April 14, 2026
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Best Lenders to Secure a 310k Secured Business Loan

Discover the best lenders offering secured business loans up to £310,000. Compare rates, terms, and find the right loan to grow your business with confidence.
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Best Lenders to Secure a 310k Secured Business Loan
Abdus-Samad Charles
Finance Writer

Abdus-Samad Charles is a finance writer and the Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses. He specialises in turning complex funding topics, like eligibility criteria, documentation requirements, approval timelines, and lender expectations, into clear, research-led resources that are easy to find and help business owners make confident, informed decisions.

Best Lenders to Secure a 310k 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 offers a platform for UK SMEs to compare a range of business finance options. It is typically suited for businesses seeking straightforward unsecured loans with clear terms. The service emphasises ease of application, quick eligibility checks, and access to multiple providers without requiring collateral.

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 a broad range of financial services including secured business loans for UK SMEs. It is suitable for franchise buyers and businesses needing larger loan amounts, often secured on assets or property. Barclays products are known for flexibility in terms and structured repayment options, catering to diverse sectors.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000,000
  • Min APR: 6%
  • Max APR: 19.9%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Secured Loans, Growth Guarantee Scheme
  • Industries: E-commerce, Construction, Healthcare

Pros

  • Flexible terms
  • Large loan amounts available

Cons

  • Higher APR for lower amounts

Sources: Source

3. NatWest

NatWest provides a spectrum of business loans tailored to small and large UK enterprises. It is commonly suited to borrowers seeking standard term loans and overdrafts with competitive repayment options. NatWest focuses on diverse loan availability, often secured or unsecured, matched to business growth or operational funding needs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £10,000,000
  • Min APR: 5.9%
  • Max APR: 17.5%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Term Loans, Overdrafts
  • Industries: Technology, Manufacturing, Agriculture

Pros

  • No early repayment fees
  • Variety of loan options

Cons

  • Complex eligibility criteria

Sources: Source

4. Funding Circle

Funding Circle is a peer-to-peer lender focused on offering competitive and flexible loans to UK small businesses. It is appropriate for businesses seeking unsecured or lightly secured finance with quick approval and transparent fees. Funding Circle provides an alternative to traditional banks with an emphasis on flexibility and accessibility.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 23%
  • Loan Duration: 6 months to 5 years ⌛

Services & Industries

  • Finance Types: Peer-to-Peer Loans
  • Industries: Hospitality, Retail, Logistics

Pros

  • Quick approval process
  • No setup fees

Cons

  • Higher interest rates compared to banks

Sources: Source

5. iwoca

iwoca provides flexible short to medium-term loans to UK SMEs, geared primarily toward working capital needs. It suits businesses preferring quick access to finance with straightforward terms. iwoca offers mainly unsecured loans with flexible repayment and generally fast application processes.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 14.9%
  • Max APR: 29.9%
  • Loan Duration: 1 to 36 months ⌛

Services & Industries

  • Finance Types: Short-term Loans
  • Industries: Retail, Food & Beverage, Professional Services

Pros

  • Flexible terms
  • Quick application process

Cons

  • Higher APR for unsecured loans

Sources: Source

6. Metro Bank

Metro Bank delivers business loans to UK SMEs with a focus on flexible terms and customer service. It is generally suitable for borrowers seeking secured and unsecured finance with personalised support. Loan products cover a range of industries, and repayment options are designed to align with business needs over varying durations.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £5,000,000
  • Min APR: 5.5%
  • Max APR: 18.9%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Term Loans, Business Overdrafts
  • Industries: Retail, Construction, Technology

Pros

  • Rapid fund release
  • Personalised service

Cons

  • Limited branches

Sources: Source

7. Lloyds Bank

Lloyds Bank offers a comprehensive range of secured and unsecured business loans to companies of all sizes. It fits borrowers looking for flexible financing with competitive rates and varied repayment options. The bank services multiple sectors, emphasising growth capital and operational funding.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £3,000,000
  • Min APR: 4.9%
  • Max APR: 16.5%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Secured Loans, Unsecured Loans
  • Industries: Agriculture, Hospitality, Manufacturing

Pros

  • Competitive rates for large loans
  • Varied loan products

Cons

  • Extensive documentation required

Sources: Source

8. Close Brothers

Close Brothers provides specialist secured lending primarily for SMEs with asset-backed finance needs. It is suited to businesses requiring tailored capital for growth via secured loans or asset finance. The lender typically offers flexible repayment schedules linked to the security provided.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 6.5%
  • Max APR: 20%
  • Loan Duration: 1 to 20 years ⌛

