Best Lenders to Secure a 60k 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 2026-02-12.
Funding Agent focuses on providing quick comparisons of business finance options for UK SMEs through a simple application process. It is suitable for businesses seeking unsecured loans and multiple finance types with straightforward eligibility checks. The platform emphasises speed and ease of use without requiring collateral, offering flexibility in repayment terms.
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
Company B focuses on offering business financial services such as invoice financing and lines of credit. It typically serves UK SMEs looking for options with competitive terms and repayment flexibility. Processing times may be longer, with various finance types suited to technology and healthcare sectors.
Loan Details
- Min Amount: £1,000
- Max Amount: £300,000
- Min APR: 5%
- Max APR: 15%
- Loan Duration: 12–48 months ⌛
Services & Industries
- Finance Types: Invoice Financing, Line of Credit
- Industries: Technology, Healthcare
Pros
- Good customer service
- Flexible repayment options
Company C provides diverse financing solutions including equipment loans and business lines of credit. Its services are typically suited to UK SMEs in construction and logistics seeking quick access to funds with various repayment options. The provider focuses on flexible credit solutions to support business growth and sustainability.
Loan Details
- Min Amount: £5,000
- Max Amount: £250,000
- Min APR: 6%
- Max APR: 18%
- Loan Duration: 3–36 months ⌛
Services & Industries
- Finance Types: Equipment Loans, Business Line of Credit
- Industries: Construction, Logistics
Pros
- Quick funding
- Wide range of products
Company D offers tailored business credit lines designed for UK SMEs requiring flexible financial plans. It serves businesses requiring revolving or trade credit with personalised terms, focusing on a range of industries. The lender provides solutions that may involve securing credit lines featuring competitive fees and repayment options.
Loan Details
- Min Amount: £2,000
- Max Amount: £150,000
- Min APR: 4.9%
- Max APR: 19.5%
- Loan Duration: 6–24 months ⌛
Services & Industries
- Finance Types: Trade Credit, Revolving Credit
- Industries: E-commerce, Automotive
Pros
- Personalized service
- Lower fees
Company E provides innovative financial products focused on asset financing and business lines of credit, ideal for UK SMEs in finance and hospitality. The firm caters to clients seeking tailored solutions with strong support, emphasizing client success. Terms include flexible repayment structures aligned to client needs within set eligibility criteria.
Loan Details
- Min Amount: £3,000
- Max Amount: £200,000
- Min APR: 5.5%
- Max APR: 17.5%
- Loan Duration: 12–60 months ⌛
Services & Industries
- Finance Types: Asset Financing, Business Line of Credit
- Industries: Finance, Hospitality
Pros
- Innovative solutions
- Strong client support
Cons
- Strict eligibility criteria
Company F offers credit facilities such as business overdrafts and term loans, aimed at supporting UK SMEs in agriculture and retail. The provider is suitable for businesses needing quick approvals and manageable fees, often with specific eligibility criteria. Offers flexible borrowing options designed for medium and small enterprises.
Loan Details
- Min Amount: £1,500
- Max Amount: £100,000
- Min APR: 7%
- Max APR: 16%
- Loan Duration: 6–36 months ⌛
Services & Industries
- Finance Types: Business Overdraft, Term Loans
- Industries: Agriculture, Retail
Cons
- High eligibility requirements
Company G specialises in supporting business growth through working capital loans and lines of credit. It is suited for UK SMEs in technology and media industries looking for a streamlined application and flexible financing. The provider offers mid-range loan amounts with options balancing speed and term flexibility.
Loan Details
- Min Amount: £10,000
- Max Amount: £400,000
- Min APR: 8%
- Max APR: 14%
- Loan Duration: 12–24 months ⌛
Services & Industries
- Finance Types: Working Capital Loans, Line of Credit
- Industries: Technology, Media
Pros
- Streamlined application process
- Flexible terms
Cons
- High APR for some products
Company H focuses on providing tailored term loans and credit lines with a strong emphasis on customer satisfaction. Its offerings are typically suitable for UK SMEs in manufacturing and services requiring a variety of loan options. This provider offers flexibility in structuring repayments while maintaining competitive terms.
Loan Details
- Min Amount: £2,500
- Max Amount: £150,000
- Min APR: 6.5%
- Max APR: 19%
- Loan Duration: 6–48 months ⌛
Services & Industries
- Finance Types: Term Loans, Credit Lines
- Industries: Manufacturing, Services
Pros
- Excellent customer support
- Variety of loan options
Company I provides strategic financing products including lines of credit and trade finance tailored for UK SMEs. The lender targets businesses in healthcare and education requiring tailored solutions with fast processing. The focus is on meeting unique business needs with flexible terms.
Loan Details
- Min Amount: £4,000
- Max Amount: £300,000
- Min APR: 7.5%
- Max APR: 15%
- Loan Duration: 3–36 months ⌛
Services & Industries
- Finance Types: Line of Credit, Trade Finance
- Industries: Healthcare, Education
Pros
- Tailored solutions
- Fast processing times
Cons
- Limited product offerings
Company J specialises in bespoke business loans and lines of credit aimed at stimulating growth for UK SMEs. It suits businesses looking for highly customisable finance products with larger funding limits. The lender focuses on innovative solutions with longer repayment terms but may require extensive documentation.
Loan Details
- Min Amount: £5,000
- Max Amount: £250,000
- Min APR: 8.5%
- Max APR: 20%
- Loan Duration: 12–60 months ⌛
Services & Industries
- Finance Types: Business Loans, Line of Credit
- Industries: Real Estate, Transportation
Pros
- Customizable products
- High funding amounts
How to choose
When selecting the best lender for a 60k business line of credit, consider your loan size and the APR to fit your budget. Check the eligibility requirements carefully, as these can vary widely between providers. Balance the urgency of funding with the flexibility of repayment terms offered. Review fees, collateral needs, and whether the lender provides brokered access or direct funding. Understanding how these factors align with your franchise's cash flow and seasonal variations is important. Finally, always verify terms and current rates before making a decision.
Conclusion
Choosing the right type of lender depends on your specific financing needs. Banks often offer stability and formal products but may have stricter eligibility. Brokers can provide access to specialist lenders and a range of options suitable for different cases. Specialist lenders might offer faster decisions and tailored products but with distinct criteria. Funding Agent remains a useful starting point to quickly compare multiple options. Matching the lender to your expected amount and purpose, such as securing a 60 thousand pounds loan, ensures better fit and outcomes.
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