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

Discover the best lenders in the UK to secure a £310,000 unsecured business loan. Compare rates, terms, and get expert tips for a successful application.
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Best Lenders to Secure a 310k Unsecured Business Loan
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

Best Lenders to Secure a 310k Unsecured 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 brokering unsecured business loans for UK SMEs through a streamlined comparison platform. It suits franchise buyers and operators seeking quick access to multiple finance options with predictable terms. The service emphasises speed and simplicity without requiring collateral or complex processes.

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 Bank

Barclays Bank provides a broad range of secured and unsecured business loans for UK SMEs. It is typically suitable for borrowers requiring flexible loan structures with competitive rates and longer repayment terms. The bank offers established services with standard eligibility requirements and may require collateral depending on the loan type.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 4.9%
  • Max APR: 13.5%
  • Loan Duration: 6 to 120 months ⌛

Services & Industries

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

Pros

  • Established bank
  • Wide range of loan products

Cons

  • Strict eligibility criteria

Sources: Source

3. HSBC UK

HSBC UK concentrates on commercial business loans tailored for SMEs with varied finance needs. It is suited for businesses seeking flexible unsecured lending with options designed for growth and working capital. HSBC offers diverse repayment plans but may have higher rates for smaller loans.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.3%
  • Max APR: 0%
  • Loan Duration: 12 to 120 months ⌛

Services & Industries

  • Finance Types: Commercial Loans, Unsecured Loans
  • Industries: Various

Pros

  • Global presence
  • Diverse financial products

Cons

  • Higher APR for smaller loans

Sources: Source

4. Lloyds Bank

Lloyds Bank delivers unsecured and secured loans with extended repayment terms for UK SMEs. It is appropriate for businesses needing cash flow support or funding to invest in growth. Lloyds provides flexible loan amounts with eligibility dependent on business plans and credit assessment.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 5%
  • Max APR: 14.9%
  • Loan Duration: 12 to 300 months ⌛

Services & Industries

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

Pros

  • Long repayment terms
  • Flexible loan amounts

Cons

  • Requires business plan

Sources: Source

5. Santander UK

Santander UK specialises in flexible unsecured business loans with bespoke financing options for SMEs. It suits businesses seeking tailored support for growth with manageable repayments. The lender typically offers customer service support and a variety of loan sizes to accommodate different needs.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £500,000
  • Min APR: 5.5%
  • Max APR: 0%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Business Loans, Overdrafts
  • Industries: Various

Pros

  • Flexible loan sizes
  • Customer support

Cons

  • Higher starting loan amount

Sources: Source

6. NatWest

NatWest offers fixed and variable rate business loans suited for a diverse range of UK business needs. It typically serves borrowers seeking flexibility in repayment and loan conditions, including larger loan amounts. Customers can benefit from no early repayment fees but should consider eligibility focused on established enterprises.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 3.9%
  • Max APR: 11.9%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Fixed Rate Loans, Variable Rate Loans
  • Industries: Various

Pros

  • No early repayment fees
  • Large loan amounts

Cons

  • Popular amongst large enterprises

Sources: Source

7. Funding Circle

Funding Circle specialises in peer-to-peer business loans, focusing on efficient lending for UK SMEs. It suits borrowers needing quick funding decisions and growth capital without traditional bank restrictions. The platform offers varied loan terms and competitive rates with a standard eligibility process.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £750,000
  • Min APR: 6%
  • Max APR: 13.9%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: Various

Pros

  • Fast funding decisions
  • Flexible terms

Cons

  • Strict eligibility requirements

Sources: Source

8. Fleximize

Fleximize provides tailored loans and financial products aimed at growing SMEs requiring quick and flexible funding. It is suitable for those who prioritise simple application processes and adaptable terms. While offering unsecured and secured loans, some larger loans may require collateral.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 3 to 60 months ⌛

Services & Industries

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

Pros

  • Quick decisions
  • Flexible terms

Cons

  • May require collateral for larger loans

Sources: Source

9. iwoca

iwoca focuses on flexible, unsecured loans for SMEs with an emphasis on fast access to finance. Its products suit businesses needing quick decisions and limited documentation. Rates and terms may vary with loan duration, and eligibility is geared towards small to medium enterprises.

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 Loans
  • Industries: Various

Pros

  • No early repayment fees
  • Fast approval process

Cons

  • Higher rates for longer terms

Sources: Source

10. Metro Bank

Metro Bank offers a broad selection of business borrowing options including long-term loans. It is ideal for SMEs looking for tailored finance solutions that support growth and investment. Metro Bank provides flexible repayment plans but may require security for larger amounts.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 5.5%
  • Max APR: 12%
  • Loan Duration: 12 to 300 months ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: Various

Pros

  • Tailored loan options
  • No early repayment penalties

Cons

  • May require security for higher amounts

Sources: Source

How to choose

When selecting the best lender for a 310k unsecured business loan, consider your business size, credit profile, and purpose of the loan. Evaluate the loan amount you need, the APR band that fits your budget, and the loan duration that matches your repayment capabilities. Check whether collateral is required and the flexibility of repayment options. Assess the lender's criteria and typical speed of approval to align with your timeframes. Transparency on fees and early repayment policies is crucial. Finally, ensure the lender’s terms suit your franchise cash flow and operational cycle.

Conclusion

Choosing the right lender depends on your specific business needs and loan purpose. Banks generally serve well for established companies requiring larger or secured loans. Brokers and specialist lenders like Funding Agent can provide quicker access and flexible unsecured options suited for SMEs. Assess the trade-off between speed, flexibility, and collateral requirements. Confirm all costs and terms before committing to a 310 thousand pounds loan.

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FAQs

What is an unsecured business loan?
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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
2Barclays BankBarclays Bank offers a variety of business loan solutions tailored to SMEs in the UK, providing both secured and unsecured loans with competitive rates.£1,000–£1,000,000; 4.9%–13.5% APR; 6 to 120 months
3HSBC UKHSBC UK provides commercial business loans and finance options for SMEs, with tailored solutions to meet diverse business needs.£1,000–£25,000; 11.3%–0% APR; 12 to 120 months
4Lloyds BankLloyds Bank offers business loans and financial solutions for expanding, investing, or maintaining cash flow in SMEs across the UK.£1,000–£1,000,000; 5%–14.9% APR; 12 to 300 months
5Santander UKSantander UK offers flexible business loans for SMEs, focusing on tailored financing solutions to support business growth and stability.£25,001–£500,000; 5.5%–0% APR; 12 to 60 months
6NatWestNatWest provides a range of lending solutions for UK businesses, including fixed and variable rate business loans to accommodate various financial needs.£25,001–£10,000,000; 3.9%–11.9% APR; 6 to 60 months
7Funding CircleFunding Circle is a leading platform for small business loans in the UK, providing fast decisions and funds for substantial business growth.£5,000–£750,000; 6%–13.9% APR; 6 to 60 months
8FleximizeFleximize offers tailored business loans and a range of financial products for growing SMEs in the UK, known for quick processing and flexibility.£5,000–£500,000; 0%–0% APR; 3 to 60 months
9iwocaiwoca offers flexible funding solutions for SMEs, providing quick access to finance with minimal paperwork and rapid decision times.£1,000–£1,000,000; 0%–0% APR; 1 to 24 months
10Metro BankMetro Bank provides a variety of flexible business borrowing options, including loans designed for growth and long-term investment.£5,000–£500,000; 5.5%–12% APR; 12 to 300 months
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