April 14, 2026
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Best Lenders to Secure a 390k Secured Business Loan

Discover the best lenders offering secured business loans up to £390,000. Learn about rates, terms, and how to secure funding for your business growth.
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Best Lenders to Secure a 390k Secured Business Loan
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 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 offers fast comparison services for UK SMEs seeking business finance. It focuses on unsecured finance options with an emphasis on quick application processes and eligibility checks. Suitable for businesses prioritising speed and clear loan options 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. HSBC

HSBC provides traditional bank business loans with a broad product range suitable for various UK SMEs. It focuses on delivering reliable financing with fixed and flexible terms, aiming at businesses that need predictable repayment schedules. Typical borrowers value established banking relationships and lender stability.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.3%
  • Max APR: 22.9%
  • Loan Duration: 12 to 120 months ⌛

Services & Industries

  • Finance Types: Small Business Loans, Commercial Business Loans
  • Industries: General Business

Pros

  • Global banking support
  • Wide range of loan products

Cons

  • Higher APR for lower amounts

Sources: Source

3. Barclays

Barclays offers a range of commercial and business loan solutions designed for UK companies of varied sizes. Its products cater to those seeking standard repayment terms with some flexibility on loan amounts. Borrowers appreciating no early repayment fees may find these loans suitable.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 11.2%
  • Max APR: 12.9%
  • Loan Duration: Up to 60 months ⌛

Services & Industries

  • Finance Types: Business Loans, Commercial Mortgages
  • Industries: General Business

Pros

  • No early repayment fees
  • Fast processing

Cons

  • Interest rates can be high for smaller loans

Sources: Source

4. Funding Circle

Funding Circle operates a peer-to-peer lending platform focused on the UK SME market, facilitating loans with competitive rates. Its offerings suit borrowers seeking transparent terms, generally needing quick decisions without early repayment fees. The platform offers both unsecured and partially secured loans with standard loan durations.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £750,000
  • Min APR: 6.9%
  • Max APR: 20%
  • Loan Duration: 6 to 60 months ⌛

Services & Industries

  • Finance Types: Small Business Loans, Medium Enterprise Loans
  • Industries: SMEs

Pros

  • Quick decision
  • No early repayment fees

Cons

  • High interest rates for riskier businesses

Sources: Source

5. Close Brothers

Close Brothers specialises in asset finance and commercial loans tailored to sectors such as manufacturing and agriculture. It offers flexible terms, often requiring collateral or security for better rates. The lender suits businesses needing customised funding solutions and longer durations.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £1,000,000
  • Min APR: 5.5%
  • Max APR: 12%
  • Loan Duration: 12 to 72 months ⌛

Services & Industries

  • Finance Types: Asset Finance, Commercial Loans, Hire Purchase
  • Industries: Manufacturing, Transport, Agriculture

Pros

  • Flexible terms
  • Custom solutions for asset purchasing

Cons

  • Requires collateral for lower APR

Sources: Source

6. Time Finance

Time Finance offers bespoke secured and unsecured business loans for UK SMEs, focusing on tailored financial solutions. It suits borrowers requiring flexible access to funds with varying collateral and repayment options. The lender emphasises personalised service and quick loan arrangements.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 9.6%
  • Max APR: 15%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

  • Finance Types: Secured Loans, Unsecured Loans
  • Industries: Retail, Manufacturing, Services

Pros

  • Tailored financial solutions
  • Quick access to funds

Cons

  • Higher APR for unsecured loans

Sources: Source

7. Metro Bank

Metro Bank provides a variety of commercial and working capital loans with flexible repayment terms. It targets UK SMEs seeking personalised lending experiences and longer loan durations. Customers benefit from a broad range of loan structures and banking services in one place.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £500,000
  • Min APR: 9.6%
  • Max APR: 18.9%
  • Loan Duration: 12 to 360 months ⌛

Services & Industries

  • Finance Types: Business Loans, Commercial Loans
  • Industries: General Business

Pros

  • Personalized banking experience
  • Flexible terms

Cons

  • Can be expensive for extended terms

Sources: Source

8. NatWest

NatWest offers flexible business loans and overdrafts tailored for UK SMEs seeking adaptable borrowing options. Its products support a variety of industries with competitive rates and customer service focus. Borrowers appreciate options for early repayment and varied collateral requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 8%
  • Max APR: 13.5%
  • Loan Duration: 12 to 120 months ⌛

