April 14, 2026
Lists

Best Lenders to Secure a 290k Secured Business Loan

Discover the best lenders offering secured business loans up to £290,000. Learn how to secure funding with favourable terms to grow your business confidently.
Square image with a black border and white background
Best Lenders to Secure a 290k Secured Business Loan
Jesse Spence
Finance content writer / Market researcher

Jesse Spence is a Funding Research and Content Lead at Funding Agent with 4 years of experience in market research. He focuses on turning lender criteria and market insights into practical, plain-English resources that help business owners, not only, improve approval chances and choose the right type of finance but also find the right funding providers for their needs.

Best Lenders to Secure a 290k 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 2026-04-07.

1. Funding Agent

Funding Agent focuses on delivering fast comparisons of business finance options across multiple providers. It is suitable for UK SMEs looking for clear loan options without collateral and efficient eligibility checks. The platform offers flexible terms with quick application processing and transparent fee structures.

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. Nucleus Commercial Finance

Nucleus Commercial Finance offers flexible funding primarily through secured and unsecured business loans. It is generally suited for SMEs across sectors needing adaptable terms and funding sizes. Lenders provide some flexibility on collateral requirements and repayment structures to fit various business needs.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Secured Business Loans, Unsecured Business Loans
  • Industries: SMEs

Pros

  • Wide range of loan amounts
  • Quick decision

Cons

  • May require collateral for larger loans

Sources: Source

3. iwoca

iwoca specialises in quick and flexible unsecured loans for UK small businesses. It suits enterprises needing short-term finance with simple application and fast approval. Loans offer straightforward terms without upfront fees and generally no collateral requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 24 months ⌛

Services & Industries

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

Pros

  • No early repayment fee
  • Fast approval

Cons

  • Short maximum repayment term

Sources: Source

4. Barclays

Barclays provides secured and unsecured business loans with competitive pricing through traditional banking channels. It is suitable for various business types seeking stable lending with potential requirements for collateral. Their loan offerings accommodate different repayment options and durations.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

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

Pros

  • Reputable bank
  • Competitive terms

Cons

  • May have stricter eligibility requirements

Sources: Source

5. Lloyds Bank

Lloyds Bank offers tailored secured and unsecured business loans aimed at supporting growth and development. It’s suitable for businesses needing longer-term funding options with flexible terms. The bank considers individual circumstances and offers various repayment schedules.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 25 years ⌛

Services & Industries

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

Pros

  • Flexible loan terms
  • Trusted bank

Cons

  • Application process may be lengthy

Sources: Source

6. NatWest

NatWest offers fixed and variable rate loans tailored to medium and large UK businesses. It suits borrowers who require high-value financing with flexible repayment options and lending limits. Loan terms can adapt based on financial strength and lending criteria.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 10 million limit with no specified end term ⌛

Services & Industries

  • Finance Types: Fixed Rate Business Loans, Variable Rate Business Loans
  • Industries: Medium to Large Enterprises

Pros

  • No early repayment fees
  • Large loan amounts available

Cons

  • May require strong financials

Sources: Source

7. Funding Circle

Funding Circle specialises in simple, affordable loans primarily for small UK businesses. It is suited for borrowers looking for accessible financing with variable repayment terms and reasonable approval times. The platform offers competitive rates without complex collateral requirements.

Loan Details

  • Min Amount: £0
  • Max Amount: £750,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Small Business Loans
  • Industries: Small Enterprises

Pros

  • Quick decision process
  • Affordable rates

Cons

  • Limit on maximum amount

Sources: Source

8. Time Finance

Time Finance focuses on secured business loans tailored for mid-sized UK businesses. It is suited for borrowers seeking structured, loan agreements with defined terms and capital access. The lending approach typically involves collateral with clear repayment period options.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 5 years ⌛

Services & Industries

  • Finance Types: Secured Business Loans
  • Industries: Mid-sized Businesses

Pros

  • Designed for UK businesses
  • Structured loans

Cons

  • Higher minimum loan amount

Sources: Source

9. White Oak UK

White Oak UK delivers versatile financial solutions including business and invoice finance for small to medium enterprises. It suits businesses that need quick access to funds with flexible loan arrangements. Funding can be arranged rapidly with options designed to support business cash flow.

