Best Lenders to Secure a 370k 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.
Funding Agent focuses on providing a streamlined platform for UK SMEs to access various business finance options quickly. It is typically suitable for businesses seeking unsecured finance with clear terms. The service emphasises speed, straightforward eligibility checks, and a simple application process.
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 Bank provides a comprehensive suite of bank business loans, including secured and unsecured options. It typically suits established businesses and franchise buyers looking for tailored finance solutions. The bank focuses on flexibility in loan structures and accessibility through traditional banking channels.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Up to 10 years ⌛
Services & Industries
- Finance Types: Unsecured Loans, Secured Loans
- Industries: All
Pros
- Fast processing
- Wide range of loan options
Cons
- Strict eligibility criteria
HSBC UK specialises in tailored business loans for a broad range of enterprises, from small to large. This provider suits businesses needing flexible repayment and competitive rates. HSBC leverages its global presence to offer various repayment types and loan options adaptable to different needs.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 11.3%
- Max APR: 0%
- Loan Duration: 12 to 120 months ⌛
Services & Industries
- Finance Types: Business Loans, Commercial Loans
- Industries: All
Pros
- Global bank with extensive resources
- Flexible loan options
Lloyds Bank offers business loans geared toward growth and equipment investment. It is generally suited for existing customers seeking longer repayment terms and reliable banking services. Lloyds provides flexible loan durations and access via traditional banking infrastructure.
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: Business Loans
- Industries: All
Pros
- Longer repayment terms available
- Wide array of banking services
Cons
- Only for existing customers
5. Santander UK
Santander UK delivers flexible business loans aimed at meeting diverse financial requirements across business sizes. It is suitable for companies looking for adaptable terms and customer support. Santander emphasises loan term flexibility and broad industry access.
Loan Details
- Min Amount: £25,001
- Max Amount: £0
- Min APR: 0%
- Max APR: 0%
- Loan Duration: Flexible ⌛
Services & Industries
- Finance Types: Business Loans
- Industries: All
Pros
- Flexibility in loan terms
- Strong customer support
Cons
- Higher minimum loan amount
Funding Circle is a digital lending platform focused on unsecured loans for small businesses. It suits those seeking rapid loan decisions and transparent terms. Funding Circle offers flexible loan durations and a straightforward application process without requiring collateral.
Loan Details
- Min Amount: £5,000
- Max Amount: £750,000
- Min APR: 0%
- Max APR: 6.9%
- Loan Duration: 1 to 5 years ⌛
Services & Industries
- Finance Types: Unsecured Loans
- Industries: All
Pros
- Fast access to funds
- No early repayment fees
iwoca provides flexible unsecured loans for small UK businesses, with quick approvals and variable amounts. It tends to suit companies seeking short-term finance with scalable borrowing capacity. iwoca offers adaptable repayment schedules and ease of access through an online platform.
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 Loans
- Industries: All
Pros
- Flexible repayment terms
- Scalable loan amounts
Metro Bank delivers commercial loans with flexible terms and customer service tailored to business needs. Its offerings suit entities valuing personal banking relationships and loan customisation. Metro Bank emphasises accessible loan structures and traditional branch support.
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: All
Pros
- Customer focused services
- Flexible loan durations
Cons
- Branch-based services may be required
NatWest offers a range of business finance solutions including fixed and variable rate loans. It is suited for businesses needing flexible financing options and competitive rates. NatWest focuses on comprehensive coverage across loan types with an emphasis on meeting varying business requirements.
Loan Details
- Min Amount: £25,000
- 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: All
Pros
- Comprehensive range of finance options
- No early repayment fees
Cons
- Strict eligibility criteria
Fleximize specialises in unsecured loans for SMEs with rapid approval and flexible repayment options. It is suitable for businesses looking for straightforward financing with adaptable terms. Fleximize emphasises ease of access and no early repayment penalties, catering to varied business needs.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 0.9%
- Max APR: 0%
- Loan Duration: 6 to 60 months ⌛
Services & Industries
- Finance Types: Unsecured Loans
- Industries: All
Pros
- Flexible terms
- No early repayment penalties
Cons
- Higher APR for longer terms
How to choose
When securing a 370k unsecured business loan, consider lenders that offer suitable loan sizes and transparent APRs for your budget. Evaluate eligibility carefully to ensure you meet criteria, and weigh the trade-off between application speed and loan flexibility. Assess how repayment terms align with your franchise cash flow and seasonal variations. Review fee structures and check for early repayment penalties. Choose providers offering clear terms and appropriate support for your business type.
Conclusion
Matching lender type to business needs is key for a 370 thousand pounds loan. Banks typically provide structured loans with traditional criteria, brokers allow comparison of multiple options, and specialist lenders may offer niche products or faster decisions. Funding Agent is a useful resource for comparing offers quickly. Always confirm current terms and costs before proceeding.
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