Best Lenders to Secure a 370k 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.
Funding Agent provides a broker service focusing on fast comparisons of unsecured business finance options for UK SMEs. It is suitable for businesses seeking a straightforward application process without collateral requirements. Key features include quick eligibility checks, various finance types, and flexible repayment options.
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
Barclays offers a range of traditional bank business loans including secured and unsecured options for UK businesses. It is generally suited for franchise buyers and SMEs focused on funding expansion or start-up activities. The lender provides flexible borrowing options with varied repayment structures and collateral requirements.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Flexible borrowing options
- Available for both start-ups and expanding businesses
Cons
- Loan amounts can be limited
- Information on APR not easily accessible
NatWest delivers a suite of business lending options including fixed and variable rate loans primarily for UK businesses. It fits franchises and SMEs aiming for tailored finance solutions with flexible repayment terms. The bank allows various loan structures with potential security on assets depending on product.
Loan Details
- Min Amount: £25,001
- Max Amount: £10,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Fixed Rate Loans, Variable Rate Loans
- Industries: Various
Pros
- Large loan amounts available
- Flexible repayment options
Cons
- Lack of detailed information on APRs online
Funding Circle operates as a peer-to-peer lending platform offering unsecured loans mainly for small UK businesses. It suits franchise buyers and SMEs requiring straightforward lending with fixed terms. The platform provides relatively fast decisions and offers repayment flexibility without collateral for many cases.
Loan Details
- Min Amount: £0
- Max Amount: £750,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 1 to 5 years ⌛
Services & Industries
- Finance Types: Small Business Loans
- Industries: SMEs
Pros
- Fast loan decision
- High loan cap
Cons
- APR details not clearly defined
iwoca delivers flexible unsecured business loans with quick turnaround primarily aimed at UK SMEs. It is well suited for franchises or businesses needing short-term working capital. Features include no early repayment fees, fast decisions, and tailored loan durations with simple terms.
Loan Details
- Min Amount: £1,000
- Max Amount: £1,000,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 1 day to 24 months ⌛
Services & Industries
- Finance Types: Unsecured Business Loans
- Industries: Various
Pros
- No early repayment fees
- Fast decision
Cons
- Shorter loan duration limits
- APR not specified in detail
Metro Bank specialises in commercial and business loans tailored for UK businesses. It is appropriate for franchise buyers looking for longer-term loans with flexible terms and varying collateral requirements. Metro Bank offers personalised loan solutions to support growth and acquisitions.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 1 to 30 years ⌛
Services & Industries
- Finance Types: Commercial Loans
- Industries: Various
Pros
- Long-term loan options available
- Flexible terms
Cons
- APR details are not easily accessible online
Together Money focuses on secured lending options for UK businesses, particularly using property as security. It suits franchise buyers and SMEs seeking flexible lending with variable loan-to-value ratios. Their loans typically involve secured collateral and customised repayment terms.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Secured Business Loans
- Industries: Various
Pros
- Flexible lending criteria
- Secured against property
Cons
- APR details not readily available online
Time Finance specialises in secured business loans for UK SMEs, typically covering mid-range amounts secured on assets or property. It is suitable for borrowers seeking tailored terms and repayment plans. The provider offers flexibility with loan duration and supports various industry sectors.
Loan Details
- Min Amount: £50,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Up to 5 years ⌛
Services & Industries
- Finance Types: Secured Business Loans
- Industries: Various
Pros
- Tailored loan terms
- Supports a wide range of industries
Cons
- Loan amount limits may not cover all needs
- APR not detailed
Fleximize offers flexible business loans for UK SMEs, suitable for various financing needs including working capital and asset purchase. It combines unsecured and secured loan options aiming for adaptable funding structures. Fleximize is appropriate for borrowers needing fast access to mid-sized loans with tailored repayment schedules.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: SMEs
Pros
- Fast funding process
- Flexible loan structuring
Cons
- Loan amounts limited by revenue
- APR not specified
Close Brothers provides asset finance and secured loans designed for UK SMEs aiming to support business growth and investments. It is suitable for franchises or businesses that require bespoke financing options with security against assets. The lender offers tailored solutions emphasising long-term partnerships.
Loan Details
- Min Amount: £0
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Unknown ⌛
Services & Industries
- Finance Types: Asset Finance, Secured Loans
- Industries: Various
Pros
- Diverse financing solutions
- Tailored options for SMEs
Cons
- APR and loan terms not readily available online
How to choose
When seeking a secured business loan around £370,000, consider the lender type and your specific needs. Traditional banks often offer competitive rates for borrowers with strong credit and security. Brokers and marketplace lenders may provide faster decisions and flexible terms but with varied costs. Evaluate loan size, APR, collateral requirements, and repayment schedules. Confirm the lender's eligibility criteria and any associated fees. Balance speed and flexibility against your franchise’s cash flow and seasonal income.
Conclusion
Matching the right lender to your use case depends on your business profile and loan purpose. Banks usually suit borrowers needing larger amounts with asset security, while brokers can facilitate access to multiple lenders efficiently. Specialists may offer tailored loans for unique business situations or asset-backed financing. Funding Agent remains a practical choice for SMEs seeking quick comparisons across options. Always verify current terms and conditions before committing to a loan of around three hundred and seventy thousand pounds.