January 23, 2026
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Best Lenders to Secure a 220k Secured Business Loan

Best Lenders to Secure a 220k Secured Business Loan

Discover the best lenders offering secured business loans up to £220,000. Compare rates, terms, and find the ideal lender to grow your business confidently.
Jesse Spence
Finance content writer / Market researcher

4 years of experience in market research. He focuses on turning lender criteria and market insights into practical, plain-English resources that help business ownersb improve approval chances and choose the right type of finance

Best Lenders to Secure a 220k 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.

1. Funding Agent

Funding Agent primarily focuses on helping UK SMEs compare multiple business finance products quickly through a streamlined application process. It is suitable for those seeking unsecured funding with clear terms and fast eligibility feedback. The platform provides flexible options with no collateral required and supports a range of repayment types.

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. Barclays

Barclays is a traditional bank offering both secured and unsecured business loans with a range of loan structures. It suits businesses looking for reliable, established lender options for secured borrowing and standard bank lending. Their offerings feature various repayment plans and collateral requirements depending on loan type and size.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £50,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 12–60 months

Services & Industries

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

Pros

  • Wide range of loan types
  • Reputable bank

Cons

  • Potentially high APRs

Sources: Source

3. SWIG Finance

SWIG Finance targets start-ups and growing businesses, offering unsecured business loans predominantly in the South West and UK-wide. Their services are suitable for businesses needing medium-term finance without tangible asset security. Loan options provide moderate flexibility with standard repayment structures.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £250,000
  • Min APR: 12%
  • Max APR: 0%
  • Loan Duration: 12–60 months

Services & Industries

  • Finance Types: Unsecured Loans
  • Industries: Start-ups

Pros

  • No tangible assets required
  • Medium-term solutions

Cons

  • Higher interest rates

Sources: Source

4. Lloyds Bank

Lloyds Bank provides a broad suite of business loans including secured and unsecured options for small to large enterprises. It is suited to businesses requiring flexible borrowing limits and customised repayment plans. Loan structures may vary substantially depending on business needs and collateral offered.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable

Services & Industries

  • Finance Types: Secured Loans, Unsecured Loans
  • Industries: Small Businesses, Large Enterprises

Pros

  • Flexible borrowing limits
  • Custom repayment plans

Cons

  • Detailed application process

Sources: Source

5. NatWest

NatWest focuses on business loans designed to support growth and expansion with competitive rates. It is appropriate for SMEs that require flexible loan terms and competitive pricing. Their loan products offer clarity on repayment terms and accommodate varying credit profiles.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 10%
  • Max APR: 15%
  • Loan Duration: 12–84 months

Services & Industries

  • Finance Types: Small Business Loans
  • Industries: Small and Medium Enterprises (SMEs)

Pros

  • Competitive rates for SMEs
  • Variety of loan terms available

Cons

  • Rate dependent on business assessment

Sources: Source

6. MAF Finance Group

MAF Finance Group arranges tailored financial solutions suitable for a wide range of businesses including start-ups and established firms. Their offerings include both secured and unsecured loans with flexible terms. The group supports diverse industries and adapts lending to meet specific business requirements.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 3–72 months

Services & Industries

  • Finance Types: Secured Loans, Unsecured Loans
  • Industries: Various, Including professional services

Pros

  • Tailored solutions
  • Wide range of funding options

Cons

  • Specific lender conditions may apply

Sources: Source

7. Time Finance

Time Finance provides commercial finance solutions with an emphasis on asset and invoice finance to support business growth. It is suitable for small businesses and start-ups requiring accessible financing options. The lender offers flexible finance products with some government-backed schemes available.

Loan Details

  • Min Amount: £500
  • Max Amount: £25,000
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: 12–60 months

Services & Industries

  • Finance Types: Asset Finance, Invoice Finance
  • Industries: Small Businesses, Start-ups

Pros

  • Government-backed programs
  • Flexible finance options

Cons

  • Limited loan amounts for start-ups

Sources: Source

8. Together Money

Together Money specialises in secured lending and bridging finance designed for property development and commercial needs. Their products suit businesses requiring higher loan amounts and specialised lending criteria. The lender focuses on secured loans with structured repayment options aligned to asset-backed finance.