Services & Industries

  • Finance Types: Business Loans, Overdrafts
  • Industries: General Business

Pros

  • Flexible borrowing options
  • No early repayment fees for some loans

Cons

  • Interest rates vary widely by loan size

Sources: Source

9. iwoca

iwoca specialises in quick, flexible financing solutions for small UK businesses. The lender supports short-term credit with a focus on fast decisions and no early repayment fees. It suits companies needing accessible finance without long-term commitments or extensive collateral.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 1.5%
  • Max APR: 49%
  • Loan Duration: 1 to 24 months ⌛

Services & Industries

  • Finance Types: Business Loans, Credit Facilities
  • Industries: SMEs

Pros

  • Quick decision
  • No early repayment fees

Cons

  • High interest rates for larger loans

Sources: Source

10. Together Money

Together Money offers secured business loans focused on bespoke financing for UK companies, including bridging finance. It targets borrowers able to provide substantial collateral and seeking customised loan terms. The lender operates with an emphasis on flexible repayment structures for property and construction projects.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £1,000,000
  • Min APR: 7.9%
  • Max APR: 15%
  • Loan Duration: 12 to 240 months ⌛

Services & Industries

  • Finance Types: Secured Loans, Bridging Finance
  • Industries: Property, Retail, Construction

Pros

  • Customized loan solutions
  • Quick processing

Cons

  • Requires substantial collateral

Sources: Source

How to choose

When choosing a lender for a 390k secured business loan, consider the loan amount, security requirements, and repayment flexibility. Banks offer stable terms and broad services, but may require collateral and have longer approval times. Brokers or online platforms can provide faster access and tailored loan options but check fees carefully. Evaluate eligibility criteria and any early repayment charges. Align the loan with your franchise cash flow, seasonality, and growth plans for best fit. Always verify current terms before applying.

Conclusion

Lenders differ in their approach to secured business loans depending on borrower needs. Banks typically serve standard business financing with defined terms, while brokers and specialist lenders offer quicker access and more tailored loan structures. Secured loans are suited for those with assets to pledge, while unsecured options suit others. Funding Agent is a useful tool for comparing multiple options efficiently. For a 390 thousand pounds loan, carefully match your business requirements with lender type to ensure the best fit.

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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
2HSBCHSBC is a leading international bank that offers comprehensive business loan options for UK businesses, catering to a wide range of financing needs.£1,000–£25,000; 11.3%–22.9% APR; 12 to 120 months
3BarclaysBarclays offers a variety of business loan options in the UK, helping small and large businesses manage their financial needs efficiently.£1,000–£100,000; 11.2%–12.9% APR; Up to 60 months
4Funding CircleFunding Circle is the UK’s largest online platform for business loans, offering loans between £10,000 and £500,000 with competitive rates.£10,000–£750,000; 6.9%–20% APR; 6 to 60 months
5Close BrothersClose Brothers is a UK specialist finance house providing a range of flexible business funding solutions including asset finance and loans.£25,000–£1,000,000; 5.5%–12% APR; 12 to 72 months
6Time FinanceTime Finance provides various tailored financial solutions to businesses across the UK, including secured and unsecured loans.£50,000–£500,000; 9.6%–15% APR; 12 to 60 months
7Metro BankMetro Bank offers diverse business banking solutions including loans ranging from working capital to commercial loans.£5,000–£500,000; 9.6%–18.9% APR; 12 to 360 months
8NatWestNatWest supports UK businesses with a range of flexible loan products, providing competitive rates and customer service.£1,000–£1,000,000; 8%–13.5% APR; 12 to 120 months
9iwocaIwoca provides small businesses with flexible and quick financing solutions ranging from £1,000 to £1,000,000.£1,000–£1,000,000; 1.5%–49% APR; 1 to 24 months
10Together MoneyTogether Money specializes in secured business loans, providing bespoke finance options for UK businesses.£50,000–£1,000,000; 7.9%–15% APR; 12 to 240 months
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