April 14, 2026
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Best Lenders to Secure a 380k Working Capital Loan

Discover the best lenders to secure a £380,000 working capital loan. Compare rates, terms, and eligibility to find the right funding for your business needs.
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Best Lenders to Secure a 380k 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 380k 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 focuses on providing UK SMEs with a fast and straightforward way to compare various business finance options. It is suitable for franchise buyers and small businesses seeking working capital with clear eligibility and repayment terms. The provider emphasises quick matching of options without requiring collateral, catering to those wanting predictable and accessible loan products.

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 specialises in offering small business loans with flexible lending options, including both secured and unsecured products. It fits borrowers looking for adaptable loan terms and quick credit decisions, suitable for a range of business purposes including working capital. The provider offers various repayment structures and aims to support business growth efficiently.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 2-minute application, variable durations

Services & Industries

  • Finance Types: Unsecured loans, Secured loans
  • Industries: Small business finance

Pros

  • Rapid decisions
  • Flexible terms

Cons

  • APR details not publicly specified

Sources: Source

3. Iwoca

Iwoca provides flexible, short- to medium-term business loans designed to support growth with ease of repayment. It targets businesses seeking working capital with options for early repayment and no penalty fees. Suitability extends to those valuing straightforward application processes and adaptable lending solutions.

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: Short-term loans, Unsecured loans
  • Industries: Various

Pros

  • Fast approval
  • Early repayment flexibility

Cons

  • No detailed APR info available

Sources: Source

4. Barclays

Barclays offers traditional bank business loans including secured and unsecured lending options. It suits franchise buyers and expanding businesses that require longer-term finance with flexible repayment products. Barclays loans generally involve formal eligibility checks and may require collateral depending on the product chosen.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 11.2%
  • Max APR: 14.9%
  • Loan Duration: Up to 25 years

Services & Industries

  • Finance Types: Unsecured loans, Secured loans
  • Industries: Multiple sectors

Pros

  • Trusted banking name
  • Comprehensive loan options

Cons

  • Higher starting APR

Sources: Source

5. Lloyds Bank

Lloyds Bank provides traditional business loan products tailored for various needs including expansion and operational financing. It is suitable for franchisees and SMEs looking for flexible repayment plans and a broad range of loan amounts. Lending typically involves eligibility assessments aligned with bank underwriting standards.

Loan Details

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

Services & Industries

  • Finance Types: Business loans
  • Industries: Various

Pros

  • Wide range of loan amounts
  • Established banking institution

Cons

  • Lack of specific APR information online

Sources: Source

6. Natwest

Natwest delivers a broad range of business loan options including both fixed and variable interest rate products. It suits larger businesses or those requiring extensive funding, offering flexibility in borrowing terms and repayment structures. Natwest's solutions are typical of traditional banks with formal credit assessments and security requirements as applicable.

Loan Details

  • Min Amount: £25,001
  • Max Amount: £10,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Various, fixed or variable rates

Services & Industries

  • Finance Types: Fixed loans, Variable loans
  • Industries: General business sectors

Pros

  • Variety in loan types
  • Flexible borrowing options

Cons

  • APR not detailed online

Sources: Source

7. Bizcap

Bizcap focuses on fast, flexible lending solutions often suited for businesses with less-than-perfect credit. It is designed to provide rapid funding without extensive credit checks, ideal for urgent working capital needs. Bizcap's offerings cater to UK SMEs seeking accessible finance options despite credit challenges.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Rapid approval process

Services & Industries

  • Finance Types: Unsecured loans, Secured loans
  • Industries: Various

Pros

  • Lenient credit requirements
  • Quick approval

Cons

  • No APR information provided

Sources: Source

8. White Oak UK

White Oak UK delivers substantial loan amounts with options that often benefit from government initiatives aimed at SMEs. It suits borrowers needing swift access to finance with flexible secured and unsecured products. The provider focuses on supporting business growth and operational funding with manageable repayment terms.

