April 14, 2026
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Best Lenders to Secure a 370k Business Line of Credit

Discover the best lenders offering business lines of credit up to £370,000. Find competitive rates, flexible terms, and simple application processes to boost your business growth.
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Best Lenders to Secure a 370k Business Line of Credit
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 370k Business Line of Credit

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 brokered platform focusing on unsecured business finance for UK SMEs. It is typically suited to businesses looking for quick access to a range of lending options with straightforward application and eligibility checks. Funding Agent emphasises speed, simplicity, and transparent terms without the need for 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. Funding Circle

Funding Circle specialises in small business loans, delivering straightforward, term-based lending for UK SMEs. It is suitable for borrowers who need structured funding with fixed repayments and value fast decision-making. The lender generally requires eligibility criteria to be met and offers loans that do not require property security.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 14.9%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Small business loans, Asset finance
  • Industries: Manufacturing, Healthcare, Hospitality

Pros

  • Fast decision in as little as 1 hour
  • No early repayment fees

Cons

  • High eligibility criteria

Sources: Source

3. Iwoca

Iwoca focuses on providing flexible unsecured loans and credit lines for businesses needing adaptable finance solutions. This provider suits SMEs requiring fast funding with options based on borrower profile and repayment flexibility. Iwoca supports quick access without property security, accommodating a range of loan durations.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 3.9%
  • Max APR: 38%
  • Loan Duration: 1 day to 24 months ⌛

Services & Industries

  • Finance Types: Unsecured loans, Line of credit
  • Industries: Retail, Wholesale, Professional Services

Pros

  • Flexible terms
  • No early repayment fees

Cons

  • Higher rates for lower credit scores

Sources: Source

4. Capify

Capify offers quick-access, flexible loans and merchant cash advances designed primarily for businesses needing fast funding. It is well-suited for SMEs that can manage short-term repayments and want flexible loan terms without requiring traditional collateral. Capify emphasises speed and adaptability in lending.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 12%
  • Max APR: 39%
  • Loan Duration: 3 to 24 months ⌛

Services & Industries

  • Finance Types: Small business loans, Merchant cash advances
  • Industries: Hospitality, Retail, Transportation

Pros

  • Fast funding
  • Flexible repayments

Cons

  • Higher interest for merchant advances

Sources: Source

5. Fleximize

Fleximize provides tailor-made unsecured and secured loans aiming to address varied borrower requirements. Suitable for businesses seeking longer-term funding with flexible repayment plans, it offers options fitting different risk profiles. Fleximize typically evaluates borrower needs to offer a personalised lending solution.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 9%
  • Max APR: 36%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured business loans, Secured business loans
  • Industries: Real Estate, Automotive, Food & Beverage

Pros

  • Award-winning customer service
  • Flexible terms

Cons

  • Stricter credit requirements

Sources: Source

6. HSBC

HSBC is a traditional bank offering a variety of small and medium business loans with structured repayment plans. The provider suits borrowers seeking established banking relationships and longer loan terms, with options that may include secured and unsecured lending. HSBC offers comprehensive financial support across multiple industries.

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 loans
  • Industries: Finance, Energy, Agriculture

Pros

  • Worldwide presence
  • Comprehensive financial services

Cons

  • Higher APR for small amounts

Sources: Source

7. Barclays

Barclays delivers a variety of tailored financial products including unsecured and green business loans. It is typically suited for businesses looking for diverse funding options with flexible repayment structures. Barclays serves a broad range of sectors and supports borrowers with fast processing and expertise.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 3.2%
  • Max APR: 15%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured loans, Green business loans
  • Industries: Education, Healthcare, Media

Pros

  • Fast processing
  • Diverse loan options

Cons

  • Stringent eligibility criteria

Sources: Source

8. White Oak UK

White Oak UK is a specialist lender focusing on higher-value SME loans with flexible terms across sectors. It suits borrowers requiring larger funds with options tailored to various short- to medium-term needs. This provider offers funding solutions including invoice finance and business loans with varied collateral requirements.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 8.5%
  • Max APR: 28%
  • Loan Duration: 1 to 48 months ⌛

Services & Industries

  • Finance Types: Business loans, Invoice finance
  • Industries: Construction, Logistics, Manufacturing

