January 23, 2026
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Best Lenders to secure a 230k Working Capital Loan

Best Lenders to secure a 230k Working Capital Loan

Discover the best lenders offering £230,000 working capital loans. Compare rates, terms, and find the perfect financing solution for your business needs.
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 230k Working Capital 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 focuses on providing a platform to compare various business finance options for UK SMEs. It is suitable for franchise buyers or operators seeking fast insight into different loan products with straightforward application processes. Borrowers benefit from quick eligibility matching and a range of repayment options with transparent terms.

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 specialises in bank business loans with flexible, secured and unsecured options. Its lending suits franchise and SME borrowers looking for customisable repayment terms backed by a major bank. Barclays offers access to competitive fixed or variable interest rates with a focus on long-term finance solutions and secure lending options.

Loan Details

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

Services & Industries

  • Finance Types: Secured Business Loans, Unsecured Business Loans
  • Industries: Financial Services, Startups, Small Businesses

Pros

  • No early repayment fees
  • Fixed or variable interest rates

Cons

  • Strict eligibility criteria

Sources: Source

3. NatWest

NatWest primarily provides SME loans with an emphasis on speed and accessibility for startups and growing businesses. It is suited to franchise buyers who need straightforward funding without collateral and flexible repayment terms. NatWest lends through bank lending platforms offering standard APR rates and loan durations.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 12-60 months

Services & Industries

  • Finance Types: SME Loans, Start-Up Loans
  • Industries: Small Businesses, Startups

Pros

  • Fast approval within 24 hours
  • Flexible terms

Cons

  • Limited to UK-based companies

Sources: Source

4. SWIG Finance

SWIG Finance offers unsecured business loans primarily in the South West of the UK with competitive rates. Its loans suit franchise operators and SMEs who prioritise flexible repayments over collateral. The lender focuses on accessible financial products with longer repayment periods catered towards local businesses.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £250,000
  • Min APR: 12%
  • Max APR: 15.75%
  • Loan Duration: 12-60 months

Services & Industries

  • Finance Types: Unsecured Loans, Start-Up Loans
  • Industries: Small Businesses, Startups

Pros

  • No tangible asset required as security
  • Long repayment terms

Cons

  • Less availability in areas outside South West

Sources: Source

5. BizCap

BizCap targets under-served sectors with quick approval business loans and flexible lending terms. It serves franchise clients needing adaptable credit solutions without strict collateral requirements. BizCap’s offerings focus on speed and accessibility for businesses seeking varied finance types within flexible repayment frameworks.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible terms

Services & Industries

  • Finance Types: Business Loans, Lines of Credit
  • Industries: Wholesale & Retail Trade, Various under-served sectors

Pros

  • Fast loan approval
  • Services under-served industries

Cons

  • Possibly higher rates for riskier sectors

Sources: Source

6. Tide

Tide provides large-scale business loans with a focus on simple applications and transparent pricing. It is suited for franchise buyers and SMEs requiring fast decisions on loans with competitive APRs. Tide’s products typically include a variety of loan options without extensive collateral, suitable for operational funding.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £20,000,000
  • Min APR: 7%
  • Max APR: 14%
  • Loan Duration: 6-60 months

Services & Industries

  • Finance Types: Working Capital Loans, Business Loans
  • Industries: SMEs across various sectors

Pros

  • Quick decisions
  • Transparent pricing

Cons

  • Higher APR for smaller loan amounts

Sources: Source

7. White Oak

White Oak specialises in asset-based and VAT loan financing with an emphasis on flexibility and larger funding amounts. Its solutions suit franchisees or SMEs requiring secured lending or invoice finance that supports diverse working capital needs. Borrowers can expect varied repayment structures and access to tailored loan products.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 3-48 months

Services & Industries

  • Finance Types: Asset Finance, Working Capital Loans
  • Industries: SMEs in multiple sectors