Loan Details

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

Services & Industries

  • Finance Types: Secured loans, Unsecured loans
  • Industries: SMEs

Pros

  • High loan amounts available
  • Government-backed options

Cons

  • APR specifics not disclosed

Sources: Source

9. Century Business Finance

Century Business Finance targets SMEs looking for straightforward access to business loans with efficient application processes. It offers flexible loan terms to suit various business needs, ideal for those requiring working capital support. The provider emphasises simplicity and speed in delivery without complex underwriting.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Variable

Services & Industries

  • Finance Types: Short term loans, Long term loans
  • Industries: Various

Pros

  • Fast decision making
  • Simple application process

Cons

  • Details about APR lacking

Sources: Source

10. Funding Circle

Funding Circle operates as a platform facilitating small business loans through a marketplace model. It is suited to UK SMEs seeking transparent lending with quick decisions and various term options. The service aims to provide accessible working capital solutions with a focus on efficient application and funding processes.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £750,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Short term options available

Services & Industries

  • Finance Types: Business loans
  • Industries: Various sectors

Pros

  • Rapid decision making
  • Strong platform reputation

Cons

  • APR details not specified

Sources: Source

How to choose

When seeking a 380k working capital loan, carefully match the loan size and APR to your business budget. Evaluate lender eligibility criteria and balance the need for quick funding against loan flexibility. Consider how repayment schedules align with your franchise's cash flow and seasonal income variations. Check if collateral or security is needed, and review fees and early repayment options. Comparing brokered, bank, and specialist lenders helps identify the best fit for your specific financial needs.

Conclusion

Choosing the right lender depends on your loan purpose and business profile. Banks typically offer structured products with formal underwriting for larger or secured loans. Brokers and specialist lenders can provide faster access and more flexible options for working capital needs. Funding Agent remains a valuable choice for comparing multiple providers quickly. For a loan around 380 thousand pounds, ensure you evaluate all options carefully to secure terms suited to your business goals.

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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
2Nucleus Commercial FinanceNucleus Commercial Finance provides flexible small business loans from £3,000 to £2,000,000, with options for both unsecured and secured loans, offering quick decisions to help businesses thrive.£3,000–£2,000,000; 0%–0% APR; 2-minute application, variable durations
3IwocaIwoca offers flexible business loans ranging from £1,000 to £1,000,000, featuring customizable repayment terms with no penalties for early repayment, aimed at supporting business growth with quick funding solutions.£1,000–£1,000,000; 0%–0% APR; 1 day to 24 months
4BarclaysBarclays offers a range of business financing options including loans for starting or expanding businesses, featuring both secured and unsecured loan products with flexible eligibility and repayment plans.£1,000–£100,000; 11.2%–14.9% APR; Up to 25 years
5Lloyds BankLloyds Bank offers business loans that cater to both expansions and operational needs, with options available for amounts starting from £1,000 to much larger sums, along with flexible repayment terms.£1,000–£1,000,000; 0%–0% APR; 1 to 25 years
6NatwestNatwest provides business funding solutions with flexible loans ranging from £25,001 to £10,000,000, offering borrowers the ability to choose between fixed and variable interest rates, supporting business financial growth.£25,001–£10,000,000; 0%–0% APR; Various, fixed or variable rates
7BizcapBizcap offers fast and flexible small business loans up to £1,000,000 even for applicants with bad credit, focusing on rapid funding to meet immediate business needs without extensive credit checks.£5,000–£1,000,000; 0%–0% APR; Rapid approval process
8White Oak UKWhite Oak UK specializes in providing financing solutions to SMEs, offering fast business loans of up to £3,000,000 with support from government initiatives to facilitate business growth and operational needs.£5,000–£3,000,000; 0%–0% APR; 3 to 60 months
9Century Business FinanceCentury Business Finance provides prompt access to business loans for SMEs with a focus on efficient application processes and flexible loan terms to support growth and daily operations.£10,000–£250,000; 0%–0% APR; Variable
10Funding CircleFunding Circle is a leading platform offering small business loans in the UK, enabling businesses to borrow up to £750,000 with quick decisions and a focus on transparency and efficient service.£5,000–£750,000; 0%–0% APR; Short term options available