April 14, 2026
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Best Lenders to Secure a 390k Business Line of Credit

Discover the best lenders to secure a £390,000 business line of credit. Compare offers, terms, and find the right fit for your UK business financing needs.
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Best Lenders to Secure a 390k Business Line of Credit
Jesse Spence
Finance content writer / Market researcher

Jesse Spence is a Funding Research and Content Lead at Funding Agent with 4 years of experience in market research. He focuses on turning lender criteria and market insights into practical, plain-English resources that help business owners, not only, improve approval chances and choose the right type of finance but also find the right funding providers for their needs.

Best Lenders to Secure a 390k Business Line of Credit

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 Funding Agent acts as a finance broker focusing on credit options for UK SMEs. It is suitable for franchise buyers and business owners who value a straightforward eligibility process and clear cost comparisons. The service offers flexible loan terms without requiring collateral and supports multiple loan types to fit diverse business needs.

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 Funding Circle offers unsecured loans primarily for small and medium-sized UK businesses. It suits operators and franchise buyers needing straightforward credit with quick decisions. The platform provides access to fixed-term loans without collateral requirements and emphasises speed and simplicity in borrowing.

Loan Details

  • Min Amount: £0
  • Max Amount: £750,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown ⌛

Services & Industries

  • Finance Types: Small Business Loans, Start Up Finance
  • Industries: SMEs

Pros

  • Fast decision times
  • High loan amounts

Cons

  • Investment risk as it involves lending

Sources: Source

3. Fleximize

Fleximize Fleximize provides tailored lending solutions for UK SMEs with loan terms that reflect monthly revenue. It is suited to franchise operators and businesses requiring adaptable funding without fixed collateral. The lender offers flexible repayment options and quick access to funds aligned with cash flow needs.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Repay in 1 day to 24 months ⌛

Services & Industries

  • Finance Types: SME Loans
  • Industries: All industries

Pros

  • Flexible loan terms
  • High maximum loan amount

Cons

  • Based on monthly revenue

Sources: Source

4. Iwoca

Iwoca Iwoca focuses on providing fast, flexible unsecured business loans for UK SMEs with no penalties for early repayment. It suits franchise buyers and small businesses that need adaptable credit options with transparent terms. Funding decisions and access are managed efficiently to suit varied business needs.

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: Business Line of Credit, Unsecured Loans
  • Industries: Various industries

Pros

  • Flexible funding
  • No early repayment fees

Cons

  • Shorter loan term limits

Sources: Source

5. Capify

Capify Capify delivers rapid and flexible business financing for UK SMEs, including same-day funding options. It is suitable for businesses and franchise buyers needing quick credit access without heavy security requirements. The lender supports a variety of loan products designed for speed and convenience.

Loan Details

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

Services & Industries

  • Finance Types: Small Business Loans, Merchant Cash Advance
  • Industries: SMEs

Pros

  • Same-day funding
  • Flexible options

Cons

  • Application process may be lengthy

Sources: Source

6. White Oak

White Oak White Oak specialises in providing a range of loan products for UK SMEs, including asset finance and business development loans. It suits borrowers and franchisees who require larger credit lines with quick processing. The lender offers tailored finance solutions with a focus on fast access and diverse funding types.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Funds in as little as 48 hours ⌛

Services & Industries

  • Finance Types: Business Development Loans, Asset Finance
  • Industries: Various industries

Pros

  • Diverse financial solutions
  • High maximum loan limit

Cons

  • Eligibility criteria might be strict

Sources: Source

7. Time Finance

Time Finance Time Finance delivers secured lending options to UK businesses, focusing on loans backed by assets. It suits franchise buyers and businesses needing higher loan amounts with flexible terms over longer durations. The provider offers tailored repayment schedules aligned with collateral valuations.

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 Loans
  • Industries: Various sectors

Pros

  • Flexible loan terms
  • Secured loan options

Cons

  • Loan amounts start at £50,000

Sources: Source

8. Lloyds Bank

Lloyds Bank Lloyds Bank provides traditional business loans with flexible repayment terms for UK SMEs. It is suitable for operators and franchise buyers seeking established banking relationships and a range of secured and unsecured credit options. The bank’s offerings include tailored rates and terms that accommodate diverse business models.

