April 14, 2026
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Best Lenders to Secure a 340k Secured Business Loan

Discover the best lenders to secure a £340,000 secured business loan. Learn about loan options, eligibility, and tips for getting approved in the UK business market.
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Best Lenders to Secure a 340k 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 340k 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 focused on fast comparison of unsecured business finance options for UK SMEs. It is typically suited for businesses seeking quick eligibility assessments and simple application processes without requiring collateral. Flexibility and speed are key features, helping borrowers weigh multiple options with ease.

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. HSBC

HSBC focuses on commercial business loans with a variety of flexible options suited for small to medium enterprises. It typically serves borrowers seeking stable global banking relationships and a range of repayment choices. The bank’s offerings are generally best for franchise buyers looking for established banking support.

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 Business Loan, Flexible Business Loan
  • Industries: Hospitality, Technology

Pros

  • Wide range of loan options
  • Global banking support

Cons

  • Higher APR for smaller loans

Sources: Source

3. Barclays

Barclays specialises in business loans including environmentally focused products aimed at UK businesses. It is suitable for franchise operators needing flexible repayment options alongside support for green initiatives. Loans typically offer varied tenure lengths with options to support diverse business needs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 3%
  • Max APR: 0%
  • Loan Duration: 1 to 10 years ⌛

Services & Industries

  • Finance Types: Business Loan, Green Loans for Business
  • Industries: Construction, Energy

Pros

  • Fast application process
  • Discounts for green projects

Cons

  • Loan amount limits for new businesses

Sources: Source

4. Metro Bank

Metro Bank offers commercial and business loans with a focus on personalised customer service and long-term lending. It fits borrowers seeking flexible loan durations and high maximum loan amounts typically backed by assets. Speed and customer support are highlights in their lending approach.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £2,500,000
  • Min APR: 5.9%
  • Max APR: 0%
  • Loan Duration: 1 to 30 years ⌛

Services & Industries

  • Finance Types: Business Loan, Asset Finance
  • Industries: Retail, Healthcare

Pros

  • Long loan terms
  • High maximum loan amount

Cons

  • Higher APR for smaller loans

Sources: Source

5. Aldermore

Aldermore specialises in flexible finance solutions tailored to specific industries, used commonly for growth and asset-backed lending. It suits borrowers comfortable with more detailed eligibility criteria seeking targeted support. The bank offers industry expertise alongside middle-market loan products with structured terms.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £2,000,000
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: 3 to 60 months ⌛

Services & Industries

  • Finance Types: Asset Based Lending, Term Loans
  • Industries: Construction, Transport

Pros

  • Industry-specific solutions
  • Expert support

Cons

  • Complex eligibility criteria

Sources: Source

6. Virgin Money

Virgin Money provides a broad range of business loan products, suited for borrowers needing both short and long-term finance. Their offerings include competitive rates with various repayment terms. This lender is appropriate for SMEs seeking flexibility and support across different industries.

Loan Details

  • Min Amount: £30,000
  • Max Amount: £2,000,000
  • Min APR: 8%
  • Max APR: 0%
  • Loan Duration: 12 to 240 months ⌛

Services & Industries

  • Finance Types: Term Loan, Business Overdraft
  • Industries: Real Estate, Media

Pros

  • Flexible repayment options
  • High loan limit

Cons

  • Long approval process

Sources: Source

7. Fleximize

Fleximize provides flexible, award-winning business loan options with focus on client satisfaction and quick funding. It is suitable for franchises needing tailored loan packages with varying terms and conditions. Many borrowers find it useful when seeking manageable repayment structures.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 9%
  • Max APR: 35%
  • Loan Duration: 3 to 48 months ⌛

Services & Industries

  • Finance Types: Flexiloan, Unsecured Loans
  • Industries: Hospitality, Retail

Pros

  • Quick funding
  • Custom loan packages

Cons

  • High APR for lower credit scores

Sources: Source

8. Funding Circle

Funding Circle is a peer-to-peer lending platform providing competitive business loans with fast access to funds. It works well for borrowers who qualify under strict criteria and want transparent repayment options. This lender supports a range of business sectors with flexible loan durations.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 6%
  • Max APR: 27.9%
  • Loan Duration: 6 to 120 months ⌛

