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

Discover the best lenders offering unsecured business loans up to £350,000 in the UK. Learn how to secure financing quickly and easily to grow your business.
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Best Lenders to Secure a 350k Unsecured 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 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 focuses on providing a fast comparison platform for UK SMEs seeking unsecured business loans. It is suitable for companies wanting quick access to diverse finance options with straightforward terms. The platform prioritises ease of application and clear eligibility assessments 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 specialises in a variety of business lending solutions including unsecured and secured loans. It is typically suited for franchises or SMEs needing flexible borrowing terms backed by an established banking institution. Barclays offers options that may require collateral and diverse repayment types supported by extensive lender experience.

Loan Details

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

Services & Industries

  • Finance Types: Unsecured business loans, Secured loans, Asset finance
  • Industries: Various industries

Pros

  • Quick funding access
  • Established reputation

Cons

  • Stricter lending criteria
  • Complex application process

Sources: Source

3. HSBC

HSBC offers tailored business loan products aimed at SMEs requiring funds for expansion or working capital. Its services suit franchise buyers and others preferring a lender with global reach and diverse product offerings. HSBC provides loans with various repayment structures, though criteria and interest rates may impact eligibility.

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: Small business loans, Commercial business loans, Flexible loans
  • Industries: Various industries

Pros

  • Global presence
  • Variety of loan products

Cons

  • High minimum eligibility criteria
  • Interest rates can be high

Sources: Source

4. Lloyds Bank

Lloyds Bank provides a broad range of business loans designed for SMEs, including unsecured and secured options. This provider is suited for borrowers seeking well-established banking support with flexible credit solutions. Loans may come with various repayment options and possible collateral requirements depending on the loan type.

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: Unsecured business loans, Secured business loans, Overdrafts
  • Industries: Various industries

Pros

  • Established banking institution
  • Broad range of loan options

Cons

  • Lengthy approval process

Sources: Source

5. Santander UK

Santander UK offers a selection of unsecured and secured business loan products aimed at SMEs focused on growth. This lender is suitable for franchises requiring tailored loans with flexible terms and customer support. Santander balances loan options with repayment flexibility and industry experience, often catering to a wide range of sectors.

Loan Details

  • Min Amount: £500
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various industries

Pros

  • Flexible terms
  • Strong customer service

Cons

  • Limited loan amounts for new customers

Sources: Source

6. Shawbrook

Shawbrook serves UK businesses with a focus on specialised lending solutions and savings products. It is ideal for SMEs looking for flexible unsecured loan options with tailored terms. Shawbrook provides a blend of speed and lending expertise, typically requiring specific lending criteria and offering both secured and unsecured products.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £350,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured loans
  • Industries: SMEs

Pros

  • Fast funding
  • Specialist lender

Cons

  • Limited branch access
  • Strict lending criteria

Sources: Source

7. Nucleus Commercial Finance

Nucleus Commercial Finance specialises in providing innovative funding solutions to UK SMEs, including unsecured and secured loans. This lender suits franchises or small businesses requiring flexible short-to-medium term funding. Its process typically offers rapid applications and varied repayment options while considering specific business needs.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Various industries

Pros

  • Flexible repayment options
  • Rapid application process

Cons

  • Higher APR for small businesses

Sources: Source

8. iwoca

iwoca provides flexible business loans with rapid decisions via a seamless online application process. It suits SMEs and franchise buyers needing unsecured loans or lines of credit with short-term durations. The lender emphasises speed and simplicity without collateral requirements.

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: Unsecured business loans, Lines of credit
  • Industries: Various industries

Pros

  • No early repayment fees
  • Quick approval process

Cons

  • Short-term loan durations

Sources: Source

9. Funding Circle

Funding Circle is a peer-to-peer lending platform providing affordable unsecured and secured loans to UK SMEs. It is appropriate for franchise buyers seeking competitive rates and an easy online application process. The platform offers flexibility but involves peer-to-peer lending considerations.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: SMEs

Pros

  • Quick and easy application
  • Competitive rates

Cons

  • Peer-to-peer risk
  • Limited relationship support

Sources: Source

10. Metro Bank

Metro Bank offers a variety of commercial and secured loan options for UK businesses. It suits SMEs and franchises requiring customer-focused service and flexible borrowing solutions. Loans include longer terms with potential collateral requirements tailored to business needs.

Loan Details

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

Services & Industries

  • Finance Types: Commercial loans, Secured loans
  • Industries: Various industries

Pros

  • Long loan terms available
  • Customer-focused service

Cons

  • Limited high street presence

Sources: Source

How to choose

When seeking a 350k unsecured business loan, align your choice with your financing requirements and business profile. Assess loan amounts, APRs, and repayment durations to ensure affordability and sustainability. Consider lender speed, application complexity, and flexibility, especially around early repayment and eligibility. Check whether collateral is required or if loans are unsecured to fit your risk preference. Prioritise lenders who offer transparent terms and suit your industry and business size for best outcomes.

Conclusion

Choosing the right lender for a 350 thousand pounds loan depends on your business needs. Banks often provide established products with potential collateral requirements and longer terms. Brokers or specialist lenders can offer quicker access and more flexible unsecured options but may have higher APRs or stricter criteria. Funding Agent serves as a useful starting point for comparing multiple lenders quickly. Always verify current terms and conditions with each provider before committing.

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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
2BarclaysBarclays is a major global financial services provider engaged in retail banking, investment banking, and business lending solutions, supporting UK businesses with tailored finance products.£1,000–£100,000; 0%–0% APR; 1 to 25 years
3HSBCHSBC provides a range of financial services globally, including tailored business loans for SMEs in the UK to help them with financial needs such as expansion and working capital management.£1,000–£25,000; 11.3%–0% APR; 12 to 120 months
4Lloyds BankLloyds Bank is a well-known UK financial institution offering a variety of business loan products, catering to SMEs with comprehensive financial and lending solutions.£1,000–£1,000,000; 0%–0% APR; 1 to 25 years
5Santander UKSantander UK provides personal and business banking, including a range of business loan solutions tailored for SMEs to help them with their growth and financial needs.£500–£250,000; 0%–0% APR; 1 to 25 years
6ShawbrookShawbrook is a specialist UK bank focused on providing lending and savings solutions to UK businesses, renowned for their flexible finance options including unsecured business loans.£25,000–£350,000; 0%–0% APR; 1 to 5 years
7Nucleus Commercial FinanceNucleus Commercial Finance provides innovative business finance solutions to SMEs in the UK, focusing on flexible funding options from short-term business loans to tailored finance products.£3,000–£500,000; 0%–0% APR; 1 to 60 months
8iwocaiwoca is a UK-based finance company offering business loans up to £1,000,000 with flexible terms, renowned for its fast decisions and seamless online process tailored for SMEs.£1,000–£1,000,000; 0%–0% APR; 1 to 24 months
9Funding CircleFunding Circle is a peer-to-peer lending platform in the UK, providing affordable loans to small businesses, facilitating growth through quick and seamless online loan processes.£10,000–£750,000; 0%–0% APR; 1 to 60 months
10Metro BankMetro Bank offers a range of borrowing solutions tailored for UK businesses, known for their customer-centric approach and flexible borrowing based on business needs.£1,000–£0; 0%–0% APR; 1 to 30 years
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