April 14, 2026
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Best Lenders to Secure a 370k Working Capital Loan

Discover the best lenders to secure a £370,000 working capital loan. Compare options and find the right fit for your business needs quickly and easily.
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Best Lenders to Secure a 370k Working Capital Loan
Abdus-Samad Charles
Finance Writer

Abdus-Samad Charles is a finance writer and the Head of Content at Funding Agent, with four years’ experience creating practical, easy-to-follow, SEO-informed guidance for UK small and medium-sized businesses. He specialises in turning complex funding topics, like eligibility criteria, documentation requirements, approval timelines, and lender expectations, into clear, research-led resources that are easy to find and help business owners make confident, informed decisions.

Best Lenders to Secure a 370k Working Capital 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 operates as a broker platform focused on helping UK SMEs find suitable business finance options quickly. It is typically suitable for those seeking unsecured working capital loans without extensive collateral requirements. The service emphasises fast eligibility checks and a straightforward application process to provide borrowers with flexible 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

Sources: Funding Agent

2. Funding Circle

Funding Circle provides direct business loans primarily focused on small and medium UK enterprises. It is generally suited to borrowers that require relatively fast access to affordable unsecured loans with fixed repayment terms. The platform offers a transparent lending process with no early repayment penalties and clear eligibility criteria.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 24.9%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Small Business Loan, Working Capital Loan, Startup Finance
  • Industries: Technology, Healthcare, Retail

Pros

  • Quick decision
  • No early repayment fees

Cons

  • Strict lending criteria

Sources: Source

3. White Oak UK

White Oak UK focuses on SME finance solutions with a range that includes invoice, tax, and development finance loans. This lender suits businesses looking for specialist financing without necessarily requiring traditional collateral. Borrowers benefit from flexible loan durations and options for working capital support within regulated frameworks.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 1 to 72 months ⌛

Services & Industries

  • Finance Types: Business Development Loan, Working Capital Loan
  • Industries: SME, Construction, Retail

Pros

  • Wide range of funding options
  • Fast funding

Cons

  • Higher rates for unsecured loans

Sources: Source

4. Lloyds Bank

Lloyds Bank offers traditional bank lending with a focus on larger loan amounts and longer terms. It is suitable for businesses requiring secured or unsecured loans with flexible repayment schedules. Lloyds provides business loans that can accommodate growth finance needs, with formal application processes and industry-specific lending expertise.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 6%
  • Max APR: 11.2%
  • Loan Duration: 1 to 300 months ⌛

Services & Industries

  • Finance Types: Commercial Loan, Asset Finance, Growth Finance
  • Industries: Finance, Retail, Manufacturing

Pros

  • Large loan amounts
  • Long-term finance

Cons

  • Stringent application process

Sources: Source

5. HSBC UK

HSBC UK provides a selection of business loans aimed at small businesses looking to expand or manage cash flow. It is appropriate for borrowers who prefer working with established banking institutions offering structured loan products. The loans typically feature fixed APR and service options suited to predictable repayment plans.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.3%
  • Max APR: 11.3%
  • Loan Duration: 12 to 120 months ⌛

Services & Industries

  • Finance Types: Small Business Loan, Commercial Loan
  • Industries: Healthcare, Retail, Hospitality

Pros

  • Solid financial backing
  • Wide range of services

Cons

  • Not suitable for small loans
  • Relatively high APR

Sources: Source

6. Novuna

Novuna specialises in innovative financial products catering to various business needs including asset and invoice finance. It is suited to businesses seeking flexible loan options with competitive rates and possible tailored repayments. Novuna may suit borrowers who value alternative finance solutions beyond traditional bank loans.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £500,000
  • Min APR: 7.5%
  • Max APR: 0%
  • Loan Duration: 12 to 84 months ⌛

Services & Industries

  • Finance Types: Business Loan, Asset Finance, Invoice Finance
  • Industries: Retail, Construction, Manufacturing

Pros

  • Flexible repayment options
  • Competitive rates

Cons

  • Limited maximum loans

Sources: Source

7. Johnson Reed

Johnson Reed delivers rapid decision business loans to UK SMEs with flexible funding structures and fast access to capital. It tends to serve borrowers who need a quick turnaround and adaptable repayment options. This lender is generally suitable for franchises and startups requiring business loans without extended delays.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 3%
  • Max APR: 0%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Loan, Startup Loan, Business Loan
  • Industries: Franchises, Retail, Gyms

