April 14, 2026
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Best Lenders to Secure a 360k Secured Business Loan

Discover the best lenders in the UK for securing a £360,000 secured business loan. Compare rates, terms, and find the right loan to grow your business with ease.
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Best Lenders to Secure a 360k Secured Business Loan
Abdus-Samad Charles
Finance Writer

Abdus-Samad Charles is a finance writer and the Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses. He specialises in turning complex funding topics, like eligibility criteria, documentation requirements, approval timelines, and lender expectations, into clear, research-led resources that are easy to find and help business owners make confident, informed decisions.

Best Lenders to Secure a 360k 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 focuses on connecting UK SMEs with a range of business finance products through a fast and simple online comparison platform. It is suitable for businesses seeking efficient access to unsecured loans with flexible terms and straightforward eligibility criteria. The service emphasises quick responses and minimal collateral requirements to assist borrowers in making informed decisions.

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 specialises in tailored secured and unsecured business loans. It suits borrowers looking for flexible term options and a variety of financing types, typically for working capital, asset purchase, or refinancing. The provider offers adaptable repayment structures and welcomes different industry sectors with an emphasis on speed and personalised service.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 8%
  • Max APR: 18%
  • Loan Duration: 6 months to 7 years ⌛

Services & Industries

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

Pros

  • Diverse funding options
  • Flexible terms
  • Rapid decisions

Cons

  • Higher rates for riskier profiles

Sources: Source Source

3. iwoca

iwoca offers quick, flexible business loans primarily unsecured, suitable for short-term financing needs such as working capital or immediate liquidity. It is effective for businesses requiring rapid decisions and simple application processes without extensive paperwork. The lender provides varying repayment options with an emphasis on accessibility for diverse SMEs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 1.5%
  • Max APR: 49%
  • Loan Duration: 1 day to 24 months ⌛

Services & Industries

  • Finance Types: Unsecured Loans
  • Industries: Various

Pros

  • Quick decisions
  • No early repayment fees
  • Flexible loan amounts

Cons

  • High APR for longer terms

Sources: Source

4. Barclays

Barclays provides a broad range of secured and unsecured business loans, aimed at SMEs needing funds for growth or refinancing. The bank is suitable for those preferring institutional lending with structured terms and eligibility checks. Loan packages often include options with collateral requirements and longer repayment durations.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.2%
  • Max APR: 0%
  • Loan Duration: Up to 10 years ⌛

Services & Industries

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

Pros

  • Variety of options
  • Quick turnaround for approved applications

Cons

  • Strict eligibility criteria

Sources: Source

5. Lloyds Bank

Lloyds Bank delivers a comprehensive range of secured and unsecured loan products for small to large businesses. The bank caters to borrowers needing structured repayments and customised agreements with possible collateral requirements. It fits those seeking reliable terms and support for growth or asset acquisition.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 7.9%
  • Max APR: 29.9%
  • Loan Duration: 3 to 72 months ⌛

Services & Industries

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

Pros

  • Tailored loan packages
  • Wide range of loan amounts

Cons

  • Might require significant security for larger loans

Sources: Source

6. NatWest

NatWest provides a variety of business loans aimed at both small and larger enterprises, including secured and unsecured options. It is tailored for businesses needing competitive rates and flexible repayment structures. The lender emphasises personalised packages with varying eligibility and collateral requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 8%
  • Max APR: 13%
  • Loan Duration: Variable terms available ⌛

Services & Industries

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

Pros

  • Comprehensive support for businesses
  • Flexible rates

Cons

  • Eligibility requirements can be stringent

Sources: Source

7. Funding Circle

Funding Circle operates a peer-to-peer lending platform specializing in fixed-rate unsecured loans for small businesses. It is ideal for SMEs seeking competitive rates on loans up to mid-range amounts with straightforward repayment options. The platform offers transparent fees and a streamlined application process.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 12.25%
  • Loan Duration: Up to 5 years ⌛

Services & Industries

  • Finance Types: Unsecured Loans
  • Industries: Various

Pros

  • Fast funding
  • Transparent rates

Cons

  • Limited to SMEs

Sources: Source Source

8. Virgin StartUp

Virgin StartUp focuses on start-up loans for entrepreneurs, providing fixed-rate finance primarily targeted at new businesses and early-stage ventures. This lender suits startups needing modest funding amounts with clear repayment plans and supportive advisory services. Loan access is generally straightforward but intended for those with a viable business proposal.

