April 14, 2026
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Best Lenders to Secure a 340k Working Capital Loan

Discover the best UK lenders to secure a £340,000 working capital loan. Compare rates, terms, and find the right lender to boost your business finances today.
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Best Lenders to Secure a 340k Working Capital 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 Working Capital 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 specialises in offering a platform to compare unsecured business finance options in the UK. It is typically suited to SMEs seeking working capital and other flexible financing solutions. The service emphasises speed and simplicity, with fast eligibility checks and no collateral requirements.

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. Nucleus Commercial Finance

Nucleus Commercial Finance provides a range of secured and unsecured loans for UK SMEs. It is best suited for businesses requiring structured finance solutions, including those needing flexibility in security and loan purpose. The lender offers brokered access with various repayment options but without confirmed APR specifics.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

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

Pros

  • Fast application process
  • Flexible terms

Cons

  • Higher minimum loan amount

Sources: Source

3. Iwoca

Iwoca offers flexible business loans targeted at UK SMEs needing short to medium-term finance. It suits companies that value no early repayment fees and fast decision times. The provider focuses on unsecured lending with straightforward terms and no penalties for early settlement.

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: Business Loans
  • Industries: Small and Medium Enterprises

Pros

  • No early repayment fees
  • Quick decision making

Cons

  • Higher rates for smaller loans

Sources: Source

4. Barclays

Barclays is a prominent UK bank providing a broad selection of business loans. It is typically suited to businesses with established credit histories seeking financing for equipment or expansion. Loans often require collateral, with various product features reflecting traditional banking criteria.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Unsecured Loans
  • Industries: Various

Pros

  • Established bank reputation
  • Diverse loan options

Cons

  • Strict eligibility criteria

Sources: Source

5. Lloyds Bank

Lloyds Bank offers a range of business loans with flexible repayment durations, aimed at UK businesses across sectors. It typically suits established companies looking for longer-term borrowing options. Security and customer relationship requirements can affect loan suitability.

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: Business Loans
  • Industries: Various

Pros

  • Long repayment terms
  • Large loan amounts available

Cons

  • Requires existing customer relationship

Sources: Source

6. Natwest

Natwest provides a range of fixed and variable rate loans primarily through traditional banking channels. Their offerings best serve established UK businesses with larger financing needs. The loans often involve eligibility checks and can include secured and unsecured options.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

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

Pros

  • No upper limit on variable rate loans
  • Wide range of financial products

Cons

  • High minimum borrowing amount

Sources: Source

7. Bizcap

Bizcap focuses on quick and flexible unsecured loan solutions for UK SMEs, catering particularly to those who need rapid access to funds. It suits businesses with diverse credit backgrounds looking for a straightforward application process. Loan offerings include varied term structures and credit considerations.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

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

Pros

  • Rapid funding
  • Flexible credit requirements

Cons

  • Higher interest rates for high-risk profiles

Sources: Source

8. White Oak UK

White Oak UK serves SMEs with unsecured business loans and invoice financing options. This lender is suitable for companies requiring flexible repayment terms and larger funding amounts. It provides quick access to capital with a focus on supporting business cash flow needs.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

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

Pros

  • Large funding amounts
  • Fast application process

Cons

  • Higher rates compared to traditional banks

Sources: Source

9. Fleximize

Fleximize offers flexible SME loans with secured options available for UK businesses. It is well suited for companies needing tailored repayment terms and quick funding decisions. The lender emphasises a streamlined application with consideration for revenue levels.

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: SME Loans, Secured Loans
  • Industries: Various

Pros

  • Flexible repayment options
  • Quick access to funds

Cons

  • Application heavily reliant on revenue indicators

Sources: Source

10. Century Business Finance

Century Business Finance focuses on straightforward loans designed to support UK SMEs’ cash flow and growth. This lender typically suits companies looking for clarity and speed in loan approval. Their offerings include longer-term lending options with transparent processes.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 4.5%
  • Max APR: 12%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Long Term Loans
  • Industries: Small and Medium Enterprises

Pros

  • Fast approval and funding
  • Transparent lending practices

Cons

  • Limited maximum loan amount

Sources: Source

How to choose

When seeking to secure a 340k working capital loan, consider the lender's focus and product type to match your business needs. Assess loan size, APR, and repayment terms against your cash flow and budget. Evaluate eligibility criteria, including any collateral requirements and the speed of funding. Broker platforms can offer a variety of options quickly, while banks may provide stability with stricter conditions. Carefully review fees, flexibility, and the potential impact of early repayment terms. Use this information to find a lender that balances affordability with the right fit for your franchise operations.

Conclusion

Choosing the right lender depends on your specific financing needs and business profile. Banks tend to suit established businesses seeking traditional loans with structured repayment plans. Brokers like Funding Agent offer a wide comparison across multiple lenders, ideal for finding flexible unsecured options. Specialist lenders provide niche solutions, often with faster turnaround but varying eligibility. Matching the lender type to your intended use and financial situation is key to obtaining the best terms on a 340 thousand pounds loan.

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FAQs

What is a working capital 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
2Nucleus Commercial FinanceNucleus Commercial Finance offers a variety of financial products tailored to SMEs in the UK, focusing on delivering prompt funding solutions with amounts ranging from £3k to £2m.£3,000–£2,000,000; 0%–0% APR; Unknown
3IwocaIwoca provides flexible business loans to SMEs in the UK, ranging from £1k to £1m with no penalties for early repayment.£1,000–£1,000,000; 0%–0% APR; 1 to 24 months
4BarclaysBarclays is a major UK bank offering a wide range of business financing options, including loans tailored for equipment purchase and business expansion.£1,000–£100,000; 0%–0% APR; Unknown
5Lloyds BankLloyds Bank provides a variety of business loan products designed for UK businesses, with flexible borrowing terms up to 25 years.£1,000–£1,000,000; 0%–0% APR; 1 to 25 years
6NatwestNatwest offers a range of lending products for UK businesses, including fixed and variable rate loans from £25,001 to £10 million.£25,001–£10,000,000; 0%–0% APR; Unknown
7BizcapBizcap offers fast and flexible business loans up to £1 million, with approval possible in as little as 3 hours, catering to varied credit profiles.£5,000–£1,000,000; 0%–0% APR; Unknown
8White Oak UKWhite Oak UK is a prominent lender to SMEs, providing business loans up to £2 million with various flexible term options.£5,000–£2,000,000; 0%–0% APR; Unknown
9FleximizeFleximize is an award-winning business lender offering loans from £5k to £500k with the ability to repay over flexible terms tailored to SMEs.£5,000–£500,000; 0%–0% APR; 3 to 60 months
10Century Business FinanceCentury Business Finance supports UK SMEs with straightforward and fast business loans dedicated to improving cash flow and facilitating growth.£10,000–£250,000; 4.5%–12% APR; Unknown
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