Best Lenders to Secure a 380k Revolving Credit 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 operates as a broker platform focusing on quick comparison of business finance options for UK SMEs. It is suitable for franchise buyers and operators seeking a range of unsecured loans with straightforward application processes. The service emphasises speed, eligibility matching, and flexible financing options without requiring 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
Barclays provides traditional bank business loans and financing solutions aimed at UK businesses. It typically suits borrowers looking for secured and unsecured loans with varying repayment terms. Barclays offers established support with various loan products, generally involving thorough credit assessments and collateral considerations.
Loan Details
- Min Amount: £1,000
- Max Amount: £100,000
- Min APR: 4.9%
- Max APR: 19.9%
- Loan Duration: 1 to 5 years ⌛
Services & Industries
- Finance Types: Business Loans, Overdraft, Commercial Mortgage
- Industries: Various
Pros
- Wide range of loan products
- Established bank with extensive experience
Cons
- Stricter eligibility criteria
3. Bank of Scotland
Bank of Scotland focuses on tailored secured and unsecured business loans for small to medium enterprises in the UK. It is suitable for businesses seeking flexible loan options often backed by asset security. Loan products generally feature competitive rates and terms backed by established financial expertise.
Loan Details
- Min Amount: £1,000
- Max Amount: £50,000
- Min APR: 3.4%
- Max APR: 15.9%
- Loan Duration: 1 to 10 years ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Competitive interest rates
- Government-backed schemes available
Cons
- Limited to existing customers
Yorkshire Bank offers a broad range of loan products aimed at supporting cash flow and growth for UK businesses. It is suitable for borrowers requiring flexible financing options with standard security requirements. The lender provides competitive loan terms with options tailored to business needs.
Loan Details
- Min Amount: £10,000
- Max Amount: £150,000
- Min APR: 5.9%
- Max APR: 18.4%
- Loan Duration: 12 to 60 months ⌛
Services & Industries
- Finance Types: Business Loans, Invoice Finance
- Industries: Various
Pros
- No arrangement fees
- Various finance options
Cons
- Higher interest rates for smaller loans
Paragon Bank specialises in asset and structured finance primarily for UK SMEs requiring higher loan amounts. It suits borrowers looking for secured lending with potentially longer repayment terms. Paragon Bank typically focuses on structured lending solutions that balance security and flexibility.
Loan Details
- Min Amount: £100,000
- Max Amount: £5,000,000
- Min APR: 4%
- Max APR: 16.5%
- Loan Duration: 6 to 120 months ⌛
Services & Industries
- Finance Types: Asset Finance, Business Loans
- Industries: Various
Pros
- High loan amount offers
- Specialist lending options
Nucleus Commercial Finance offers flexible business loans designed for UK SMEs needing tailored finance solutions. Loans are available with secured or unsecured options, suited for a variety of business needs. The provider emphasises flexible terms and rapid decision-making to support business cash flow.
Loan Details
- Min Amount: £3,000
- Max Amount: £2,000,000
- Min APR: 6.5%
- Max APR: 21.5%
- Loan Duration: 3 to 84 months ⌛
Services & Industries
- Finance Types: Business Loans, Secured Loans, Unsecured Loans
- Industries: Various
Pros
- Rapid decision making
- Flexible loan terms
Cons
- Higher interest for unsecured loans
iwoca provides quick and accessible unsecured business loans catering to small UK businesses. It is suitable for those needing fast capital with flexible repayment options. The lender offers a straightforward application process emphasizing speed and flexibility without collateral requirements.
Loan Details
- Min Amount: £1,000
- Max Amount: £1,000,000
- Min APR: 3.9%
- Max APR: 22.1%
- Loan Duration: 1 day to 24 months ⌛
Services & Industries
- Finance Types: Business Loans, Working Capital Loans
- Industries: Various
Pros
- Quick access to funds
- No early repayment fees
Lloyds Bank offers a variety of business loans including those for equipment purchase and expansion projects. It suits UK SMEs seeking well-structured repayment plans and a range of secured and unsecured products. The bank emphasises long-term financing options with established loan servicing.
Loan Details
- Min Amount: £1,000
- Max Amount: £1,000,000
- Min APR: 4.2%
- Max APR: 18.7%
- Loan Duration: 1 to 25 years ⌛
Services & Industries
- Finance Types: Business Loans, Overdraft, Asset Finance
- Industries: Various
Pros
- Long repayment periods
- Established bank
Cons
- Complex application process
NatWest delivers a comprehensive range of fixed and variable rate business loans to meet the needs of diverse UK companies. It is fit for franchise buyers who require flexible repayment terms and varied loan amounts. The lender typically applies rigorous credit checks and offers government-backed scheme options.
Loan Details
- Min Amount: £1,000
- Max Amount: £10,000,000
- Min APR: 3.7%
- Max APR: 20%
- Loan Duration: 1 to 25 years ⌛
Services & Industries
- Finance Types: Fixed Rate Loans, Variable Rate Loans
- Industries: Various
Pros
- Diverse loan products
- Government schemes available
Cons
- Stricter borrowing criteria
Funding Circle is a peer-to-peer lending platform offering fixed-rate business loans to small UK businesses. It suits franchise operators who prefer transparent, affordable financing without traditional bank requirements. The platform emphasises fast application processing and consistent pricing structures.
Loan Details
- Min Amount: £10,000
- Max Amount: £750,000
- Min APR: 6.9%
- Max APR: 23.9%
- Loan Duration: 6 to 60 months ⌛
Services & Industries
- Finance Types: Fixed Rate Business Loans
- Industries: Various
Pros
- Fast application process
- Transparent pricing
Cons
- Higher rates for lower loan amounts
How to choose
When securing a 380k revolving credit loan, consider your business size, need for speed, and security requirements. Match loan amounts and APRs to your budget and expected cash flow. Evaluate eligibility criteria carefully, as some lenders require collateral or have strict credit standards. Balance speed of approval against flexibility in repayment and loan terms. Consider whether brokered access or direct bank lending better suits your business. Always review fees, early repayment terms, and loan conditions before committing.
Conclusion
Choosing the right lender depends on your financing needs and risk tolerance. Banks offer established products with stringent criteria and may suit property-backed or expansion loans. Brokers like Funding Agent provide fast access to multiple options without collateral. Specialist lenders deliver tailored finance, often for asset-based needs or larger amounts. Assess all factors carefully when seeking a 380 thousand pounds loan to secure the best fit.
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