Loan Details

  • Min Amount: £500
  • Max Amount: £25,000
  • Min APR: 6%
  • Max APR: 6%
  • Loan Duration: Up to 5 years ⌛

Services & Industries

  • Finance Types: Unsecured Loans
  • Industries: Startups

Pros

  • Accessible for startups
  • Fixed interest rates

Cons

  • Limited to startups with viable business plans

Sources: Source

9. Close Brothers Business Finance

Close Brothers Business Finance specialises in secured lending for SMEs, offering tailored products with flexible terms and security options. It suits businesses looking for larger loan amounts with structured repayments and asset-backed lending. The provider supports multiple industry sectors with considered risk assessments and competitive conditions.

Loan Details

  • Min Amount: £20,000
  • Max Amount: £25,000,000
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: 6 to 10 years ⌛

Services & Industries

  • Finance Types: Secured Loans
  • Industries: Various

Pros

  • Large loan amounts
  • Flexible security options

Cons

  • Longer processing times

Sources: Source

10. White Oak Business Finance

White Oak Business Finance provides both secured and unsecured loans focused on supporting UK SMEs across various industries. It is well-suited for businesses requiring customised loan structures with flexible repayment options and tailored financing solutions. The lender offers competitive terms for medium to large loan amounts and diverse capital needs.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 7.5%
  • Max APR: 18.9%
  • Loan Duration: 12 months to 5 years ⌛

Services & Industries

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

Pros

  • Tailored options
  • No early repayment fees

Cons

  • Higher arrangement fees for certain loans

Sources: Source

How to choose

When securing a £360,000 secured business loan, carefully match loan size and APR to your financial capacity and business needs. Evaluate your eligibility against lender criteria and consider the trade-offs between application speed and loan flexibility. Assess the importance of collateral and how repayment schedules fit your franchise cash flow and seasonal variations. Check fees, including early repayment charges, and any eligibility or security requirements before committing. Use these factors to identify lenders that align well with your specific business goals and circumstances.

Conclusion

Choosing the right lender depends on your business type and borrowing needs. Banks generally suit established businesses seeking structured loans with clear eligibility rules. Brokers can provide access to diverse options, including specialist lenders. Specialist finance providers may offer more flexible terms and focus on particular sectors or loan types. Funding Agent is a useful resource for SMEs that want quick comparisons across multiple options. Always verify current rates and terms before applying for a secured loan around 360 thousand pounds.

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FAQs

What is a secured 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
2Nucleus Commercial FinanceNucleus Commercial Finance provides tailored business loans ranging from £3,000 to £2 million, offering both secured and unsecured options with flexible terms.£3,000–£2,000,000; 8%–18% APR; 6 months to 7 years
3iwocaiwoca offers fast, flexible business loans with amounts ranging from £1,000 to £1 million, favoring quick decisions and minimal paperwork.£1,000–£1,000,000; 1.5%–49% APR; 1 day to 24 months
4BarclaysBarclays provides a wide array of business funding solutions including secured and unsecured loans, with figures going up to £25k with flexible terms.£1,000–£25,000; 11.2%–0% APR; Up to 10 years
5Lloyds BankLloyds Bank offers comprehensive business loans with options for both small and large enterprises, providing secured loans with customized terms.£1,000–£1,000,000; 7.9%–29.9% APR; 3 to 72 months
6NatWestNatWest offers a robust selection of business loans, covering everything from small to large-scale needs with competitive interest rates and tailored packages.£1,000–£1,000,000; 8%–13% APR; Variable terms available
7Funding CircleFunding Circle is the UK's leading platform for small business loans, offering competitive fixed-rate loans up to £750k.£5,000–£750,000; 6.9%–12.25% APR; Up to 5 years
8Virgin StartUpVirgin StartUp specializes in providing entrepreneurs with start-up loans up to £25,000, offering fixed interest rates and a strong support network.£500–£25,000; 6%–6% APR; Up to 5 years
9Close Brothers Business FinanceClose Brothers provides secured loan products tailored to the needs of SMEs, combining flexibility with competitive interest terms.£20,000–£25,000,000; 6%–0% APR; 6 to 10 years
10White Oak Business FinanceWhite Oak UK specializes in providing a wide array of finance solutions including business loans up to £2 million, focused on supporting SMEs in diverse sectors.£5,000–£2,000,000; 7.5%–18.9% APR; 12 months to 5 years
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