Best Lenders to Secure a Unsecured Business Loan Over 7 Years
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 offers a platform to compare various business finance options tailored to UK SMEs. It is suitable for franchise buyers and operators seeking unsecured loans with straightforward terms. The service features a quick eligibility check and aims to provide fast decisions without 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
Funding Circle focuses on peer-to-peer unsecured business loans primarily targeting small UK businesses. It suits borrowers looking for competitive interest rates with fixed repayment schedules. The platform offers a streamlined application with firm eligibility requirements aimed at reliable credit profiles.
Loan Details
- Min Amount: £10,000
- Max Amount: £500,000
- Min APR: 4.9%
- Max APR: 21.9%
- Loan Duration: 6–84 months ⌛
Services & Industries
- Finance Types: Unsecured Loans
- Industries: Small Businesses
Pros
- Fast application process
- Low interest rates
Cons
- Strict eligibility criteria
Iwoca specialises in offering flexible unsecured loans and credit lines to SMEs in the UK. It is suited to businesses needing quick access to funds with adaptable repayment plans. The application process is designed to be fast and straightforward to support urgent financing needs.
Loan Details
- Min Amount: £1,000
- Max Amount: £200,000
- Min APR: 3.9%
- Max APR: 19.9%
- Loan Duration: 3-24 months ⌛
Services & Industries
- Finance Types: Unsecured Loans, Credit Lines
- Industries: Retail, Hospitality
Pros
- Quick funding
- Flexible repayment options
LendInvest provides property-secured financing with a focus on real estate loans. It fits businesses engaged in property purchase, refinance, or development needing short-term secured funding. The platform offers competitive rates with typically property-backed security and quicker decision times.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 5%
- Max APR: 20%
- Loan Duration: 1–12 months ⌛
Services & Industries
- Finance Types: Property Finance, Business Loans
- Industries: Real Estate
Pros
- Competitive rates
- Real estate specific loans
Cons
- Limited to property-related businesses
Fleximize delivers flexible unsecured loans and revolving credit tailored for smaller businesses. It suits those looking for adaptable lending with options to increase funding during the loan term. The provider emphasises fast processing and flexible use of funds across various sectors.
Loan Details
- Min Amount: £1,000
- Max Amount: £250,000
- Min APR: 1.5%
- Max APR: 36%
- Loan Duration: 1–48 months ⌛
Services & Industries
- Finance Types: Unsecured Loans, Revolving Credit
- Industries: Various
Pros
- Flexibility in loan usage
- Additional funding available
Cons
- Higher APR on long-term loans
Capify provides simple unsecured business loans with straightforward terms suitable for small UK businesses. It is generally appropriate for borrowers valuing quick approval and clear conditions. The service focuses on ease of access over long-term flexibility or secured lending.
Loan Details
- Min Amount: £5,000
- Max Amount: £150,000
- Min APR: 7.9%
- Max APR: 35%
- Loan Duration: 6–24 months ⌛
Services & Industries
- Finance Types: Merchant Cash Advance, Unsecured Loans
- Industries: Various
Pros
- Simple application
- Fast approval
ThinCats specialises in medium to large loans for established enterprises, offering both secured and unsecured options. It is suitable for businesses requiring tailored finance solutions with flexible terms. The platform typically caters to companies able to provide security and seeking multi-year repayment periods.
Loan Details
- Min Amount: £250,000
- Max Amount: £5,000,000
- Min APR: 6%
- Max APR: 15%
- Loan Duration: 12–60 months ⌛
Services & Industries
- Finance Types: Secured Loans, Unsecured Loans
- Industries: Medium Enterprises
Pros
- Flexible terms
- High loan amounts
Cons
- Complex application process
MarketFinance focuses on innovative lending including invoice financing and unsecured loans. It is suitable for businesses needing quick working capital with short-term repayment schedules. The platform supports borrowers in specific sectors with a technology-enabled funding experience.
Loan Details
- Min Amount: £1,000
- Max Amount: £250,000
- Min APR: 2%
- Max APR: 20%
- Loan Duration: 1–12 months ⌛
Services & Industries
- Finance Types: Invoice Finance, Unsecured Loans
- Industries: Technology, Consulting
Pros
- Quick funding option
- Innovative finance solutions
Cons
- Limited to certain industries
White Oak UK offers a broad range of financial services including asset financing and unsecured loans to SMEs. It suits businesses seeking diverse products to manage growth and cash flow. The lender focuses on providing tailored credit solutions with varying terms and conditions.
Loan Details
- Min Amount: £10,000
- Max Amount: £1,000,000
- Min APR: 5.5%
- Max APR: 18%
- Loan Duration: 3–60 months ⌛
Services & Industries
- Finance Types: Asset Finance, Unsecured Loans
- Industries: SMEs
Pros
- Diverse finance products
- Support for growth
Satago specialises in invoice financing and unsecured loans aimed at improving cash flow for UK SMEs. It is suited to businesses seeking short-term finance with manageable repayment options. The provider offers straightforward access with a focus on cash flow enhancement.
Loan Details
- Min Amount: £5,000
- Max Amount: £250,000
- Min APR: 5.9%
- Max APR: 15.9%
- Loan Duration: 1–12 months ⌛
Services & Industries
- Finance Types: Invoice Finance, Unsecured Loans
- Industries: Various
Pros
- Cash flow improvement
- Easy to manage
How to choose
Choosing the right unsecured business loan for terms over 7 years requires careful consideration of key factors. Match loan size and APR to your budget while reviewing eligibility criteria closely. Consider whether you prioritise quick approval, repayment flexibility, or specific loan features such as collateral requirements. Assess how repayment schedules fit your franchise cash flow and business seasonality. Compare fees, early repayment options, and lender reliability before applying to ensure the loan matches your operational and financial needs.
Conclusion
When seeking an unsecured business loan over 7 years, matching the lender type to your needs is essential. Banks may offer lower rates but stricter criteria. Brokers can provide access to multiple lenders and products. Specialist providers focus on niche sectors or loan types, sometimes with quicker decisions but less flexibility. Funding Agent remains a useful resource for SMEs wanting to compare various options efficiently. Always verify lender terms to suit your 200 thousand pounds loan requirements.
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