April 14, 2026
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Best Lenders to Secure a 350k Short Term Business Loan

Discover the best lenders offering £350,000 short term business loans. Learn about loan options, interest rates, and how to secure funding quickly for your UK business.
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Best Lenders to Secure a 350k Short Term Business Loan
Jesse Spence
Finance content writer / Market researcher

Jesse Spence is a Funding Research and Content Lead at Funding Agent with 4 years of experience in market research. He focuses on turning lender criteria and market insights into practical, plain-English resources that help business owners, not only, improve approval chances and choose the right type of finance but also find the right funding providers for their needs.

Best Lenders to Secure a 350k Short Term 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 providing a brokered comparison platform for UK SMEs to access a variety of business finance options quickly. It is suitable for franchise buyers and operators seeking unsecured loans or working capital with predictable terms. The platform emphasises speed and simplicity, helping borrowers find options matched to their needs without 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 array of business funding options including bank loans, commercial mortgages, and cashflow solutions targeting UK SMEs. This lender is suited for borrowers needing structured products with varying security requirements. Barclays offers flexibility in repayment options and loan durations, with a focus on established businesses.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 2.5%
  • Max APR: 10%
  • Loan Duration: 6 to 120 months ⌛

Services & Industries

  • Finance Types: Term Loans, Commercial Mortgages, Overdrafts
  • Industries: All, Retail, Technology, Healthcare

Pros

  • Wide range of products
  • Strong customer service

Cons

  • Strict eligibility criteria

Sources: Source

3. NatWest

NatWest offers tailored bank business loans and finance products with adaptable terms for UK SMEs, including overdrafts and fixed or variable rates. It is suitable for businesses that need customised funding arrangements and value support from an established lender. NatWest emphasises flexible repayment options and comprehensive service.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 3%
  • Max APR: 12%
  • Loan Duration: 12 to 180 months ⌛

Services & Industries

  • Finance Types: Fixed Rate Loans, Variable Rate Loans, Overdrafts
  • Industries: Manufacturing, Retail, Services

Pros

  • Experienced lender
  • Comprehensive service range

Cons

  • Higher minimum loan amount

Sources: Source

4. Funding Circle

Funding Circle specialises in peer-to-peer lending for SMEs, offering affordable loans with fast decisions and straightforward terms. It is appropriate for businesses seeking flexible short to mid-term loans with no early repayment penalties. Borrowers can access a variety of financing options via an online platform focused on speed and transparency.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £750,000
  • Min APR: 4.5%
  • Max APR: 19.9%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Small Business Loans, Short Term Loans, Startup Finance
  • Industries: Any SME, Healthcare, Technology

Pros

  • No early repayment fees
  • Quick decision making

Cons

  • Online platform only

Sources: Source

5. iwoca

iwoca provides fast, unsecured loans to UK SMEs, focusing on speed and simplicity with flexible loan terms. It is ideal for businesses needing quick funding for operational costs or growth without offering collateral. The lender emphasises accessible financing for a range of sectors including retail and manufacturing.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 3%
  • Max APR: 25%
  • Loan Duration: 1 to 24 months ⌛

Services & Industries

  • Finance Types: Flexible Loans, Unsecured Loans
  • Industries: Retail, Services, Manufacturing

Pros

  • Quick approval
  • No early repayment fees

Cons

  • Short repayment terms

Sources: Source

6. Metro Bank

Metro Bank offers commercial loans tailored to diverse UK business needs with options for collateral and asset finance. It is best suited for borrowers looking for longer loan durations and a personalised service approach. The lender provides flexibility in borrowing structures and repayment schedules.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £5,000,000
  • Min APR: 2.9%
  • Max APR: 13.9%
  • Loan Duration: 12 to 360 months ⌛

Services & Industries

  • Finance Types: Commercial Loans, Asset Finance, Business Credit
  • Industries: Retail, Manufacturing, Services

Pros

  • Personalised service
  • Long loan durations

Cons

  • Higher APR for short terms

Sources: Source

7. Lease Finance Limited

Lease Finance Limited provides flexible business loans with an emphasis on transparency and competitive rates for UK SMEs. It suits borrowers seeking clear terms and a mix of secured and unsecured loan options. Their products cater to various industries requiring short to medium-term finance.

