January 23, 2026
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Best Lenders to Secure a 60k Short Term Loan

Best Lenders to Secure a 60k Short Term Loan

Discover the best lenders to secure a £60,000 short term loan in the UK. Compare options, interest rates, and terms to find a fast and reliable loan suited to your needs.

Best Lenders to Secure a 60k Short Term 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.

1. Funding Agent

Funding Agent focuses on providing UK SMEs with an accessible way to compare business finance options quickly. It is typically suitable for franchise buyers and businesses seeking transparent unsecured loans. The platform offers flexible repayment terms with fast pre-qualification and no upfront 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. Norton Finance

Norton Finance specialises in secured loans and business finance for a broad range of borrowers. It is suited for franchise buyers or businesses requiring secured financing often backed by property. Their service offers flexibility in loan amounts and terms but typically requires collateral and brokerage access for loan approval.

Loan Details

  • Min Amount: £3,000
  • Max Amount: £500,000
  • Min APR: 6.59%
  • Max APR: 36.6%
  • Loan Duration: 1-30 years

Services & Industries

  • Finance Types: Secured Loans, Business Loans
  • Industries: Various

Pros

  • Wide range of loan amounts
  • Flexible terms

Cons

  • Secured loans only

Sources: Source

3. MoneySuperMarket

MoneySuperMarket offers a broad comparison platform focusing on consumer financial products including loans. It is generally suited for borrowers seeking personal or small business loans with transparent options. Their service emphasises saving on interest rates through access to multiple lenders with varying repayment choices.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £35,000
  • Min APR: 7.5%
  • Max APR: 29%
  • Loan Duration: 1-7 years

Services & Industries

  • Finance Types: Personal Loans, Business Loans
  • Industries: Retail, Services, Finance

Pros

  • Wide range of lenders
  • Low rates available

Cons

  • Rates vary widely by lender

Sources: Source

4. Compare the Market

Compare the Market provides a comparison service covering multiple financial products, including loans. It suits those looking for a quick overview of competitive deals across lenders. Options vary widely in APR and loan duration, allowing for flexible repayment but requiring careful selection based on need.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £35,000
  • Min APR: 5.7%
  • Max APR: 1721%
  • Loan Duration: 1-5 years

Services & Industries

  • Finance Types: Personal Loans, Business Loans
  • Industries: Various

Pros

  • Comprehensive market coverage
  • Quick comparisons

Cons

  • Wide APR range

Sources: Source

5. Royal Bank of Scotland

Royal Bank of Scotland delivers a variety of personal and business loan products through an established banking network. It is appropriate for franchise buyers and SMEs seeking traditional banking loans with flexible repayment and competitive APR. Security requirements and eligibility criteria apply as standard to these products.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £50,000
  • Min APR: 3.5%
  • Max APR: 29.9%
  • Loan Duration: 1-10 years

Services & Industries

  • Finance Types: Personal Loans, Business Loans
  • Industries: Banking, Finance

Pros

  • Established bank
  • Flexible repayment options

Cons

  • Eligibility criteria

Sources: Source

6. CashFloat

CashFloat is a direct lender specialising in short-term loans with a focus on speed and transparency. It is typically suited for borrowers needing rapid access to credit for smaller amounts, often with less stringent credit requirements. The loans come with high APRs and shorter durations reflecting the short-term nature of the product.

Loan Details

  • Min Amount: £300
  • Max Amount: £15,000
  • Min APR: 295.58%
  • Max APR: 1294%
  • Loan Duration: 3-9 months

Services & Industries

  • Finance Types: Short Term Loans
  • Industries: Finance

Pros

  • Bad credit considered
  • Fast approval

Cons

  • High APR
  • Short duration

Sources: Source

7. Lending Expert

Lending Expert focuses on providing access to a wide array of loan products through comparison services tailored to UK consumers. It suits franchise buyers and businesses seeking a broad choice of both personal and business loans with competitive rates. Flexibility tends to be high, though APR will vary based on borrower profile.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £10,000,000
  • Min APR: 2.9%
  • Max APR: 4.66%
  • Loan Duration: 1-30 years

