April 14, 2026
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Best Lenders to Secure a 370k Short Term Business Loan

Discover the best UK lenders offering short term business loans of £370,000. Compare rates, terms, and requirements to secure funding quickly and easily.
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Best Lenders to Secure a 370k Short Term 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 370k Short Term 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 brokering various business finance options for UK SMEs. It typically suits businesses that need fast comparison and quick eligibility matches for short-term or medium-term loans. The service emphasises speed, flexibility in finance types, and unsecured lending without collateral requirements.

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 offers a range of business loan products targeting UK SMEs, with particular focus on growth support. It is generally suitable for businesses seeking flexible secured or unsecured loans. The lender provides options that balance loan term flexibility with varied finance types and brokered access.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 3 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loan, Secured Business Loan
  • Industries: Various sectors

Pros

  • Rapid decision process
  • Flexible loan terms

Cons

  • Possible higher interest rates for unsecured loans

Sources: Source Source

3. iwoca

iwoca specialises in flexible short-term business finance in the UK. It typically suits small businesses requiring quick unsecured loans with simple terms and no early repayment penalties. Speed and accessibility are key features, with finance intended for diverse business needs.

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 Loan
  • Industries: Small Businesses

Pros

  • No early repayment fees
  • Quick decision

Cons

  • Shorter loan terms might not suit all businesses

Sources: Source Source

4. Barclays

Barclays offers a broad range of business loans for UK companies, including secured and unsecured options. Its products are suitable for established businesses seeking predictable terms supported by a traditional bank. Barclays provides comprehensive services that include flexible repayment structures and thorough credit assessments.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible terms ⌛

Services & Industries

  • Finance Types: Unsecured Business Loan, Secured Business Loan
  • Industries: Various sectors

Pros

  • Established and reliable bank
  • Comprehensive support services

Cons

  • Stringent credit checks

Sources: Source

5. Lloyds Bank

Lloyds Bank provides business loans designed for UK companies aiming to expand or invest over longer terms. Its products fit businesses prioritising stable loan terms with potential for longer repayment periods. Lloyds offers both small and larger loans, accommodating different needs with traditional bank reliability.

Loan Details

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

Services & Industries

  • Finance Types: Small Business Loan, Unsecured Loan
  • Industries: Small Businesses

Pros

  • Long loan terms available

Cons

  • Loan amounts capped for online applications

Sources: Source

6. NatWest

NatWest offers a variety of loan products with fixed and variable rate options tailored for UK businesses. The lender suits firms needing adaptable loan terms and potentially higher loan amounts. NatWest emphasises flexible repayment structures and access to diverse finance types across industries.

Loan Details

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

Services & Industries

  • Finance Types: Fixed Rate Loan, Variable Rate Loan
  • Industries: Various industries

Pros

  • No early repayment fees
  • High loan amounts available

Cons

  • Higher barriers for non-existing customers

Sources: Source

7. Funding Circle

Funding Circle specialises in small business loans via an online platform for UK SMEs. It is suitable for businesses seeking unsecured loans with competitive rates and relatively fast decisions. The provider offers transparent lending focused on straightforward repayment plans over moderate terms.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £750,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loan
  • Industries: Small and Medium Enterprises (SMEs)

Pros

  • Fast processing times
  • High customer satisfaction

Cons

  • Focus on smaller loans

Sources: Source

8. Virgin StartUp

Virgin StartUp provides start-up loans aimed at UK entrepreneurs and new businesses. It is best suited to early-stage companies requiring funds with fixed interest rates and additional mentoring services. The loans come with straightforward terms and focus on supporting startups.

Loan Details

  • Min Amount: £500
  • Max Amount: £25,000
  • Min APR: 6%
  • Max APR: 6%
  • Loan Duration: 1 to 5 years ⌛

Services & Industries

  • Finance Types: Startup Loan
  • Industries: Startups

Pros

  • Fixed low interest rate
  • Mentoring available

Cons

  • Loan amounts limited compared to others

Sources: Source

9. HSBC UK

HSBC UK offers diverse business loans and financial services for UK companies. It typically suits businesses looking for established banking support with flexible repayment options. The provider focuses on comprehensive product offerings and customised loan arrangements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Flexible terms ⌛

Services & Industries

  • Finance Types: Commercial Loan, Small Business Loan
  • Industries: Various industries

Pros

  • Global banking support
  • Wide range of services

Cons

  • Complex application processes

Sources: Source

10. Santander UK

Santander UK provides business loans with flexible options for UK companies, including secured and unsecured lending. It suits businesses needing tailored financing aligned with their growth, expansion, or working capital requirements. Santander emphasises personalised service and flexible lending criteria.

Loan Details

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

Services & Industries

  • Finance Types: Secured Business Loan, Unsecured Business Loan
  • Industries: Various sectors

Pros

  • Flexible lending criteria
  • Personalized service

Cons

  • Limited online resources

Sources: Source

How to choose

When seeking to secure a 370k short term business loan, consider your business size, financial needs, and loan purpose. Evaluate lenders based on their loan amount ranges, APRs, and term lengths. Speed is crucial for short-term loans, but balance that with flexibility and repayment options. Check eligibility criteria and whether collateral is needed. Also, review fees and early repayment conditions carefully before proceeding with an application.

Conclusion

Choosing the right lender depends on your business needs and loan purpose. Banks offer established products ideal for longer terms and secured loans, while brokers like Funding Agent provide fast access to multiple options suitable for SMEs needing speed and flexibility. Specialist lenders cover niche or start-up financing. Understanding your requirements helps match you to lenders best suited for a 370 thousand pounds loan. Always verify current terms directly with providers before committing.

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FAQs

What is a short term business loan?
How can I qualify for a £370k short term business loan?
Which lenders offer short term business loans in the UK?
What are the typical interest rates for short term business loans?
How quickly can I get a short term business loan for £370k?
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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 a variety of funding solutions for UK SMEs, including flexible business loans ranging from £3,000 to £2 million, designed to support business growth.£3,000–£2,000,000; 0%–0% APR; 3 to 60 months
3iwocaiwoca offers flexible business finance solutions, providing short-term business loans from £1,000 to £1 million for a variety of business needs in the UK market.£1,000–£1,000,000; 0%–0% APR; 1 day to 24 months
4BarclaysBarclays provides a range of business loans and financial products to support UK businesses, offering both secured and unsecured options.£1,000–£100,000; 0%–0% APR; Flexible terms
5Lloyds BankLloyds Bank offers business loans for UK businesses to help them expand or invest, with amounts starting from £1,000 and terms up to 25 years.£1,000–£0; 0%–0% APR; 1 to 25 years
6NatWestNatWest provides a variety of business loans to UK businesses with options for fixed and variable rates, helping businesses achieve their financial goals.£25,001–£10,000,000; 0%–0% APR; Variable terms
7Funding CircleFunding Circle is the UK's leading platform for small business loans, facilitating loans up to £750,000 with competitive rates and a quick decision-making process.£5,000–£750,000; 0%–0% APR; 6 to 60 months
8Virgin StartUpVirgin StartUp offers startup loans to UK entrepreneurs, providing funding along with business advice to help build successful businesses.£500–£25,000; 6%–6% APR; 1 to 5 years
9HSBC UKHSBC offers a wide range of financial products, including business loans tailored to the needs of UK businesses, with flexible terms and competitive rates.£1,000–£0; 0%–0% APR; Flexible terms
10Santander UKSantander provides business loans designed for UK companies to assist with expansion, asset purchase, or working capital, with tailored solutions to meet specific needs.£5,000–£0; 0%–0% APR; Variable terms
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