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

Discover the best lenders to secure a £320,000 unsecured business loan. Get competitive rates, flexible terms, and fast approvals for your business needs in the UK.
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Best Lenders to Secure a 320k 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 320k 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 assists UK SMEs by brokering access to various unsecured business loan options. It typically suits small to medium enterprises needing working capital with a focus on fast comparisons and straightforward application steps. Borrowers can expect flexible terms with no requirement for collateral and multiple repayment choices.

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 focuses on traditional bank business loans including secured and unsecured options suitable for various business needs. It is suited to borrowers looking for stable funding solutions with options for longer-term repayment and possible collateral requirements. The lender balances comprehensive loan products with structured eligibility and underwriting criteria.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 6.3%
  • Max APR: 0%
  • Loan Duration: 1 to 25 years

Services & Industries

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

Pros

  • Wide range of loan options
  • Reputable banking institution

Cons

  • May have stricter eligibility criteria

Sources: Source

3. HSBC UK

HSBC UK offers a range of banking products with a focus on business loans targeted at small and medium-sized enterprises. This lender suits businesses seeking flexible loan structures alongside established banking services. Borrowers may find options that support varying repayment schedules and risk profiles.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.3%
  • Max APR: 0%
  • Loan Duration: 1 to 10 years

Services & Industries

  • Finance Types: Flexible Business Loans, Commercial Loans
  • Industries: Various

Pros

  • Global banking support
  • Flexible repayment options

Cons

  • Higher interest rates for smaller loans

Sources: Source

4. Lloyds Bank

Lloyds Bank provides a suite of business loan products suited for companies seeking to grow or invest in equipment. It generally targets small business clients who can benefit from longer-term repayments and potentially secured lending. Terms and conditions may focus on applicants' credit profiles and business plans.

Loan Details

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

Services & Industries

  • Finance Types: Commercial Loans, Small Business Loans
  • Industries: Various

Pros

  • Long-term repayment options
  • Strong market reputation

Cons

  • Loans may require collateral

Sources: Source

5. Santander UK

Santander UK focuses on tailored business loans designed to meet a variety of operational and financing needs. It suits businesses looking for flexible loan terms repayable on demand or over the longer term. Clients may benefit from competitive rates and multiple funding options dependent on credit assessment.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Repayable on demand to long-term

Services & Industries

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

Pros

  • Flexible loan terms
  • Various financing options

Cons

  • High minimum loan amount

Sources: Source

6. NatWest

NatWest offers a variety of business lending and financial services designed for different industries and company sizes. It generally suits firms needing flexible loan terms with options spanning from overdrafts to small business loans. Applicants can expect thorough underwriting and structured repayment plans.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible terms

Services & Industries

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

Pros

  • Strong customer service
  • Multiple loan products

Cons

  • Potentially lengthy approval process

Sources: Source

7. iwoca

iwoca specialises in quick and flexible unsecured lending for SMEs needing working capital. It is suited to businesses that require rapid decisions and shorter loan durations without early repayment penalties. Security requirements are minimal, supporting a broad range of business types.

Loan Details

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

Services & Industries

  • Finance Types: Small Business Loans, Working Capital Loans
  • Industries: Various

Pros

  • Quick decision-making
  • No early repayment fees

Cons

  • Shorter loan durations

Sources: Source

8. Metro Bank

Metro Bank provides commercial loans and asset finance aimed at businesses seeking personalised banking solutions. This lender serves clients preferring flexible term lengths and a range of secured lending options. Branch availability may impact accessibility compared to other lenders.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 30 years

Services & Industries

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

Pros

  • Personalized banking
  • Flexible term lengths

Cons

  • Limited branch locations

Sources: Source

9. Fleximize

Fleximize concentrates on providing flexible business loans with quick funding and customisable terms. It suits SMEs needing tailored loan amounts and durations without extensive security requirements. This provider is appropriate for businesses seeking straightforward access to capital with moderate term lengths.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 48 months

Services & Industries

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

Pros

  • Fast funding
  • Customizable loans

Cons

  • Limited to UK businesses

Sources: Source

10. Century Business Finance

Century Business Finance specialises in straightforward lending for UK SMEs, offering unsecured and small business loans. It is suitable for companies seeking timely approvals with clear loan terms. Borrowers benefit from a focus on simplicity and predictable repayment plans with varying loan durations.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Same day to long-term

Services & Industries

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

Pros

  • Quick approvals
  • Clear loan terms

Cons

  • Lower maximum loan amounts

Sources: Source

How to choose

Selecting the best lender for a 320k unsecured business loan requires balancing loan amount, APR, and repayment flexibility with your business needs. Ensure you assess eligibility criteria carefully, especially regarding collateral and loan term suitability. Speed of approval varies across brokers, banks, and specialist lenders, so consider your urgency. Weigh the benefits of flexible repayment schedules versus fixed-term loans. Understand fees and any early repayment implications before committing. Always align borrowing with your franchise’s cash flow and business cycles for manageable repayments.

Conclusion

Choosing the right lender depends on your business type and loan purpose. Banks offer established products with potential collateral requirements and longer approval times. Brokers like Funding Agent help match borrowers to a wider range of options quickly. Specialist lenders often provide flexible terms for unsecured loans with faster decisions but may have shorter maximum durations. For a 320 thousand pounds loan, balance your need for speed, flexibility, and security when selecting providers. Funding Agent remains useful for quick comparisons across multiple options.

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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 is a leading UK bank providing a wide range of business loans and funding solutions to support businesses of all sizes.£1,000–£100,000; 6.3%–0% APR; 1 to 25 years
3HSBC UKHSBC UK offers comprehensive banking solutions including business loans tailored for small to medium enterprises in the UK.£1,000–£25,000; 11.3%–0% APR; 1 to 10 years
4Lloyds BankLloyds Bank specializes in providing business loans to help companies expand and invest in equipment, with a focus on small business.£1,000–£1,000,000; 0%–0% APR; 1 to 25 years
5Santander UKSantander UK offers tailored business loans to suit various business needs, with competitive rates and flexible terms.£25,001–£0; 0%–0% APR; Repayable on demand to long-term
6NatWestNatWest provides a comprehensive suite of business loans and financial services tailored to meet the needs of various businesses.£1,000–£10,000,000; 0%–0% APR; Flexible terms
7iwocaiwoca is dedicated to improving access to working capital for SMEs with fast, flexible business loans up to £1 million.£1,000–£1,000,000; 0%–0% APR; 1 day to 24 months
8Metro BankMetro Bank offers a range of lending products designed to support UK businesses in their growth and operational needs.£0–£0; 0%–0% APR; 1 to 30 years
9FleximizeFleximize offers flexible business loans to SMEs with a focus on providing quick and customizable funding solutions.£5,000–£500,000; 0%–0% APR; Up to 48 months
10Century Business FinanceCentury Business Finance specializes in offering business loans to UK SMEs with a focus on straightforward funding processes.£10,000–£250,000; 0%–0% APR; Same day to long-term