Best Lenders to Secure a 230k 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 rapidly compare business finance options through a streamlined application process. It is suitable for businesses seeking unsecured finance with no collateral and fast eligibility checks. The platform offers flexible terms and brokered access to multiple lenders, simplifying the loan search.
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 provides a wide variety of secured and unsecured business loans, catering mainly to established companies. It suits those needing flexible loan amounts and terms, including access to high-value lending. Barclays offers options supporting various industries, with considerations for collateral and repayment structures.
Loan Details
- Min Amount: £1,000
- Max Amount: £25,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Variable ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Agriculture, Healthcare, Professional services, Retail, Technology
Pros
- Large loan amounts
- Flexible terms
Cons
- APR varies
- Eligibility requirements
Lloyds Bank offers a range of secured and unsecured business loans aiming to support business growth over longer durations. It is suitable for companies seeking varied repayment terms and substantial loan amounts, often using collateral. The bank provides flexible financing tailored to multiple industry sectors.
Loan Details
- Min Amount: £1,000
- Max Amount: £250,000
- Min APR: 11.2%
- Max APR: 0%
- Loan Duration: 1–25 years ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Legal & professionals, Manufacturing, Retail, Real estate, Education
Pros
- Variety of loan terms
- Support for business growth
NatWest provides small business loans with a focus on straightforward processing and flexible repayment conditions. It is suited to businesses prioritising quick funding and clear loan structures, typically offering both secured and unsecured products. The lender emphasises ease of access and adaptable loan durations.
Loan Details
- Min Amount: £1,000
- Max Amount: £250,000
- Min APR: 10%
- Max APR: 15%
- Loan Duration: 1–7 years ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Legal services, Real estate, Business services
Pros
- Quick processing
- Flexible terms
Time Finance specialises in secured lending and various asset finance solutions designed to support business expansion. It suits companies that require flexible security options and tailored repayment plans. Funding is generally provided within a structured framework, focusing on established SMEs.
Loan Details
- Min Amount: £50,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 11.5%
- Loan Duration: Up to 5 years ⌛
Services & Industries
- Finance Types: Secured loans, Asset finance, Invoice finance
- Industries: Mainly SMEs
Pros
- Quick funding
- Diverse finance options
Cons
- Higher minimum loan amount
SWIG Finance is a social enterprise lender focused on providing business loans mainly in specific UK regions. It suits small businesses that value community-driven finance, often with secured and unsecured loan options. SWIG Finance considers social impact alongside lending criteria.
Loan Details
- Min Amount: £25,001
- Max Amount: £250,000
- Min APR: 12%
- Max APR: 0%
- Loan Duration: 1–5 years ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Various SMEs
Pros
- Social enterprise focus
- Supports small businesses
GoCompare Business Loans acts as a comparison platform helping businesses access various lenders' loan products. It is suitable for those seeking to evaluate a broad range of secured and unsecured loan options. The service provides decision support without directly lending funds.
Loan Details
- Min Amount: £500
- Max Amount: £15,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Variable ⌛
Services & Industries
- Finance Types: Comparison service
- Industries: Various
Pros
- Comprehensive comparisons
- Decision support
MoneySuperMarket provides a platform for businesses to compare secured loan offers from multiple lenders. It is suitable for companies looking for competitive interest rates and a range of repayment options. The service does not lend directly but facilitates informed decision-making.
Loan Details
- Min Amount: £50,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Variable ⌛
Services & Industries
- Finance Types: Secured loans
- Industries: Various
Pros
- Competitive rates
- Variety of lenders
Together Money specialises in secured lending using residential or commercial property as security. It suits businesses needing fast approvals and flexible security arrangements. The lender focuses on streamlined processes and competitive funding.
Loan Details
- Min Amount: £50,000
- Max Amount: £750,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Variable ⌛
Services & Industries
- Finance Types: Secured loans
- Industries: Various
Pros
- Flexible security options
- Fast approvals
Cons
- Specific security requirements
Merchants Savvy offers a comprehensive comparison of secured and unsecured business finance options. It is suitable for SMEs that want to evaluate a variety of funding solutions through a user-friendly platform. The service focuses on providing transparency and a wide range of lender options.
Loan Details
- Min Amount: £1,000
- Max Amount: £250,000
- Min APR: 6%
- Max APR: 0%
- Loan Duration: 1–72 months ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Various
Pros
- User-friendly comparison
- Wide range of options
How to choose
When choosing the best lender to secure a 230k secured business loan, consider your specific business needs, including loan amount, repayment flexibility, and eligibility criteria. Evaluate loan terms such as duration and APR alongside the required collateral or security. Take into account how quickly you need funding and whether you prefer dealing directly with lenders or through brokers and comparison services. Also, consider lender specialisms that match your industry or financial situation. Review all fees and early repayment options carefully to avoid unexpected costs.
Conclusion
Choosing between banks, brokers, and specialist lenders depends on your business requirements and loan purpose. Banks typically offer larger loans with structured terms, brokers provide access to multiple options, and specialists focus on niche needs such as social enterprise or asset-backed funding. Funding Agent is a valuable resource for SMEs seeking quick comparisons across several lenders. For a 200 thousand pounds loan, align your choice with factors like speed, flexibility, and security requirements. Always confirm current terms directly with lenders before proceeding.
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