Services & Industries

  • Finance Types: Asset Finance, Secured Loans
  • Industries: Transport, Manufacturing, Healthcare

Pros

  • Specialist in asset finance
  • Flexible repayment plans

Cons

  • Limited to collateral-based loans

Sources: Source

9. Together Money

Together Money provides secured lending solutions focused on business mortgages and bridging finance for UK SMEs. It is designed for borrowers needing property-secured funding with flexible loan terms. Together Money caters to various industries, offering specialist products for property purchase, refinance and commercial developments.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £5,000,000
  • Min APR: 8.5%
  • Max APR: 24%
  • Loan Duration: 1 to 30 years ⌛

Services & Industries

  • Finance Types: Secured Loans, Commercial Mortgages
  • Industries: Commercial Real Estate, Healthcare, Property Development

Pros

  • Wide range of secured finance options
  • Flexible loan terms

Cons

  • Longer approval process

Sources: Source

10. Time Finance

Time Finance specialises in secured loans and invoice finance designed for UK businesses seeking flexible funding. It is appropriate for enterprises requiring secured financing with adaptable loan terms. The lender focuses on sectors like manufacturing and professional services, offering tailored repayment structures.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 7.9%
  • Max APR: 22.9%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Secured Loans, Invoice Finance
  • Industries: Manufacturing, Professional Services, Leisure

Pros

  • Flexible loan processing
  • Diverse finance products

Cons

  • Requires extensive financial history

Sources: Source

How to choose

When choosing the best lender to secure a 310k secured business loan, consider the type of loan that matches your business needs and security preferences. Evaluate the balance between APR, loan duration, and repayment flexibility to fit your cash flow cycle. Eligibility criteria and application speed can also vary, so check if quick decisions or brokered access are priorities. Confirm if the lender offers secured or unsecured options and understand the collateral requirements. Comparing fees and early repayment conditions can help avoid unexpected costs. Always review lender reputations and services tailored to your sector.

Conclusion

The choice of lender for a 310 thousand pounds loan depends on your specific business use case and risk profile. Banks typically suit borrowers seeking structured financing with formal underwriting and a variety of products. Brokers like Funding Agent Funding Agent offer streamlined access to multiple sources and faster comparison. Specialist lenders are tailored to niche sectors or asset-based finance needs but may have stricter conditions. Assess the trade-offs between speed, flexibility, and security to find the best fit.

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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 wide array of financial services, including business loans tailored for small to medium enterprises in the UK.£1,000–£25,000,000; 6%–19.9% APR; 1 to 25 years
3NatWestNatWest is a major UK bank offering a variety of business loan products designed to assist small and large enterprises in funding their growth and operational needs efficiently.£1,000–£10,000,000; 5.9%–17.5% APR; 1 to 25 years
4Funding CircleFunding Circle is a prominent peer-to-peer business loans provider, specializing in fast, flexible, and competitive financial solutions for small businesses throughout the UK.£10,000–£750,000; 6.9%–23% APR; 6 months to 5 years
5iwocaIwoca is an innovative lender providing flexible business loans to SMEs in the UK.£1,000–£1,000,000; 14.9%–29.9% APR; 1 to 36 months
6Metro BankMetro Bank offers competitive business loan options aimed at supporting SMEs across the UK, delivering flexible loan terms and customer-focused service.£5,000–£5,000,000; 5.5%–18.9% APR; 1 to 25 years
7Lloyds BankLloyds Bank provides a diverse set of financial products, including comprehensive business loan packages suited for companies of all sizes seeking to fuel their growth strategies.£1,000–£3,000,000; 4.9%–16.5% APR; 1 to 25 years
8Close BrothersClose Brothers provides specialist lending and deposit-taking services geared towards helping small and medium-sized enterprises access important capital for growth and operations.£5,000–£2,000,000; 6.5%–20% APR; 1 to 20 years
9Together MoneyTogether Money specializes in secured loans, offering business finance solutions that include business mortgages, bridging loans, and tailored funding for various industries in the UK.£25,000–£5,000,000; 8.5%–24% APR; 1 to 30 years
10Time FinanceTime Finance offers comprehensive financial solutions, providing secured business loans with flexible terms designed to meet the evolving needs of UK enterprises.£50,000–£500,000; 7.9%–22.9% APR; 1 to 5 years
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