January 22, 2026
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Best Lenders to secure a 40k Secured Business Loan

Best Lenders to secure a 40k Secured Business Loan

Discover the best lenders in the UK to secure a £40,000 secured business loan. Compare rates, terms, and find out how to apply easily for your business needs.
Abdus-Samad Charles
Finance Writer

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.

Best Lenders to secure a 40k 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 2026-01-22.

1. Funding Agent

Funding Agent provides a comparison service for UK SMEs seeking business finance. It is suitable for businesses looking for quick access to multiple loan options with predictable terms. The platform offers a fast application process and matches eligibility without requiring security.

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. Barclays

Barclays provides a range of bank business loans for UK SMEs. It suits those needing either secured or unsecured finance with options for flexible terms and competitive rates. The lender offers repayment flexibility and no early repayment fees for accessible borrowing.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 11.2%
  • Max APR: 14.9%
  • Loan Duration: 1–10 years ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Agriculture, Healthcare, Retail, Technology

Pros

  • No early repayment fees
  • Flexible terms

Cons

  • Higher APR for smaller loans

Sources: Source

3. HSBC

HSBC offers secured and unsecured business loans with fixed and variable rates. It is appropriate for SMEs across various industries requiring flexible loan terms. The lender is known for its competitive APRs and adaptable repayment schedules.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £25,000
  • Min APR: 6.2%
  • Max APR: 18.9%
  • Loan Duration: 1–10 years ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Manufacturing, Industrial, Real Estate

Pros

  • No arrangement fees
  • Flexible repayment schedules

Cons

  • Higher rates for riskier profiles

Sources: Source

4. Lloyds Bank

Lloyds Bank offers varied business loan products focusing on growth and manageable repayments. It is suited to SMEs needing secured or unsecured loans with flexible term lengths. The lender provides trusted banking services with reliable loan support.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £50,000
  • Min APR: 9.6%
  • Max APR: 11.2%
  • Loan Duration: 1-25 years ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Legal, Manufacturing, Real Estate, Healthcare

Pros

  • Flexible loan amounts
  • Trusted banking partner

Cons

  • Higher interest rates compared to some competitors

Sources: Source

5. NatWest

NatWest provides secured and unsecured loans with flexible repayment terms for UK businesses. It suits SMEs looking for tailored financial products across various sectors. The lender supports a broad range of loan sizes to meet business cash flow needs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 8.2%
  • Max APR: 15%
  • Loan Duration: 1–7 years ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Farming, Retail, Private Banking

Pros

  • Supportive customer service
  • Competitive rates for large loans

Cons

  • Smaller maximum loan limits for unsecured loans

Sources: Source

6. Together Money

Together Money offers secured lending focused on practical business finance solutions. It is suitable for businesses requiring straightforward loans with flexible options and no early repayment charges. This lender targets borrowers with unique financing needs in property-related sectors.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £50,000
  • Min APR: 7.9%
  • Max APR: 9.35%
  • Loan Duration: 1-7 years ⌛

Services & Industries

  • Finance Types: Secured Loan
  • Industries: Real Estate, Retail

Pros

  • Flexible lending options
  • No early repayment fees

Cons

  • Strict eligibility requirements

Sources: Source

7. Rangewell

Rangewell operates as a broker connecting SMEs with a broad selection of business finance products. It suits borrowers seeking tailored solutions backed by access to numerous lenders. The service offers flexibility and potential access to both secured and unsecured options.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £500,000
  • Min APR: 6%
  • Max APR: 20%
  • Loan Duration: 3–60 months ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Professional Services

Pros

  • Wide range of finance products
  • Bespoke solutions

Cons

  • Additional broker fees may apply

Sources: Source

8. Portman Finance Group

Portman Finance Group offers extensive finance solutions with rapid funding for SMEs. It is ideal for businesses needing both secured and unsecured loans with a wide range of loan sizes. The lender supports flexible repayment and targets professional services and SME sectors.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 6.9%
  • Max APR: 30%
  • Loan Duration: 3–72 months ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Professional Services, SMEs

Pros

  • Rapid funding
  • Wide range of finance solutions

Cons

  • High maximum APR

Sources: Source

9. Bizcap

Bizcap delivers quick business loans with a focus on flexible and fast approval processes. It is suited for UK SMEs needing diverse loan sizes with affordability in mind. The lender provides unsecured and secured products with flexible repayment terms.

Loan Details

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

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Wholesale & Retail Trade

Pros

  • Fast approval times
  • Flexible terms

Cons

  • Higher interest rates for unsecured loans

Sources: Source

10. Century Business Finance

Century Business Finance specialises in straightforward secured and unsecured loans for small businesses. It is suitable for SMEs needing quick access to finance with simple application methods. The lender offers flexible repayments based on creditworthiness.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £250,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: 6–48 months ⌛

Services & Industries

  • Finance Types: Secured Loan, Unsecured Loan
  • Industries: Small Businesses

Pros

  • Simple application process
  • Flexible repayment terms

Cons

  • Interest rates depend on creditworthiness

Sources: Source

How to choose

When selecting a lender for a 40k secured business loan, consider the loan amount, APR, and term flexibility. Assess whether you need a bank, broker, or specialist lender based on your business requirements and collateral availability. Check eligibility criteria and understand early repayment options. Prioritise lenders with a track record for clear communication and manageable repayment schedules. Balance the speed of funding against the level of flexibility required for your franchise’s cash flow and seasonal demands.

Conclusion

Choosing the right lender depends on your business needs and loan purpose. Banks often suit structured borrowing with established terms. Brokers provide access to a wide range of options but may include additional fees. Specialists can offer tailored solutions for unique circumstances. Funding Agent remains a practical choice for SMEs seeking fast comparison across multiple sources. Always match your loan requirements to the provider’s offerings when seeking a 40 thousand pounds secured business loan.

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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
2BarclaysBarclays offers a wide range of business loans, from fixed and variable rates with flexible terms to meet the needs of SMEs in the UK.£1,000–£25,000; 11.2%–14.9% APR; 1–10 years
3HSBCHSBC offers competitive business loans with fixed and variable interest rates to support SMEs across diverse industries in the UK.£1,000–£25,000; 6.2%–18.9% APR; 1–10 years
4Lloyds BankLloyds Bank provides a variety of business loan options designed to help businesses grow with manageable repayment schedules.£1,000–£50,000; 9.6%–11.2% APR; 1-25 years
5NatWestNatWest offers tailored financial solutions with flexible loan amounts and repayment structures to support UK businesses.£1,000–£100,000; 8.2%–15% APR; 1–7 years
6Together MoneyTogether Money specializes in common-sense lending, offering a wide variety of financial products for businesses with unique needs.£5,000–£50,000; 7.9%–9.35% APR; 1-7 years
7RangewellRangewell acts as a broker for business loans, connecting SMEs with tailored finance options from over 23,000 products in the UK.£1,000–£500,000; 6%–20% APR; 3–60 months
8Portman Finance GroupPortman Finance Group offers extensive business lending solutions, providing SMEs with rapid access to necessary funding.£10,000–£2,000,000; 6.9%–30% APR; 3–72 months
9BizcapBizcap provides quick and flexible business loans tailored for UK SMEs, with approvals as fast as three hours.£5,000–£1,000,000; 0%–0% APR; Flexible
10Century Business FinanceCentury Business Finance offers fast and straightforward loans to support SMEs with tailored financial solutions.£10,000–£250,000; 0%–0% APR; 6–48 months
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