Loan Details

  • Min Amount: £20,000
  • Max Amount: £2,000,000
  • Min APR: 7.1%
  • Max APR: 0%
  • Loan Duration: 12–120 months

Services & Industries

  • Finance Types: Secured Loans, Bridging Loans
  • Industries: Property Development, Commercial

Pros

  • Specialised lending
  • High loan amounts

Cons

  • Strict lending criteria

Sources: Source

9. Portman Finance Group

Portman Finance Group offers flexible business finance solutions including asset and equipment finance tailored to SME needs. It is suitable for businesses wanting quick access to funds without personal guarantees where eligible. Their lending includes competitive rates and adaptable loan terms to support diverse business sectors.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 6.9%
  • Max APR: 0%
  • Loan Duration: 3–72 months

Services & Industries

  • Finance Types: Asset Finance, Equipment Finance
  • Industries: Various

Pros

  • Quick access to funds
  • No personal guarantees for eligible businesses

Cons

  • APR can vary widely

Sources: Source

10. Merchant Savvy

Merchant Savvy is an independent broker providing access to various unsecured business loans with quick application processing. It caters to small businesses seeking straightforward funding options with competitive fixed rates. Their service focuses on making financial product comparisons simple and accessible.

Loan Details

  • Min Amount: £500
  • Max Amount: £25,000
  • Min APR: 6%
  • Max APR: 9.6%
  • Loan Duration: 12–60 months

Services & Industries

  • Finance Types: Business Loans, Unsecured
  • Industries: Small Businesses

Pros

  • Competitive fixed rates
  • No application fees

Cons

  • Limited to smaller loan amounts

Sources: Source

How to choose

When selecting the best lender for a 220k secured business loan, start by assessing your business size and security availability. Consider loan terms that align with your cash flow, and check eligibility criteria for secured lending or bridging finance. Evaluate any fees, collateral requirements, and repayment flexibility. Speed versus lender reliability is an important balance. A broker may provide wider options, while banks often offer more structured products. Always verify current terms before applying.

Conclusion

Choosing the right lender depends on your financing needs and business profile. Traditional banks suit those seeking structured loans with clear security terms. Brokers like Funding Agent offer quick comparisons and access to multiple lenders. Specialist lenders focus on asset-backed or bridging finance for specific cases. For a 200 thousand pounds loan, consider product fit carefully including speed, flexibility, and collateral requirements.

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FAQs

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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
2BarclaysBarclays offers a variety of business loans, with options for both secured and unsecured borrowing.£1,000–£50,000; 0%–0% APR; 12–60 months
3SWIG FinanceSWIG Finance provides business loans to start-ups and growing businesses in the South West and across the UK.£25,001–£250,000; 12%–0% APR; 12–60 months
4Lloyds BankLloyds Bank offers a comprehensive range of business loans, including options for both small and large enterprises.£50,000–£0; 0%–0% APR; Variable
5NatWestNatWest provides business loans tailored for business growth and expansion, offering competitive rates for SMEs.£1,000–£100,000; 10%–15% APR; 12–84 months
6MAF Finance GroupMAF Finance Group specializes in arranging tailored financial solutions for businesses, from start-ups to established enterprises.£10,000–£2,000,000; 0%–0% APR; 3–72 months
7Time FinanceTime Finance offers a range of commercial finance solutions to support business growth across the UK.£500–£25,000; 6%–0% APR; 12–60 months
8Together MoneyTogether Money specialises in providing secured loans and bridging finance, helping businesses of all sizes with their funding needs.£20,000–£2,000,000; 7.1%–0% APR; 12–120 months
9Portman Finance GroupPortman Finance Group offers flexible business finance solutions with competitive rates tailored to UK SMEs.£10,000–£2,000,000; 6.9%–0% APR; 3–72 months
10Merchant SavvyMerchant Savvy is an independent business finance broker providing quick and easy access to a range of financial products.£500–£25,000; 6%–9.6% APR; 12–60 months