Services & Industries

  • Finance Types: Personal Loans, Business Loans
  • Industries: Various

Pros

  • Low starting APR
  • Wide loan range

Cons

  • APR dependent on credit score

Sources: Source

8. Barclays

Barclays is an established British multinational bank offering personal and business loans to a range of borrowers. It is suitable for franchise buyers and SMEs seeking traditional loans supported by a comprehensive bank infrastructure. Their loan options offer flexible terms though some products may require a business account.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 3.6%
  • Max APR: 15%
  • Loan Duration: 1-25 years

Services & Industries

  • Finance Types: Personal Loans, Business Loans
  • Industries: Banking, Finance

Pros

  • Flexible terms
  • Fast funding

Cons

  • May require a business account

Sources: Source

9. HSBC

HSBC offers a variety of loan options for personal and business borrowers through a global banking network. It is generally suitable for franchise buyers seeking loans with competitive interest and flexible terms. Eligibility and security requirements apply as per standard banking criteria.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £50,000
  • Min APR: 5.7%
  • Max APR: 18.9%
  • Loan Duration: 1-10 years

Services & Industries

  • Finance Types: Personal Loans, Business Loans
  • Industries: Banking, Finance

Pros

  • Global bank
  • Competitive rates

Cons

  • Strict eligibility criteria

Sources: Source

10. NatWest

NatWest provides a range of business loan products aimed at small and medium enterprises. It is suited for franchise buyers and businesses looking for flexible terms and competitive rates, with product options including asset finance. Relationships with the bank may be beneficial for application success.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £100,000
  • Min APR: 3.9%
  • Max APR: 16%
  • Loan Duration: 1-10 years

Services & Industries

  • Finance Types: Business Loans, Asset Finance
  • Industries: Banking, Finance

Pros

  • Strong SME focus
  • No early repayment fee

Cons

  • Needs existing relationship

Sources: Source

How to choose

When securing a short term loan around £60,000, consider lenders that offer the right balance of speed, flexibility, and suitable loan size. Check eligibility criteria closely, especially regarding collateral and credit history. Evaluate how the loan repayment terms fit with your franchise cash flow and seasonal variations. Also, factor in fees and conditions like early repayment options and total APR. Brokers and comparison platforms can provide access to multiple lenders quickly, while traditional banks may offer more structured products but with stricter eligibility. Always compare options before proceeding to application.

Conclusion

Choosing the right lender for a 60 thousand pounds short term loan depends on your specific needs. Banks may suit those seeking established credit routes and longer terms, while brokers and platforms like Funding Agent facilitate broader market access and quicker comparisons. Specialist lenders can offer speed and accessibility but may come with higher costs. Careful alignment of loan type, security requirements, and repayment flexibility will help in selecting the best provider for your franchise financing.

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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
2Norton FinanceNorton Finance is a financial services provider that offers a range of loan products including business and personal loans with competitive interest rates.£3,000–£500,000; 6.59%–36.6% APR; 1-30 years
3MoneySuperMarketMoneySuperMarket is a leading price comparison website that helps consumers compare and save on financial products including loans, credit cards, and insurance.£1,000–£35,000; 7.5%–29% APR; 1-7 years
4Compare the MarketCompare the Market provides price comparisons for a range of financial products, including loans, to help consumers find the best deal for their needs.£1,000–£35,000; 5.7%–1721% APR; 1-5 years
5Royal Bank of ScotlandThe Royal Bank of Scotland offers a range of personal and business loans with flexible repayment options and competitive APRs.£1,000–£50,000; 3.5%–29.9% APR; 1-10 years
6CashFloatCashFloat is a UK-based direct lender specializing in short-term loans with transparent pricing and rapid approval processes.£300–£15,000; 295.58%–1294% APR; 3-9 months
7Lending ExpertLending Expert offers a wide range of loan products with competitive rates, specializing in comparing options for UK consumers.£1,000–£10,000,000; 2.9%–4.66% APR; 1-30 years
8BarclaysBarclays is a British multinational bank offering a range of financial services, including personal and business loans for SMEs and larger enterprises.£1,000–£100,000; 3.6%–15% APR; 1-25 years
9HSBCHSBC provides a range of loan products for personal and business needs with competitive interest rates and flexible terms.£1,000–£50,000; 5.7%–18.9% APR; 1-10 years
10NatWestNatWest offers a comprehensive suite of business loans tailored to the needs of small and medium-sized enterprises with flexible terms and competitive rates.£1,000–£100,000; 3.9%–16% APR; 1-10 years