April 14, 2026
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Best Lenders to Secure a 380k Secured Business Loan

Discover the best lenders to secure a £380,000 secured business loan. Compare rates, terms, and requirements to find the right financing solution for your business needs.
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Best Lenders to Secure a 380k Secured Business Loan
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

Best Lenders to Secure a 380k 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.

1. Funding Agent

Funding Agent provides a brokered platform focusing on unsecured business loans and working capital solutions. It is suitable for UK SMEs seeking fast access to multiple finance options via a straightforward application. The service emphasises speed, simplified eligibility checks, and loans 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. OakNorth Bank

OakNorth Bank offers traditional bank business loans focusing on secured lending for large sums. It serves businesses requiring substantial financing, often in sectors with growth potential. The lender provides tailored loan terms with flexible repayment options and consideration of security and loan-to-value ratios.

Loan Details

  • Min Amount: £1,000,000
  • Max Amount: £0
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Secured Business Loans
  • Industries: Various Sectors

Pros

  • Lends large amounts
  • Fast approval process

Cons

  • High minimum loan amount

Sources: Source

3. Capify

Capify specialises in providing flexible and fast-access business loans aimed at SMEs. It typically suits businesses seeking adaptable repayment schedules and unsecured lending options. Loans may be used to support a variety of business needs without extensive collateral requirements.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Varies ⌛

Services & Industries

  • Finance Types: Small Business Loans
  • Industries: SME Sector

Pros

  • Quick application process
  • Flexible repayments

Cons

  • Limited to SMEs

Sources: Source

4. Close Brothers Business Finance

Close Brothers Business Finance provides specialised funding solutions including invoice and asset-based finance. It is often suitable for SMEs looking for tailored products secured against assets. The lender focuses on flexible terms and diverse financing to meet different business needs.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 6%
  • Max APR: 0%
  • Loan Duration: Varies ⌛

Services & Industries

  • Finance Types: Asset Finance, Invoice Finance
  • Industries: SME Sector

Pros

  • Strong SME focus
  • Diverse funding solutions

Cons

  • Information on secured loans is limited

Sources: Source

5. Barclays Bank

Barclays Bank is a traditional bank lender offering both secured and unsecured business loans. It suits business owners seeking a broad range of funding options with established banking relationships. Terms often include flexible tenors and options aligned to business growth requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 10 years ⌛

Services & Industries

  • Finance Types: Secured Business Loans, Unsecured Business Loans
  • Industries: General Business

Pros

  • Wide range of loan options
  • Established financial institution

Cons

  • Application process can be lengthy

Sources: Source

6. NatWest Bank

NatWest Bank offers fixed and variable rate business loans designed to support small and medium enterprises. It is typically suitable for businesses with established banking relationships seeking structured loan products. Flexibility in repayment and loan use supports diverse business financing requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Up to 10 years ⌛

Services & Industries

  • Finance Types: Fixed Rate Loans, Variable Rate Loans
  • Industries: SME Sector

Pros

  • No early repayment fees
  • Comprehensive loan options

Cons

  • Requires business account for best rates

Sources: Source

7. Nucleus Commercial Finance

Nucleus Commercial Finance offers a blend of secured and unsecured loans, focusing on flexibility for SMEs. It suits businesses seeking tailored terms and rapid lending decisions. Loan options accommodate a range of financing needs with consideration to collateral and repayment flexibility.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Varies ⌛

Services & Industries

  • Finance Types: Secured Business Loans, Unsecured Business Loans
  • Industries: SME Sector

Pros

  • Rapid decision
  • Flexible terms

Cons

  • Upper limit of £500,000 may not suit larger businesses

Sources: Source

8. iwoca

iwoca delivers flexible unsecured business lending tailored for small businesses. Its products are suited to those needing quick funding with short to medium term repayment options. The provider supports businesses seeking loans without collateral and with fast approval times.

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: SME Sector

Pros

  • No early repayment fees
  • Quick approval

Cons

  • Short maximum loan duration

Sources: Source

9. Time Finance

Time Finance specialises in secured business lending, providing loans tailored to UK businesses. It suits companies needing asset-backed finance with flexible loan durations. The focus is on meeting the needs of various industries through secured products.

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: General Business

Pros

  • Flexible loan terms

Cons

  • High minimum amount

Sources: Source

10. Bizcap

Bizcap focuses on providing quick, secured business loans with a streamlined process. It is suitable for businesses seeking secured lending with fast approval and minimal credit checks. The lender supports a range of industries with variable loan terms.

Loan Details

  • Min Amount: £30,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable ⌛

Services & Industries

  • Finance Types: Secured Business Loans
  • Industries: General Business

Pros

  • Fast approval
  • No credit check required

Cons

  • May be less suitable for businesses with existing debts

Sources: Source

How to choose

When selecting a lender for a 380k secured business loan, consider the fit between loan size and lender specialisation. Assess whether a bank, broker, or specialist lender best matches your financial situation and collateral availability. Prioritise lenders offering clear terms on loan-to-value ratios and repayment flexibility. Check the application speed and evaluate any fees or early repayment conditions. Confirm eligibility criteria and assess whether the lender supports your franchise or business sector. Ensure the loan terms align with your cash flow and seasonal income patterns before applying.

Conclusion

Choosing the right lender depends on your specific borrowing needs. Banks often suit established businesses needing larger loans with formal underwriting. Brokers like Funding Agent offer access to multiple lenders and quick comparisons for SMEs. Specialist lenders provide tailored secured loans for particular asset types or sectors. Matching your requirements with lender expertise and terms is key for securing a 380 thousand pounds loan that fits your business. Always verify current terms directly with providers before committing.

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FAQs

What is a secured business loan?
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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
2OakNorth BankOakNorth Bank offers flexible business loans starting from £1 million, designed for rapid growth and tailored to various sectors.£1,000,000–£0; 6%–0% APR; Variable
3CapifyCapify provides fast and flexible business loans for SMEs, with loan amounts ranging from £5,000 to £1,000,000.£5,000–£1,000,000; 0%–0% APR; Varies
4Close Brothers Business FinanceClose Brothers provides funding solutions including invoice finance and asset-based lending to SMEs.£0–£0; 6%–0% APR; Varies
5Barclays BankBarclays offers a range of business funding options including secured and unsecured loans to support business growth.£1,000–£10,000,000; 0%–0% APR; Up to 10 years
6NatWest BankNatWest provides business loans with fixed and variable rates to support small and medium-sized enterprises in achieving their goals.£1,000–£10,000,000; 0%–0% APR; Up to 10 years
7Nucleus Commercial FinanceNucleus offers flexible business loans from £3,000 to £500,000, supporting SMEs with both secured and unsecured options.£3,000–£500,000; 0%–0% APR; Varies
8iwocaiwoca provides flexible funding solutions for small businesses with loans ranging from £1,000 to £1,000,000.£1,000–£1,000,000; 0%–0% APR; 1 day to 24 months
9Time FinanceTime Finance offers secured business loans tailored to the needs of British businesses, with loans ranging from £50,000 to £500,000.£50,000–£500,000; 0%–0% APR; Up to 5 years
10BizcapBizcap specializes in providing secured business loans quickly and efficiently, with amounts ranging from £30,000 to £1,000,000.£30,000–£1,000,000; 0%–0% APR; Variable
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