Best Lenders to secure a 60k 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 2026-01-23.
Funding Agent focuses on providing unsecured business loans and working capital to UK SMEs. It is typically suitable for businesses seeking a straightforward comparison of finance options with a quick application process. The service emphasises speed, ease of access, and matching applicants with appropriate lenders without requiring collateral.
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
Barclays offers a range of business financing solutions including bank business loans and commercial mortgages. The provider is suitable for businesses needing flexible repayments and potentially larger loan amounts. Barclays is known for its established banking services and does not charge early repayment fees, focusing on transparency and borrower flexibility.
Loan Details
- Min Amount: £1,000
- Max Amount: £10,000,000
- Min APR: 11.2%
- Max APR: 21.1%
- Loan Duration: 12–60 months ⌛
Services & Industries
- Finance Types: Business loans, Commercial Mortgages
- Industries: Various
Pros
- Flexible repayment terms
- No early repayment fees
Cons
- High APR for smaller loans
Century Business Finance specialises in both secured and unsecured loans designed for UK SMEs requiring flexible terms. It is suitable for businesses focused on straightforward finance solutions with fast approval. This provider emphasises flexible repayment options and accessible lending, catering to various industries without strict collateral demands.
Loan Details
- Min Amount: £10,000
- Max Amount: £500,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 6–48 months ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Various
Pros
- Same-day approval
- Flexible terms
Cons
- Interest rate varies widely
Norton Finance focuses on secured loans with flexible repayment schedules, catering to a broad range of business needs. It is suitable for borrowers seeking loans secured against assets with competitive rates. The provider targets various industries and offers longer loan durations, adapting to complex financing requirements.
Loan Details
- Min Amount: £15,000
- Max Amount: £500,000
- Min APR: 6.59%
- Max APR: 65.2%
- Loan Duration: 1–25 years ⌛
Services & Industries
- Finance Types: Secured loans
- Industries: Various
Pros
- Competitive rates for secured loans
- Flexible terms
Clifton Private Finance provides bespoke secured and unsecured loan solutions with flexible terms for businesses requiring tailored finance. It is fit for companies able to meet higher minimum loan amounts and seeking competitive APRs. The provider supports a variety of industries and focuses on customized borrowing structures.
Loan Details
- Min Amount: £50,000
- Max Amount: £1,000,000
- Min APR: 7%
- Max APR: 20%
- Loan Duration: 12–120 months ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Various
Pros
- Bespoke terms
- Competitive APR for secured loans
Cons
- Higher initial amounts required
Time Finance focuses on commercial and asset finance for businesses seeking tailored lending solutions. It suits companies needing flexible support for growth and equipment financing across multiple sectors. The provider offers repayment options influenced by market conditions with an emphasis on customised client service.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 7.5%
- Max APR: 15%
- Loan Duration: 6–60 months ⌛
Services & Industries
- Finance Types: Commercial finance, Asset finance
- Industries: Various
Pros
- Tailored solutions
- Good for equipment finance
Cons
- Rates depend on market fluctuations
Portman Finance offers asset finance and business loans with a focus on competitive rates and flexible terms. It is ideal for businesses requiring secured lending solutions supported by asset-based collateral. The lender emphasises transparent APRs and a choice of repayment periods suited to various sectors.
Loan Details
- Min Amount: £10,000
- Max Amount: £2,000,000
- Min APR: 4.4%
- Max APR: 6.9%
- Loan Duration: 3–72 months ⌛
Services & Industries
- Finance Types: Asset finance, Business loans
- Industries: Various
Pros
- Competitive APRs
- Flexible terms
Cons
- No public info on unsecured loans
NatWest provides secured and unsecured business loans with a focus on flexible terms and competitive rates. It is suitable for UK businesses seeking reliable bank lending with options including fixed rates. NatWest's lending suits diverse sectors, prioritising structured repayments and eligibility compliance.
Loan Details
- Min Amount: £1,000
- Max Amount: £500,000
- Min APR: 6.6%
- Max APR: 15%
- Loan Duration: 6–60 months ⌛
Services & Industries
- Finance Types: Secured loans, Unsecured loans
- Industries: Various
Pros
- Fixed rates available
- Trusted UK bank
Cons
- Stringent approval process
Swoop Funding specialises in brokered secured loans for SMEs. It is suited for businesses that require competitive secured finance with relatively quick access. The platform supports tailored financing by connecting borrowers with a range of lenders offering varying terms and repayment options.
Loan Details
- Min Amount: £25,000
- Max Amount: £5,000,000
- Min APR: 3.9%
- Max APR: 12%
- Loan Duration: 12–120 months ⌛
Services & Industries
- Finance Types: Secured loans
- Industries: Various
Pros
- Competitive rates
- Broker service
GoCompare provides a comparison platform that assists businesses in finding suitable loan products. It is most suitable for SMEs looking to compare multiple lenders and financing options without direct lending. The service focuses on user-friendly access to a variety of loan types and terms.
Loan Details
- Min Amount: £10,000
- Max Amount: £750,000
- Min APR: 6.9%
- Max APR: 29.9%
- Loan Duration: 6–72 months ⌛
Services & Industries
- Finance Types: Comparison service
- Industries: Various
Pros
- Wide range of lenders
- User-friendly platform
Cons
- Does not issue loans directly
How to choose
When securing a 60k secured business loan, consider lenders that match your business size and financial needs. Check the loan’s minimum and maximum amounts, APR ranges, and repayment terms to ensure affordability. Assess if the lender requires collateral and what types are accepted to meet security needs. Speed of approval and application ease are important if time is a factor. Use comparison tools or brokers for broader options, and always review eligibility criteria and fees before applying.
Conclusion
Choosing the right lender depends on your specific loan purpose and business profile. Banks tend to offer structured loans with more stringent criteria, suitable for established businesses. Brokers and comparison platforms provide access to a wider range of options including specialist lenders and can be more flexible. Specialist providers often cater to niche needs such as asset finance or customized terms. Funding Agent remains a practical starting point for SMEs seeking quick comparisons for a 60 thousand pounds loan. Reviewing providers’ terms and understanding your repayment capacity are essential for a successful loan application.
.png)