Pros

  • Fast approval
  • Tailored terms

Cons

  • Higher APR for long terms

Sources: Source

8. Time Finance

Time Finance provides secured business loans with flexible terms tailored for UK SMEs that require property-backed finance. It is appropriate for borrowers looking to secure working capital through asset-based lending. The lender offers customised solutions with an emphasis on flexible repayment and tailored loan structures.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 14.9%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Secured Loan, Working Capital Loan
  • Industries: Manufacturing, Healthcare, Retail

Pros

  • Tailored solutions
  • No early repayment fees

Cons

  • Strict lending terms

Sources: Source

9. Santander UK

Santander UK provides business loans with variable terms focusing on flexibility and meeting UK SME needs. It is suitable for businesses preferring a combination of repayment options and loan structures that adapt over time. Santander offers a range of loans including fixed rate and working capital loans with varied loan sizes.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £500,000
  • Min APR: 7.9%
  • Max APR: 23.7%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Business Loan, Fixed Rate Loan
  • Industries: Retail, Manufacturing, Transport

Pros

  • Flexible loan amounts
  • Reliable service

Cons

  • APR can be high

Sources: Source

10. NatWest UK

NatWest UK offers a variety of business financing options with secured and unsecured loan products tailored for growing UK businesses. It is ideal for those seeking flexible loan terms and a comprehensive range of support services. NatWest’s loans accommodate different industry needs with an emphasis on structured repayments and tailored solutions.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £500,000
  • Min APR: 8%
  • Max APR: 13%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Retail, Services, Technology

Pros

  • Comprehensive support
  • Flexible terms

Cons

  • Potentially high APRs

Sources: Source

How to choose

When securing a 370k working capital loan, carefully weigh the loan size against APR to suit your budget and business cash flow. Check lender eligibility requirements and consider how quickly funds are needed versus the flexibility of terms offered. Determine whether secured or unsecured loans better fit your collateral preferences and risk tolerance. Reviewing the lender’s fees and early repayment conditions is essential to avoid unexpected costs. Finally, ensure the repayment schedule aligns with your franchise’s seasonality and revenue cycles for smoother financial management.

Conclusion

Choosing the right lender depends on your specific financing needs. Banks typically provide structured, longer-term loans with formal processes, suitable for established businesses. Brokers offer access to a broad range of options and may favor speed and flexibility. Specialist lenders often focus on niche financing solutions or asset-backed loans. Funding Agent remains a useful resource for SMEs seeking quick comparison across multiple loan options. Aligning lender type with your business use case ensures a more suitable and manageable financing arrangement for a 370 thousand pounds loan.

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FAQs

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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 a leading platform offering fast, affordable business loans up to £750,000 for SMEs in the UK.£5,000–£750,000; 6.9%–24.9% APR; 1 to 60 months
3White Oak UKWhite Oak UK provides SME business finance solutions including business loans for tax, invoice finance, and development finance.£5,000–£2,000,000; 0%–0% APR; 1 to 72 months
4Lloyds BankLloyds Bank offers flexible business loans from £1,000 up to £1 million for UK businesses, with terms up to 25 years.£1,000–£1,000,000; 6%–11.2% APR; 1 to 300 months
5HSBC UKHSBC UK offers a variety of business loans designed to help small businesses grow, with services tailored to business needs.£1,000–£25,000; 11.3%–11.3% APR; 12 to 120 months
6NovunaNovuna provides innovative financial solutions for businesses, offering business loans starting from £10,000.£10,000–£500,000; 7.5%–0% APR; 12 to 84 months
7Johnson ReedJohnson Reed offers quick approval business loans to UK SMEs with flexible terms and funding options available within 24 hours.£5,000–£500,000; 3%–0% APR; 12 to 60 months
8Time FinanceTime Finance offers flexible secured business loans ranging from £50,000 to £500,000 for UK SMEs, with tailored funding solutions.£50,000–£500,000; 0%–14.9% APR; 12 to 60 months
9Santander UKSantander offers business loans with flexible terms tailored to meet the needs of UK SMEs, including loans up to £25,000.£25,001–£500,000; 7.9%–23.7% APR; 12 to 60 months
10NatWest UKNatWest provides a range of business financing options including secured and unsecured loans up to £500,000, tailored to support UK businesses.£1,000–£500,000; 8%–13% APR; 12 to 60 months
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