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

Discover the top lenders offering unsecured business loans up to £360,000. Learn how to secure funding without collateral and boost your business growth today.
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Best Lenders to Secure a 360k 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 360k 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 provides a platform for UK SMEs to quickly compare multiple business finance options. It is typically suited for small to medium enterprises seeking straightforward unsecured loans with clear eligibility criteria. The platform emphasises speed, simplicity, and non-collateralised lending with flexible repayment structures.

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 Bank

Barclays Bank offers a variety of bank business loans aimed at diverse business purposes including equipment purchase and expansions. This provider fits businesses seeking formal bank lending with options for secured and unsecured loans. It emphasises reliable processing times, repayment flexibility, and established banking security.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 48 hours processing ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: General businesses

Pros

  • Flexible borrowing options
  • Quick processing

Cons

  • Higher interest rates for unsecured

Sources: Source

3. HSBC UK

HSBC UK supplies business loans primarily for smaller enterprises up to mid-size commercial businesses. It targets borrowers needing flexible bank loans with representative APR rates. HSBC focuses on a range of repayment durations and options suitable for general business funding needs.

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
  • Industries: General businesses

Pros

  • Large network
  • Flexible terms

Cons

  • Higher minimal loan amounts

Sources: Source

4. Lloyds Bank

Lloyds Bank offers traditional business loans with options tailored to business growth and equipment acquisition. It is typically suitable for established businesses seeking flexible repayment plans and structured lending backed by bank service frameworks. They provide long-term loan possibilities and a range of loan products for various industries.

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, Small Business Loans
  • Industries: Various sectors

Pros

  • Long terms available
  • Comprehensive support

Cons

  • Not available for start-ups

Sources: Source

5. Santander UK

Santander UK provides flexible business loans for small and medium enterprises, focusing on tailoring financial solutions to business requirements. It is suited for businesses that require adjustable lending limits and term flexibility, typically above a certain loan amount threshold. Santander offers business loans with varying repayment and eligibility conditions.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Varies ⌛

Services & Industries

  • Finance Types: Business Loans
  • Industries: General businesses

Pros

  • Large funding options
  • Support services

Cons

  • Higher starting limit

Sources: Source

6. Funding Circle

Funding Circle operates as a peer-to-peer lending platform providing unsecured business loans for small enterprises. It suits businesses looking for higher loan amounts through non-bank lending with competitive rates. Funding Circle emphasises fast application processes and flexible lending terms devised in the peer-investment space.

Loan Details

  • Min Amount: £0
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 0%
  • Loan Duration: Terms vary ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans
  • Industries: Small businesses

Pros

  • Peer-to-peer model
  • High upper loan limit

Cons

  • Peer investment risks

Sources: Source

7. NatWest

NatWest provides a broad suite of lending options including fixed and variable rate loans. It is suited for businesses with moderate turnovers seeking flexible unsecured and secured finance options. NatWest emphasises versatility and higher loan limits within a traditional banking environment.

Loan Details

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

Services & Industries

  • Finance Types: Fixed Rate Loans, Variable Rate Loans
  • Industries: General businesses

Pros

  • High loan limits
  • Flexibility

Cons

  • Complex terms

Sources: Source

8. Metro Bank

Metro Bank delivers general business finance solutions including unsecured loans aimed at supporting growth and investment. It is suitable for businesses seeking straightforward lending with customer service focus across physical branches and digital options. Metro Bank emphasises flexible loans with variable terms suited for SME needs.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Business Loans, Unsecured Loans
  • Industries: General businesses

Pros

  • Customer service
  • Branch availability

Cons

  • Limited digital options

Sources: Source

9. Iwoca

Iwoca offers quick and flexible funding solutions tailored primarily for smaller businesses and startups. It suits borrowers seeking short-term, unsecured loans with rapid approval processes and straightforward repayment options. The provider targets SMEs requiring rapid access to funds with manageable term lengths.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £200,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 12 months ⌛

Services & Industries

  • Finance Types: Short-term Loans
  • Industries: SMEs

Pros

  • Fast approvals
  • Flexibility

Cons

  • Short repayment terms

Sources: Source

10. Aldermore Bank

Aldermore Bank specialises in business loans offering secured and unsecured options tailored to SME needs. It suits borrowers looking for personalised loan terms with flexible repayment features. Aldermore emphasises direct customer service and loans targeted at established businesses across various sectors.

Loan Details

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

Services & Industries

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

Pros

  • Strong customer service
  • Tailored solutions

Cons

  • Higher eligibility criteria

Sources: Source

How to choose

When securing a 360k unsecured business loan, consider your loan size and the APR carefully to fit your budget. Evaluate eligibility requirements to ensure you qualify for the loan products. Balance the need for speed of access against the flexibility of loan terms offered. Understand repayment obligations, fees, and whether early repayment is allowed without penalties. Thoroughly compare lenders based on their lending focus, such as banks, brokers, or peer-to-peer platforms. Always align the loan structure with your franchise’s cash flow and seasonal income patterns to maintain financial stability.

Conclusion

Choosing the right lender depends on your business needs and loan purpose. Banks often provide structured products and security options, while brokers and specialist lenders may offer quicker access or more flexible underwriting. Funding Agent is a practical choice for SMEs who want to compare multiple unsecured loan options efficiently. Matching your loan requirements with the right provider type helps optimise terms and borrowing experience. Always verify costs and terms as these can change over time.

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FAQs

What is an unsecured business loan?
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Which lenders offer unsecured business loans up to £360k?
What are the typical interest rates for unsecured 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
2Barclays BankBarclays offers a range of business loans from £1,000 upwards to support various business needs, including equipment purchase and expansion, with flexible repayment terms.£1,000–£100,000; 0%–0% APR; 48 hours processing
3HSBC UKHSBC UK offers a variety of business loans with amounts ranging from £1,000 to £25,000, with representative APR rates, for small to commercial businesses.£1,000–£25,000; 11.3%–0% APR; 12 to 120 months
4Lloyds BankLloyds Bank provides business loans to enable businesses to grow and buy new equipment with tailored repayment plans.£1,000–£1,000,000; 0%–0% APR; 1 to 25 years
5Santander UKSantander UK offers flexible business loan solutions designed to meet the needs of small to medium-sized businesses with amounts starting from £25,001.£25,001–£0; 0%–0% APR; Varies
6Funding CircleFunding Circle is a peer-to-peer lending platform offering loans up to £750,000 for small businesses, with fast application processes and competitive rates.£0–£750,000; 6.9%–0% APR; Terms vary
7NatWestNatWest provides a range of business lending options including fixed and variable rate loans for businesses with annual turnovers up to £2m.£25,001–£10,000,000; 0%–0% APR; Variable
8Metro BankMetro Bank offers business finance solutions including loans to help support business growth and investment within the UK.£5,000–£500,000; 0%–0% APR; Variable
9IwocaIwoca provides fast, flexible business funding solutions for SMEs with quick approval processes and competitive rates.£1,000–£200,000; 0%–0% APR; Up to 12 months
10Aldermore BankAldermore Bank specializes in providing business loans to help SMEs achieve their goals with access to personalized loan options and flexible terms.£25,000–£1,000,000; 0%–0% APR; Up to 5 years
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