Pros

  • Large loan amounts
  • Quick access to funds

Cons

  • Higher costs for short-term loans

Sources: Source

9. Novuna

Novuna provides specialised business financing often tailored by sector and borrower needs. Its offerings suit businesses seeking flexible, innovative funding with assorted repayment and security structures. Novuna supports a variety of industries with adaptable loan terms to meet operational or growth demands.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £1,000,000
  • Min APR: 6.5%
  • Max APR: 30%
  • Loan Duration: 6 to 36 months ⌛

Services & Industries

  • Finance Types: Flexible business loans, Asset finance
  • Industries: Technology, Retail, Logistics

Pros

  • Customizable loans
  • Speedy approval

Cons

  • Availability subject to credit status

Sources: Source

10. Lloyds Bank

Lloyds Bank offers a wide array of business loans and commercial mortgages, suitable for new and existing clients. It is generally best for franchises or businesses with established banking relationships needing structured, often secured financing. Lloyds features longer-term products with various repayment schedules designed to support business expansion.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 4.5%
  • Max APR: 0%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

  • Finance Types: Business loans, Commercial mortgages
  • Industries: Hospitality, Manufacturing, Retail

Pros

  • Wide range of loan services
  • Strong banking network

Cons

  • Longer application process

Sources: Source

How to choose

Choosing the right lender for securing a 370k business line of credit involves matching your finance needs with provider strengths. Assess loan size, APR, and repayment schedules to ensure affordability within your cash flow. Evaluate eligibility criteria, collateral requirements, and application speed to find the best fit. Consider whether you need flexibility in repayment or prefer fixed terms. Factor in the types of loans offered, such as unsecured lines or secured products, depending on your business profile. Review fees and early repayment terms to avoid surprises after approval.

Conclusion

When considering a 370 thousand pounds loan, matching the lender to your specific use case is key. Traditional banks like HSBC and Lloyds Bank offer structured, often secured loans suitable for established businesses. Brokers such as Funding Agent provide access to multiple unsecured options with faster decisions. Specialist lenders and fintechs, including Iwoca and Capify, tend to offer more flexible, short-term credit solutions. Funding Agent remains useful for SMEs seeking a broad comparison of loan options from various providers. Always verify terms and suitability carefully before proceeding.

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FAQs

What is a business line of credit?
How can I qualify for a £370,000 business line of credit?
Which lenders offer the best rates for a business line of credit of this size?
What are the typical terms and repayment options for a business line of credit?
Are there any fees associated with securing a business line of credit?
How quickly can I access funds once approved?

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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
2Funding CircleFunding Circle is the UK's leading platform for small business loans, offering loans up to £750k with quick decisions.£10,000–£750,000; 6.9%–14.9% APR; 6 to 60 months
3IwocaIwoca provides flexible, quick business loans from £1,000 to £1,000,000.£1,000–£1,000,000; 3.9%–38% APR; 1 day to 24 months
4CapifyCapify offers fast and flexible business loans up to £1,000,000 with same-day funding available.£5,000–£1,000,000; 12%–39% APR; 3 to 24 months
5FleximizeFleximize provides award-winning business loans of up to £500,000 with products built around borrower needs.£10,000–£500,000; 9%–36% APR; 1 to 60 months
6HSBCHSBC offers a range of business loans from £1,000 to £25,000 with flexible terms to support business growth.£1,000–£25,000; 11.3%–0% APR; 12 to 120 months
7BarclaysBarclays provides a wide range of financial products including business loans tailored to meet specific business needs.£1,000–£100,000; 3.2%–15% APR; 1 to 60 months
8White Oak UKWhite Oak UK is a specialized SME finance provider offering a range of funding solutions including business loans up to £2,000,000.£5,000–£2,000,000; 8.5%–28% APR; 1 to 48 months
9NovunaNovuna offers innovative business financing options tailored to meet the needs of various sectors.£10,000–£1,000,000; 6.5%–30% APR; 6 to 36 months
10Lloyds BankLloyds Bank offers a variety of business loans for new and existing clients designed to help finance business operations and expansion.£1,000–£1,000,000; 4.5%–0% APR; 1 to 25 years
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