Services & Industries

  • Finance Types: Peer-to-Peer Loans, Small Business Loans
  • Industries: Manufacturing, Professional Services

Pros

  • No early repayment fees
  • Fast decision-making

Cons

  • Strict eligibility requirements

Sources: Source

9. NatWest

NatWest offers a wide variety of loan and overdraft products focused on flexibility for UK businesses. It is most suitable for SMEs needing a mix of fixed and variable rate options with personalised banking services. NatWest loans often support longer terms aligned with business growth plans.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 4.5%
  • Max APR: 0%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Fixed Rate Loans, Business Overdrafts
  • Industries: Automotive, Technology

Pros

  • Wide range of loan products
  • Flexible terms

Cons

  • Higher rates for unsecured loans

Sources: Source

10. Lloyds Bank

Lloyds Bank delivers tailored business loans and asset finance options aimed at meeting various corporate financial needs. It typically suits SMEs looking for personalised lending solutions with comprehensive customer service. Loan products often provide flexible repayment plans aligned with business cycles.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 5.2%
  • Max APR: 0%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Healthcare, Retail

Pros

  • Flexible borrowing options
  • Comprehensive customer support

Cons

  • Lengthy application process

Sources: Source

How to choose

When seeking the best lender for a 340k secured business loan, align the loan size and APR with your financial capacity and repayment plans. Assess eligibility criteria carefully, especially around security and collateral requirements. Balance the need for speed in funding against flexibility in terms and fees. Consider repayment types that suit your franchise cash flow and foresee any seasonality impacts. Review all lender fees, early repayment options, and whether brokered access better suits your needs. Each factor influences the overall fit of the loan for your specific business goals.

Conclusion

Choosing the right lender depends on your loan purpose and preferred borrowing style. Banks generally offer structured loans with varied products, while brokers facilitate access to wider lending pools. Specialist lenders can provide tailored options for niche needs or asset-backed financing. Funding Agent remains a solid option for SMEs wanting rapid comparison to assess fit across multiple lenders. Matching your requirements with lender strengths can help secure suitable financing for your 340 thousand pounds loan.

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FAQs

What is a secured business loan?
How can I qualify for a £340k secured business loan?
Which lenders offer the best rates for large secured business loans in the UK?
What are the typical repayment terms for a £340k secured business loan?
Are there any risks involved with secured business loans?
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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
2HSBCHSBC is a leading global bank providing comprehensive commercial banking services, including tailored business loans.£1,000–£25,000; 11.3%–0% APR; 12 to 120 months
3BarclaysBarclays offers innovative solutions with a focus on supporting UK businesses through diverse loan products and financial services.£1,000–£100,000; 3%–0% APR; 1 to 10 years
4Metro BankMetro Bank provides customer-focused banking services, offering flexible borrowing solutions including business and commercial loans.£1,000–£2,500,000; 5.9%–0% APR; 1 to 30 years
5AldermoreAldermore Bank specializes in offering flexible finance solutions to help businesses grow, tailored by industry experts.£25,000–£2,000,000; 6%–0% APR; 3 to 60 months
6Virgin MoneyVirgin Money provides a variety of business loans tailored for both short and long-term financial needs, with competitive rates and terms.£30,000–£2,000,000; 8%–0% APR; 12 to 240 months
7FleximizeFleximize offers award-winning business loan services with a focus on customer satisfaction and flexibility in loan terms and conditions.£5,000–£500,000; 9%–35% APR; 3 to 48 months
8Funding CircleFunding Circle is a market leader in peer-to-peer business loans, offering competitive rates and fast access to funds for SMEs.£10,000–£750,000; 6%–27.9% APR; 6 to 120 months
9NatWestNatWest provides comprehensive financial services, known for personalized banking solutions and a strong focus on UK businesses.£25,001–£10,000,000; 4.5%–0% APR; 1 to 25 years
10Lloyds BankLloyds Bank offers tailored business loan products and financial advice, supporting various business needs with personalized services.£1,000–£1,000,000; 5.2%–0% APR; 1 to 25 years
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