April 14, 2026
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Best Lenders to Secure a 420k Secured Business Loan

Discover the best lenders offering secured business loans up to £420,000. Compare rates, terms, and find the right loan to help grow your business today.
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Best Lenders to Secure a 420k 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 420k 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 focuses on helping UK SMEs access a wide range of business finance options through a brokered platform. It is suitable for franchise buyers and small businesses seeking various loan products with clear eligibility criteria. The provider emphasises speed and simplicity with flexible unsecured loan options and quick eligibility matching.

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 provides tailored small business loans with various flexible funding options, including secured and unsecured products. It is suitable for businesses seeking financing for property purchase or refinancing, as well as general working capital needs. The lender offers adaptable terms and loan structures with an emphasis on flexibility and a range of repayment options.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £2,000,000
  • Min APR: 5%
  • Max APR: 15%
  • Loan Duration: 3 to 60 months ⌛

Services & Industries

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

Pros

  • Fast approval process
  • Wide range of loan amounts

Cons

  • Higher rates for smaller loans

Sources: Source

3. Iwoca

Iwoca specialises in providing flexible, short-term funding solutions primarily through unsecured loans and revolving credit. It is suited to SMEs requiring quick access to capital for working capital or growth, with no early repayment penalties. The provider highlights speedy decisions and adaptable repayment plans tailored to business needs.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 3.9%
  • Max APR: 20%
  • Loan Duration: 1 to 24 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Revolving Credit
  • Industries: Retail, Service, E-Commerce

Pros

  • No early repayment fees
  • Quick decision

Cons

  • Shorter loan durations

Sources: Source

4. Barclays

Barclays offers a broad range of business loan products including unsecured and secured lending, catering largely to established businesses. It is suitable for franchise buyers and companies looking for structured financing or working capital solutions. Barclays emphasises flexible loan terms, various repayment options, and competitive pricing tailored to business requirements.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 5.1%
  • Max APR: 14.9%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

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

Pros

  • Wide range of loan products
  • Reliable service

Cons

  • Higher APR for small amounts

Sources: Source

5. Lloyds Bank

Lloyds Bank provides business loans with a focus on flexibility, offering both secured and unsecured options with extended repayment terms. It is suited for a variety of business needs including franchise purchases and long-term financing. The lender offers tailored solutions with variable repayment types and eligibility considerations to accommodate diverse business profiles.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £1,000,000
  • Min APR: 4.5%
  • Max APR: 13.5%
  • Loan Duration: 1 to 25 years ⌛

Services & Industries

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

Pros

  • Flexible terms
  • Low interest for larger loans

Cons

  • Eligibility criteria can be stringent

Sources: Source

6. NatWest

NatWest delivers a variety of business financing products including unsecured and fixed or variable rate loans. It is designed for businesses looking for flexible loan amounts up to large sums, suitable for property-related financing or working capital. NatWest focuses on flexibility in repayment terms and loan structuring to suit different business sizes and needs.

Loan Details

  • Min Amount: £25,000
  • Max Amount: £10,000,000
  • Min APR: 4%
  • Max APR: 12%
  • Loan Duration: 1 to 10 years ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Fixed Rate Loans, Variable Rate Loans
  • Industries: General businesses

Pros

  • No early repayment fees
  • Wide APR range

Cons

  • Requires strong credit profiles

Sources: Source

7. Bizcap

Bizcap is a UK-based lender providing fast access to unsecured and secured loans with a focus on simplicity and speed. It caters well to small enterprises and startups, especially those with less-than-perfect credit. Bizcap emphasises accessible lending without burdensome criteria, suitable for short- to medium-term financing needs.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £1,000,000
  • Min APR: 8%
  • Max APR: 25%
  • Loan Duration: 3 to 36 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Small Enterprises, Startups

Pros

  • Fast approval
  • Catering to poor credit

Cons

  • Higher APR
  • Short term focus

Sources: Source

8. White Oak UK

White Oak UK offers diverse business loans including unsecured and invoice financing options. It supports SMEs with a range of loan sizes and flexible term lengths. White Oak UK partners with the British Business Bank to provide funding with a focus on security, eligibility, and serving a variety of industry sectors.