Loan Details

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

Services & Industries

  • Finance Types: Business Loans, Overdraft
  • Industries: Various sectors

Pros

  • Flexible repayment terms
  • Established banking services

Cons

  • Usually requires existing customer relationship

Sources: Source

9. Let's Do Business Finance

Let's Do Business Finance Let's Do Business Finance concentrates on providing loans for startups and SMEs in South East and East England. It is suitable for smaller franchise operators and early-stage businesses requiring straightforward funding with fixed interest rates. The lender focuses on supporting regional businesses with predictable repayment terms.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £250,000
  • Min APR: 7.5%
  • Max APR: 7.5%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Startup Loans, SME Loans
  • Industries: SMEs

Pros

  • Supports startups
  • Fixed interest rates

Cons

  • Regional limitations

Sources: Source

10. Close Brothers

Close Brothers Close Brothers offers asset and commercial finance services geared towards UK SMEs. It suits businesses and franchise buyers needing specialist advice and flexible funding solutions. The provider focuses on tailored support and a range of secured finance products to assist business growth.

Loan Details

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

Services & Industries

  • Finance Types: Asset Finance, Commercial Finance
  • Industries: SMEs

Pros

  • Comprehensive support and advice
  • Flexible funding options

Cons

  • Website information not very detailed

Sources: Source

How to choose

When selecting the best lenders to secure a 390k business line of credit, consider your business size, credit requirements, and collateral availability. Look for loan terms and APRs that fit your budget and cash flow cycles. Evaluate how quickly funds are available, especially if you need urgent financing. Also, check eligibility criteria carefully, as some lenders specialise in startups, while others cater to established businesses. Balance the choice between brokered access to multiple options and direct lending from banks or specialists to find the most suitable match for your needs.

Conclusion

Choosing the right lender depends on your borrowing purpose and business profile. Banks generally offer established products with longer terms for stable businesses, while brokers like Funding Agent provide a wider range of options suitable for quick comparisons and varied lending needs. Specialist lenders focus on tailored solutions for unique cases such as secured loans or startup financing. Matching the lender type with your requirements can aid in acquiring appropriate funding for a three hundred ninety thousand pounds loan amount. Always review terms carefully before proceeding.

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FAQs

What is a business line of credit?
How can I qualify for a £390k business line of credit?
Which UK lenders offer lines of credit for £390,000?
What are typical interest rates for a business line of credit in the UK?
How long does it take to get approved for a business line of credit?
Can a business line of credit be used for any business expenses?

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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 providing quick and affordable small business loans up to £750,000 in the UK.£0–£750,000; 0%–0% APR; Unknown
3FleximizeFleximize provides flexible funding solutions for UK SMEs, offering loans from £5,000 to £500,000 with tailored terms based on monthly revenue.£5,000–£500,000; 0%–0% APR; Repay in 1 day to 24 months
4IwocaIwoca offers quick business loans ranging from £1,000 to £1,000,000 with flexible terms, allowing early repayments with no penalties.£1,000–£1,000,000; 0%–0% APR; 1 day to 24 months
5CapifyCapify provides fast and flexible business loans up to £1,000,000, with quick turnaround and same-day funding available for SMEs.£5,000–£1,000,000; 0%–0% APR; Unknown
6White OakWhite Oak specializes in SME finance, offering a diverse range of business loans from £5,000 to £2,000,000 with fast processing times.£5,000–£2,000,000; 0%–0% APR; Funds in as little as 48 hours
7Time FinanceTime Finance offers secured business loans from £50,000 to £500,000, tailored to meet the needs of UK businesses with flexible terms.£50,000–£500,000; 0%–0% APR; Up to 5 years
8Lloyds BankLloyds Bank offers a range of business loans for SMEs in the UK, with flexible repayment terms and competitive rates.£1,000–£1,000,000; 0%–0% APR; Up to 25 years
9Let's Do Business FinanceLet's Do Business Finance provides business loans from £25,000 to £250,000, focusing on startups and SMEs in South East and East England.£25,000–£250,000; 7.5%–7.5% APR; 12 to 60 months
10Close BrothersClose Brothers provides financial support and advice to UK SMEs, with services including asset finance and loan options up to various amounts.£0–£0; 0%–0% APR; Unknown
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