April 14, 2026
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Best Lenders to Secure a 320k Secured Business Loan

Discover the best lenders offering secured business loans of £320,000 in the UK. Compare terms, rates, and find the right fit to grow your business confidently.
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Best Lenders to Secure a 320k Secured 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 320k 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 brokering quick and simple comparisons of business finance options across various UK lenders. It is typically suitable for UK SMEs seeking diverse business funding, including unsecured and working capital loans with flexible access. The platform offers fast eligibility checks and an easy application process without necessarily 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 provides a broad range of bank business loans designed to serve UK SMEs with various funding needs. They are typically suited for businesses looking for secured or unsecured loans with competitive terms and flexible repayment options. Barclays offers established banking services with variable speed depending on loan complexity and security requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £500,000
  • Min APR: 11.2%
  • Max APR: 12.9%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

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

Pros

  • Strong market presence
  • Wide range of loan options

Cons

  • Potentially higher rates for smaller loans

Sources: Source

3. HSBC

HSBC offers bank business loans focused on supporting growth for both small and larger UK businesses. Their loans are typically suitable for franchise buyers and companies seeking a mix of secured and unsecured options. HSBC balances flexibility with established banking standards, with repayment types tailored to client needs and a broader loan term range.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £500,000
  • Min APR: 7.9%
  • Max APR: 11.3%
  • Loan Duration: 12 to 120 months ⌛

Services & Industries

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

Pros

  • Global reach
  • Trustworthy banking services

Cons

  • Stricter eligibility criteria

Sources: Source

4. Lloyds Bank

Lloyds Bank specialises in flexible business loans for UK firms that often require secured lending or longer terms. It is generally suited for businesses planning investments or expansions needing competitive rates and adaptable repayment options. The bank emphasises service quality and flexible loan structuring based on creditworthiness and collateral.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £500,000
  • Min APR: 7.9%
  • Max APR: 11.2%
  • Loan Duration: 12 to 300 months ⌛

Services & Industries

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

Pros

  • Flexible loan terms
  • Good customer service

Cons

  • Eligibility may depend on credit score

Sources: Source

5. Santander UK

Santander UK focuses on secured business loans and equipment financing suited to UK SMEs with specific borrowing requirements. It fits businesses seeking tailored loan structures that offer flexibility and options for security arrangements. Santander blends competitive lending with bespoke solutions often accompanied by varied contract terms.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £1,000,000
  • Min APR: 7.9%
  • Max APR: 23.7%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Secured Business Loans, Equipment Loans
  • Industries: Various

Pros

  • Customizable loan options
  • Strong financial backing

Cons

  • Higher rates for smaller loans

Sources: Source

6. NatWest

NatWest delivers a broad range of flexible loan products for UK businesses, suitable for varying capital needs from working capital to expansion. Its offerings accommodate different loan structures with potential for secured or unsecured borrowing. NatWest appeals to borrowers seeking established bank services with moderate application timelines.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 8%
  • Max APR: 13%
  • Loan Duration: 6 to 120 months ⌛

Services & Industries

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

Pros

  • Reputable and established bank
  • Variety of loan products

Cons

  • May have higher fees compared to smaller lenders

Sources: Source

7. Funding Circle

Funding Circle operates as a peer-to-peer lending platform focusing on unsecured business loans for small UK businesses. It is typically suitable for SMEs seeking competitive rates without the need for collateral. The platform offers relatively fast funding decisions with flexible repayment schedules, although rates vary by borrower profile.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 12.25%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans
  • Industries: Various

Pros

  • Fast application process
  • No early repayment fees

Cons

  • Rates depend on borrower profile

Sources: Source

8. iwoca

iwoca offers short-term, flexible business loans primarily designed for smaller UK enterprises needing rapid access to working capital. It is appropriate for businesses requiring fast funding with shorter loan durations and adaptable repayment terms. iwoca’s process provides convenience with a focus on speedy decisions without heavy collateral demands.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 15%
  • Loan Duration: 1 to 24 months ⌛

Services & Industries

  • Finance Types: Short-Term Business Loans
  • Industries: Various

Pros

  • Quick decisions
  • Flexible repayment terms

Cons

  • Shorter loan durations

Sources: Source

9. Metro Bank

Metro Bank combines personalised service with a variety of secured and unsecured business loan options for UK SMEs. It suits businesses seeking tailored loan solutions with flexible terms and predictable repayment schedules. Metro Bank emphasises client relationships and offers competitive interest rates within its operational area.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 9.6%
  • Max APR: 9.6%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

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

Pros

  • Personalized service
  • Competitive APR

Cons

  • Limited to UK operations

Sources: Source

10. Fleximize

Fleximize specialises in flexible and innovative financing options for UK SMEs, offering both secured and unsecured loans. The lender suits businesses requiring quick access to funds with varied repayment choices and competitive terms, often accommodating larger loan amounts. Fleximize’s process prioritises speed and adaptability to business needs within a straightforward application framework.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 0.9%
  • Max APR: 3.9%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

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

Pros

  • High loan amounts
  • No early repayment charges

Cons

  • Interest rates can be high depending on credit rating

Sources: Source

How to choose

When securing a 320k secured business loan, consider loan size, interest rates, and the repayment period that fits your cash flow. Assess the lender's requirements for collateral and security to ensure suitability. Compare application speed and process complexity, especially if you prioritise quick access to funds. Evaluate lender eligibility criteria to match your business profile. Also, carefully review fees, early repayment options, and customer support before deciding.

Conclusion

Selecting the right lender for a 320 thousand pounds loan depends on your business needs. Banks typically offer established products with varying security and terms, suitable for growth and investment. Brokers like Funding Agent provide access to multiple lenders with faster comparison but may have shorter track records. Specialists and peer-to-peer platforms offer alternative options with flexibility in repayment and credit requirements. Always verify current rates and terms directly with the lender; pricing can change.

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FAQs

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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 is a major international bank offering a wide range of business loan products tailored to meet the needs of SMEs across the UK.£1,000–£500,000; 11.2%–12.9% APR; 6 to 60 months
3HSBCHSBC provides flexible business loans with options for both small businesses and large corporations, focusing on supporting business growth.£1,000–£500,000; 7.9%–11.3% APR; 12 to 120 months
4Lloyds BankLloyds Bank offers business loans to UK firms, emphasizing flexible terms and competitive rates to support business expansion and investment.£1,000–£500,000; 7.9%–11.2% APR; 12 to 300 months
5Santander UKSantander UK provides tailored business loans to UK SMEs with flexible borrowing options to meet different business needs.£25,001–£1,000,000; 7.9%–23.7% APR; 1 to 60 months
6NatWestNatWest offers a comprehensive range of financing solutions for UK businesses, including flexible business loans to support growth and investments.£1,000–£1,000,000; 8%–13% APR; 6 to 120 months
7Funding CircleFunding Circle is a peer-to-peer business lending platform, providing small businesses in the UK with access to competitive financing options.£1,000–£750,000; 6.9%–12.25% APR; 6 to 60 months
8iwocaiwoca offers flexible short-term financing to small businesses in the UK, allowing for rapid access to capital for growth and operational needs.£1,000–£1,000,000; 6%–15% APR; 1 to 24 months
9Metro BankMetro Bank provides a range of business financing solutions in the UK, focusing on personalized service and flexible loan offerings.£5,000–£500,000; 9.6%–9.6% APR; 12 to 60 months
10FleximizeFleximize offers innovative and flexible funding solutions to UK SMEs, specializing in secured and unsecured loans with rapid approval processes.£5,000–£500,000; 0.9%–3.9% APR; 1 to 60 months
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