Loan Details

  • Min Amount: £2,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 15%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Loans, Secured Loans, Invoice Finance
  • Industries: Logistics, Retail, Engineering

Pros

  • Competitive rates
  • Transparent pricing

Cons

  • Higher starting APR

Sources: Source

8. British Business Bank

British Business Bank offers government-backed financial solutions to UK businesses, including loans and grants aimed at startups and growing companies. It is suitable for those seeking support with smaller loan amounts under clear terms. The focus is on providing accessible finance with flexible repayment structures.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £50,000
  • Min APR: 6%
  • Max APR: 20%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Start Up Loans, Growth Loans
  • Industries: Startups, Tech, Retail

Pros

  • Government backed
  • Flexible terms

Cons

  • Lower loan amounts

Sources: Source

9. Century Business Finance

Century Business Finance delivers rapid SME loan solutions with clear application processes tailored for retail, hospitality, and healthcare sectors. It is well matched to borrowers who need straightforward short term loans with fast approval. Their approach prioritises efficiency and accessible service.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 5.5%
  • Max APR: 18%
  • Loan Duration: 12 to 48 months ⌛

Services & Industries

  • Finance Types: SME Loans, Short Term Loans
  • Industries: Retail, Hospitality, Healthcare

Pros

  • Simple application
  • Same-day approval

Cons

  • Lower maximum amounts

Sources: Source

10. Quick Funds

Quick Funds offers comprehensive commercial lending solutions capable of supporting large loan amounts for various business needs. It suits UK SMEs requiring flexible terms and quick funding access, though interest rates may vary based on credit. Their loan products include secured and unsecured options focused on commercial growth sectors.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £10,000,000
  • Min APR: 4%
  • Max APR: 16%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Commercial Loans, Secured Loans
  • Industries: Construction, Retail, Manufacturing

Pros

  • Fast funding
  • Large loan amounts

Cons

  • High interest for poor credit

Sources: Source

How to choose

When seeking a 350k short term business loan, assess each lender’s focus and loan structure to find the best fit. Determine if you require unsecured or secured finance, and whether you prefer a traditional bank, broker platform, or specialist lender. Consider the trade-off between application speed and flexibility of terms. Review eligibility criteria carefully to ensure you qualify. Also, match loan duration and repayment options with your projected cash flow. Factor in any fees and early repayment terms before applying.

Conclusion

Choosing the right lender depends on your specific business needs and loan purpose. Banks provide structured loans with wider product ranges suitable for established businesses. Brokers like Funding Agent offer quick comparisons across multiple lenders, ideal for those prioritising speed and choice. Specialist lenders may be best for niche requirements or unsecured lending. Always confirm up-to-date pricing and terms before committing to a 350 thousand pounds loan.

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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 offers a range of business funding options including loans, commercial mortgages, and cashflow finance to UK SMEs.£1,000–£1,000,000; 2.5%–10% APR; 6 to 120 months
3NatWestNatWest provides tailored business loans and finance options, supporting UK SMEs with flexible terms and recognized customer support.£25,001–£10,000,000; 3%–12% APR; 12 to 180 months
4Funding CircleFunding Circle is a top UK platform for SMEs offering fast, affordable loans with a wide range of financing options.£5,000–£750,000; 4.5%–19.9% APR; 6 to 60 months
5iwocaIwoca offers flexible, unsecured business loans to UK SMEs, facilitating fast funding to manage operational costs and growth.£1,000–£1,000,000; 3%–25% APR; 1 to 24 months
6Metro BankMetro Bank offers commercial loans designed to meet the various needs of UK businesses, providing a mix of flexibility and personalised service.£5,000–£5,000,000; 2.9%–13.9% APR; 12 to 360 months
7Lease Finance LimitedLease Finance Limited offers fast and flexible business loan solutions focusing on transparency and competitive rates for UK SMEs.£2,000–£1,000,000; 6%–15% APR; 6 to 60 months
8British Business BankThe British Business Bank supports UK businesses with a variety of financial solutions including loans and innovation grants.£5,000–£50,000; 6%–20% APR; 12 to 60 months
9Century Business FinanceCentury Business Finance provides rapid SME loan solutions with a focus on clear, efficient service and straightforward application processes.£10,000–£250,000; 5.5%–18% APR; 12 to 48 months
10Quick FundsQuick Funds offers comprehensive lending solutions for commercial needs, enabling fast access to funds for UK businesses seeking flexibility.£5,000–£10,000,000; 4%–16% APR; 1 to 60 months
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