Pros

  • Diverse funding options
  • Large loan facilities

Cons

  • Higher interest for smaller loans

Sources: Source

8. Fleximize

Fleximize provides highly customised loans with a focus on flexibility and customer service. It is suited for franchised businesses seeking tailored finance solutions that can adapt to varied cash flow needs. Fleximize offers a mixture of secured and unsecured products with adaptable repayment plans.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 12-60 months

Services & Industries

  • Finance Types: Business Loans, Secured & Unsecured Loans
  • Industries: Retail, Services, Various sectors

Pros

  • Tailored loan products
  • High flexibility

Cons

  • Competitive APR rates

Sources: Source

9. iwoca

iwoca operates as a digital lender providing flexible credit solutions with fast decisions and short-term loans. It fits franchise buyers and SMEs that require quick access to cash for working capital or operational expenses. The lender focuses on unsecured finance with various repayment options tailored to cash flow.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 15%
  • Loan Duration: 1-12 months

Services & Industries

  • Finance Types: Unsecured Business Loans, Cash Flow Loans
  • Industries: Small Businesses, Various sectors

Pros

  • Quick access to cash
  • Flexible terms

Cons

  • Short loan durations

Sources: Source

10. HSBC

HSBC delivers extensive business lending solutions with a focus on established SMEs and franchise ventures. It is suited for borrowers seeking a broad range of loan and financing products from a global banking provider. HSBC offers various repayment options, often requiring eligibility checks and tailored financial products to match business growth goals.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible terms

Services & Industries

  • Finance Types: Business Loans, Equipment Financing
  • Industries: Various business sectors

Pros

  • Global banking services
  • Support from a leading bank

Cons

  • Stricter eligibility

Sources: Source

How to choose

When selecting the best lender to secure a 230k working capital loan, consider matching the loan amount and APR with your budget and business cash flow. Evaluate eligibility criteria carefully and decide between speed and loan flexibility. Look for lenders offering repayment terms that suit your franchise’s seasonality and payment capacity. Review any fees, early repayment options, and collateral requirements before applying. Choosing the right provider depends on your need for quick access to funds, loan security, and fit with your business sector and growth plans.

Conclusion

Choosing the right lender for a 200 thousand pounds loan depends on the purpose and security of your funding needs. Bank lenders often provide structured products suited to established businesses with strong credit profiles. Brokers or online platforms offer faster access and a range of options, ideal for borrowers seeking speed or less conventional loans. Specialist lenders focus on niche sectors or asset-backed finance. Funding Agent offers useful comparisons across many providers to help identify suitable lenders, but it is important to verify terms directly with lenders before committing.

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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 comprehensive business loans with flexible terms and rates tailored to suit your enterprise's needs ranging up to millions depending on the requirement.£1,000–£50,000; 11.2%–14.9% APR; 12-60 months
3NatWestNatWest provides a range of SME loans with quick access to funds up to £250,000, ideal for startups and expanding businesses.£1,000–£250,000; 0%–0% APR; 12-60 months
4SWIG FinanceSWIG Finance provides accessible business loans in the South West, offering competitive APR rates for SMEs.£25,001–£250,000; 12%–15.75% APR; 12-60 months
5BizCapBizCap offers fast approval business loans with flexible terms, catering to under-served industries in the financial market.£5,000–£1,000,000; 0%–0% APR; Flexible terms
6TideTide provides straightforward business loans up to £20 million, with competitive APR and a simple application process.£1,000–£20,000,000; 7%–14% APR; 6-60 months
7White OakWhite Oak specializes in SME financing, offering flexible solutions from VAT loans to large asset-based lending facilities.£25,000–£2,000,000; 0%–0% APR; 3-48 months
8FleximizeFleximize aids UK businesses with highly tailored loans focusing on flexibility and customer-centric service.£10,000–£500,000; 0%–0% APR; 12-60 months
9iwocaiwoca is a digital lender offering flexible credit solutions with quick decisions for UK SMEs, ideal for cash flow management.£1,000–£1,000,000; 6%–15% APR; 1-12 months
10HSBCHSBC offers robust lending solutions tailored to SMEs with an extensive range of finance offers to support business growth.£1,000–£250,000; 0%–0% APR; Flexible terms