Loan Details

  • Min Amount: £5,000
  • Max Amount: £2,000,000
  • Min APR: 4.5%
  • Max APR: 20%
  • Loan Duration: 1 to 60 months ⌛

Services & Industries

  • Finance Types: Unsecured Business Loans, Invoice Financing
  • Industries: SMEs

Pros

  • High maximum loan amount
  • Collaborates with British Business Bank

Cons

  • Strict eligibility criteria

Sources: Source

9. Time Finance

Time Finance specialises in secured business loans designed particularly for UK companies requiring property-backed financing. It suits borrowers looking for medium-term repayment options with competitive rates based on secured collateral. The lender focuses on flexibility and service within England and Wales markets.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 5%
  • Max APR: 18%
  • Loan Duration: 12 to 60 months ⌛

Services & Industries

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

Pros

  • Various loan options
  • Flexible repayment terms

Cons

  • Restricted to England and Wales

Sources: Source

10. Together Money

Together Money provides secured business loans using property as collateral, offering tailored funding solutions to UK SMEs. It is suited for businesses with property assets looking for competitive rates and structured repayment terms. The lender emphasises the importance of security and customised lending based on collateral availability.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 6.9%
  • Max APR: 19.9%
  • Loan Duration: 3 to 60 months ⌛

Services & Industries

  • Finance Types: Secured Business Loans
  • Industries: Property, Real Estate, Construction

Pros

  • Tailored loans based on collateral
  • Helpful for property-rich companies

Cons

  • Collateral required

Sources: Source

How to choose

When selecting the best lender for a 420 thousand pounds secured business loan, consider how loan amounts and APRs align with your financial capacity. Evaluate eligibility requirements carefully to ensure fit, especially regarding collateral and credit criteria. Balance the importance of speed against the flexibility of terms and repayment options. Consider whether you require broker-mediated access or direct bank lending, depending on your business complexity. Examine fees and early repayment terms closely to avoid unexpected costs. Ensure the repayment schedule supports your franchise’s cash flow and seasonal trends.

Conclusion

Choosing the right lender for a secured business loan around 420 thousand pounds depends on your specific needs. Bank providers often offer reliability and clear product ranges, ideal for straightforward financing. Brokers and specialist lenders can provide tailored solutions for complex cases or less conventional needs. Funding Agent remains a useful option for SMEs seeking quick and diverse loan comparisons. Always confirm terms and current costs with each lender before proceeding.

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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 offers flexible small business loans ranging from £3k to £2m, with several funding options to suit varying business needs.£3,000–£2,000,000; 5%–15% APR; 3 to 60 months
3IwocaIwoca provides flexible funding solutions for SMEs, offering loans from £1k to £1 million with no early repayment fees and quick decision timelines.£1,000–£1,000,000; 3.9%–20% APR; 1 to 24 months
4BarclaysBarclays offers business loans with flexible options, ranging from unsecured lending to structured finance solutions designed for UK businesses.£1,000–£100,000; 5.1%–14.9% APR; 1 to 25 years
5Lloyds BankLloyds Bank offers flexible business loans from £1k with repayment terms up to 25 years, suited for a broad range of business needs.£1,000–£1,000,000; 4.5%–13.5% APR; 1 to 25 years
6NatWestNatWest provides business financing solutions, offering loans from £25k up to £10 million, catering to diverse business scales and needs.£25,000–£10,000,000; 4%–12% APR; 1 to 10 years
7BizcapBizcap is a flexible UK lender, providing quick-access business loans from £5k to £1M, focusing on speed and ease of access without strict credit requirements.£5,000–£1,000,000; 8%–25% APR; 3 to 36 months
8White Oak UKWhite Oak UK provides a variety of business loan options up to £2 million, working closely with the British Business Bank to support SMEs.£5,000–£2,000,000; 4.5%–20% APR; 1 to 60 months
9Time FinanceTime Finance offers secured business loans ranging from £50k to £500k, designed to provide UK businesses with the financial flexibility they need.£50,000–£500,000; 5%–18% APR; 12 to 60 months
10Together MoneyTogether Money provides tailored secured business loans, leveraging property as collateral to offer competitive rates for UK SMEs.£0–£0; 6.9%–19.9% APR; 3 to 60 months
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