tailored finance solutions. NatWest supports a broad industry range with flexible loan duration based on agreement terms.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Varied based on the agreement ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Customizable interest rates
- Flexible repayment
Cons
- Rate depends on credit profile
Aurora Capital provides quick, flexible business loans with an emphasis on fast approvals and varied financing options. Ideal for franchisees and SMEs requiring scalable funding solutions, their offerings include secured and unsecured loans with adaptable term lengths. Aurora supports diverse industries with repayment terms reflecting borrower needs.
Loan Details
- Min Amount: £10,000
- Max Amount: £2,000,000
- Min APR: 6.9%
- Max APR: 8.9%
- Loan Duration: 1-15 years ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Quick approval
- Flexible loan terms
Cons
- Higher interest rate for unsecured loans
Rangewell operates as a broker, arranging finance from a large panel of lenders to meet UK business needs. Suitable for franchises and SMEs requiring tailored funding, it offers access to secured and unsecured loans. The platform supports diverse industries with varied loan options, terms, and repayment structures.
Loan Details
- Min Amount: £25,000
- Max Amount: £500,000
- Min APR: 6%
- Max APR: 20%
- Loan Duration: 3-60 months ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Wide array of lender options
- Tailored financial solutions
Cons
- Complex application process
Fleximize provides flexible business loans with rapid decision-making, focusing on personalised client service. It suits franchises and SMEs seeking adaptable loan amounts and repayment schedules. Fleximize offers secured and unsecured options across a variety of industries.
Loan Details
- Min Amount: £10,000
- Max Amount: £500,000
- Min APR: 10.8%
- Max APR: 20%
- Loan Duration: 3-60 months ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Flexible repayment plans
- Loyalty discounts
Cons
- Higher APR for less frequent borrowers
Century Business Finance specialises in unsecured and secured business loans accessible without collateral for certain options. It targets SMEs and franchisees seeking straightforward, fast funding with clear repayment terms. The lender serves various industries with a focus on simplicity and speed.
Loan Details
- Min Amount: £10,000
- Max Amount: £250,000
- Min APR: 6.9%
- Max APR: 29.9%
- Loan Duration: 6-60 months ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Fast approval
- Simple process
Funding Circle is an established platform offering secured and unsecured loans with a focus on ease of application and fast access to funds. Suitable for franchise businesses and SMEs seeking flexible repayment options. Funding Circle covers various industries with loan terms tailored to borrower profiles.
Loan Details
- Min Amount: £10,000
- Max Amount: £750,000
- Min APR: 6.9%
- Max APR: 15%
- Loan Duration: 6-72 months ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Fast online application
- Low starting APR
Cons
- Variable interest based on creditworthiness
How to choose
When selecting the best lender for securing a 200 thousand pounds loan, consider your specific needs such as loan size, security requirements, and repayment flexibility. Assess whether you prefer a direct bank lender, a specialist financier, or a broker offering access to multiple lenders. Speed of approval can be crucial, but also factor in collateral demands and overall loan terms. Check eligibility criteria carefully and review potential fees including early repayment charges. Balance your cash flow projections with the loan repayment schedule to ensure affordability. Always verify current offers before committing.
Conclusion
Choosing the right type of lender depends on your business objectives and loan requirements. Banks often suit those who need straightforward secured or unsecured loans with established terms. Brokers offer wider access to multiple sources, providing tailored solutions for more complex needs. Specialists may better serve borrowers with unique industry or asset requirements. Funding Agent remains a useful resource for quick comparisons when seeking a 200 thousand pounds loan. Always review terms carefully and confirm all details directly with providers before application.
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