Loan Details

  • Min Amount: £20,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 48 hours funding time possible ⌛

Services & Industries

  • Finance Types: Business Loans, Invoice Finance
  • Industries: Small to Medium Enterprises

Pros

  • Fast access to funds
  • Support for SMEs

Cons

  • May have complex application

Sources: Source

10. Close Brothers Business Finance

Close Brothers Business Finance specialises in asset and invoice finance with innovative lending solutions. It suits businesses that prefer specialised finance beyond traditional loans and may require structured repayment approaches. Their offerings emphasise flexibility and experience in diverse industry sectors.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: Flexible ⌛

Services & Industries

  • Finance Types: Asset Finance, Invoice Finance
  • Industries: Diverse

Pros

  • Flexible and innovative solutions
  • Experienced lender

Cons

  • Limited traditional loan information

Sources: Source

How to choose

When selecting the best lender to secure a 290k secured business loan, consider your specific business needs and financial profile. Compare loan amounts, APRs, and terms to fit your budget and repayment capacity. Evaluate how quickly funds can be accessed and whether the lender accepts collateral appropriate for your business. Also, consider eligibility requirements and any fees or early repayment penalties. Balancing speed against flexibility and understanding lender terms will help ensure the loan supports your franchise cash flow effectively.

Conclusion

Choosing the right lender depends on the purpose and scale of your funding needs. Bank providers typically offer stable loans with structured terms for established businesses. Brokers or specialist lenders may provide more flexible options or faster access for unique situations or asset-backed lending. Funding Agent is a practical option for SMEs needing quick comparison and straightforward application processes. Assess each provider’s loan features against your priorities to secure a 200 thousand pounds loan that aligns well with your business goals.

Table of Contents
Example H2
Example H3

Let’s launch your project?

arrow button

Find the right lender for you!

Generate offers
Cta image

FAQs

What is a secured business loan?
Who are the best lenders for a £290k secured business loan?
What assets can be used as security for a business loan?
How long does it take to get approved for a £290k secured business loan?
What are the interest rates for secured business loans of this size?
Can start-ups apply for a £290k secured business loan?

Get Funding For
Your Business

Generate offers
Cta image
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
2Nucleus Commercial FinanceNucleus Commercial Finance offers flexible funding solutions to UK businesses with loan amounts ranging from £3k to £2m, covering a variety of sectors and business needs.£3,000–£2,000,000; 0%–0% APR; Flexible
3iwocaiwoca provides quick, flexible loans to UK small businesses, with amounts from £1,000 to £1,000,000 and terms of 1 to 24 months.£1,000–£1,000,000; 0%–0% APR; 1 to 24 months
4BarclaysBarclays offers a variety of business lending solutions with unsecured and secured loans available up to £100,000 with competitive terms.£1,000–£100,000; 0%–0% APR; Variable
5Lloyds BankLloyds Bank provides business loans ranging from £1,000 with options for larger secured borrowing, delivering tailored finance solutions for growth and development.£1,000–£1,000,000; 0%–0% APR; Up to 25 years
6NatWestNatWest offers both fixed and variable rate business loans for UK businesses, lending from £25k up to £10m tailored to individual business needs.£25,001–£10,000,000; 0%–0% APR; Up to 10 million limit with no specified end term
7Funding CircleFunding Circle provides simple, affordable business loans to small UK businesses with borrowing options up to £750,000.£0–£750,000; 0%–0% APR; Variable
8Time FinanceTime Finance offers tailored financial solutions with secured business loans from £50k to £500k, designed to meet the capital needs of UK businesses.£50,000–£500,000; 0%–0% APR; Up to 5 years
9White Oak UKWhite Oak UK specializes in delivering versatile financial solutions with business loans ranging from £20,000 to £2 million, supporting SMEs throughout the UK.£20,000–£2,000,000; 0%–0% APR; 48 hours funding time possible
10Close Brothers Business FinanceClose Brothers provides robust business lending solutions including asset and invoice finance to help UK businesses achieve their financial goals.£0–£0; 6%–0% APR; Flexible
Apply now