April 7, 2026
Lists

Best Secured Business Loan Lenders for the Engineering Industry

Discover the best secured business loan lenders tailored for the UK engineering industry. Find competitive rates, flexible terms, and expert support to grow your engineering business.
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Best Secured Business Loan Lenders for the Engineering Industry
James Laden
Co-founder and CEO

James Laden is the Co-founder and CEO of Funding Agent. He has 8 years of experience working with major financial companies in the UK, and now focuses on making business funding simpler for SMEs through a faster, technology-led application journey. He writes about business lending, alternative finance, and what lenders look for when assessing applications.

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 2026-03-30.

1. Barclays

Barclays offers business loans focused on meeting a wide range of UK company finance needs through fixed and variable rate options. These loans typically suit franchise buyers and SMEs looking for predictable repayment terms. The provider emphasises structured lending with options reflecting different collateral and loan-to-value considerations.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Secured Business Loans, Commercial Mortgages, Cashflow Finance
  • Industries: Engineering

Pros

  • Wide range of financial products
  • Strong reputation

Cons

  • APR information not readily available

Sources: Source

2. Close Brothers

Close Brothers focuses primarily on asset-based lending solutions relevant for UK companies needing finance secured on assets. This lender is typically suitable for businesses requiring flexibility around asset finance and commercial funding. Their offerings often include options with varied collateral arrangements and repayment structures suitable for engineering and similar industries.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Asset Finance, Commercial Finance
  • Industries: Engineering

Pros

  • Expertise in asset-based lending
  • Flexible funding options

Cons

  • APR information not specified

Sources: Source

3. Fleximize

Fleximize offers both secured and unsecured loan options catering to UK SMEs looking for flexible financing terms. This provider is suitable for franchise operators and small businesses requiring adaptable repayment plans and potential loyalty benefits. The lender emphasises speed and flexibility with accessible funding solutions generally brokered to meet different borrower needs.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0.9%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Business Loans
  • Industries: Engineering

Pros

  • Flexible terms
  • Loyalty rewards program

Cons

  • Limited APR range publicly available

Sources: Source

4. Lloyds Bank

Lloyds Bank specialises in business and capital finance solutions focused on the growth needs of UK enterprises. Their business loans suit franchise buyers and SMEs seeking structured lending with tailored terms. The bank offers options often secured with commercial mortgages and featuring predictable repayment schedules.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Business Loans, Commercial Mortgages
  • Industries: Engineering

Pros

  • Comprehensive range of business support services

Cons

  • Detailed APR info unavailable online

Sources: Source

5. NatWest

NatWest delivers tailored business loans designed for small to medium UK enterprises, focusing on flexible terms and competitive rates. These loans suit franchise buyers and SMEs seeking predictable repayment plans with no arrangement fees. The loans typically feature a straightforward structure suitable for working capital or growth projects.

Loan Details

  • Min Amount: £1,000
  • Max Amount: £50,000
  • Min APR: 11.3%
  • Max APR: 11.3%
  • Loan Duration: 1 to 7 years

Services & Industries

  • Finance Types: Small Business Loans
  • Industries: Engineering

Pros

  • No arrangement fee
  • No early repayment fees

Cons

  • Limited loan size range

Sources: Source

6. Nucleus Commercial Finance

Nucleus Commercial Finance provides a range of unsecured and secured finance options, focusing on UK SMEs seeking tailored funding solutions. This lender suits businesses needing flexible access to growth capital with consideration of varied security arrangements. Their loans typically offer adaptable repayment schedules and brokered access to support growth objectives.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Unsecured Business Loans, Secured Loans
  • Industries: Engineering

Pros

  • Flexible finance solutions

Cons

  • APR data not detailed on site

Sources: Source

7. Portman Finance Group

Portman Finance Group specialises in connecting UK SMEs with commercial and government-backed loan facilities. It suits franchise buyers and businesses looking for broad loan amount options with tailored security requirements. Their service emphasises brokered access with flexible repayment terms suited to a variety of industries, including engineering.

Loan Details

  • Min Amount: £10,000
  • Max Amount: £2,000,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Commercial Loans, Asset Finance
  • Industries: Engineering

Pros

  • Offers both commercial and government-backed loans
  • Flexible loan amounts

Cons

  • APR details not widely available

Sources: Source

8. Shawbrook

Shawbrook Bank focuses on offering business and property finance aimed at UK SMEs prioritising growth. The loans are commonly suitable for franchise buyers seeking diverse lending options backed by property. Shawbrook emphasises tailored products with flexibility in terms and suitable security structures.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Business Loans, Property Finance
  • Industries: Engineering

Pros

  • Diverse range of financial products tailored for growth

Cons

  • APR information not specified

Sources: Source

9. Time Finance

Time Finance offers secured loan products focused on UK SMEs needing tailored funding for development and growth. Typical suitability includes businesses requiring secured funding with flexible terms supporting cash flow management. The lender offers personalised support with loan structures adaptable to borrower needs.

Loan Details

  • Min Amount: £50,000
  • Max Amount: £500,000
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Secured Loans, Development Loans
  • Industries: Engineering

Pros

  • Supportive tailored solutions
  • Secured funding options

Cons

  • Lacks detailed APR indications

Sources: Source

10. White Oak UK

White Oak UK specialises in commercial and asset finance solutions supporting SMEs across the UK. It is generally suitable for franchise buyers and companies needing structured loan options with consideration of collateral. Their products typically include flexible lending backed by business assets and tailored repayment schedules.

Loan Details

  • Min Amount: £0
  • Max Amount: £0
  • Min APR: 0%
  • Max APR: 0%
  • Loan Duration: Unknown

Services & Industries

  • Finance Types: Commercial Loans, Asset Finance
  • Industries: Engineering

Pros

  • Experienced SME financial solutions provider

Cons

  • Comprehensive APR data not found

Sources: Source

How to choose

When selecting secured business loan lenders for the engineering industry, focus on matching loan size and APR to your operational budget and project needs. Assess lender eligibility criteria and the degree of flexibility offered in repayment terms. Consider how the loan repayment fits within your business cash flow and any seasonal fluctuations. Evaluate whether the lender requires collateral and what types are acceptable, such as property or assets. Check loan processing speed if fast access to funds is essential. Always review any fees, including arrangement and early repayment fees, before committing.

Conclusion

The best lender depends on your business needs and the specific use case for the loan. Traditional banks generally provide predictable terms suited for established businesses and those seeking secured finance. Brokers may offer access to a wider range of specialist lenders and more flexible products, suitable for businesses with unique requirements. Specialist lenders often cover niche financing needs or short-term funding with different collateral considerations. Confirm details through trusted sources like the Funding Agent before applying for a loan in the region of 200 thousand pounds.

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FAQs

What is a secured business loan?
Why are secured loans beneficial for engineering businesses?
How do I qualify for a secured business loan in the engineering sector?
What types of assets can engineering businesses use as collateral?
How do I choose the best secured loan lender for my engineering business?
Can start-up engineering firms get secured business loans?

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1BarclaysBarclays provides a range of business loan options including fixed and variable loans designed to meet UK businesses' finance needs.£0–£0; 0%–0% APR; Unknown
2Close BrothersClose Brothers offers various asset-based lending solutions such as asset finance and commercial finance for UK businesses across diverse sectors.£0–£0; 0%–0% APR; Unknown
3FleximizeFleximize provides flexible, unsecured and secured business loans with loyalty rewards for UK SMEs.£0–£0; 0.9%–0% APR; Unknown
4Lloyds BankLloyds Bank offers business loans and capital finance solutions tailored to the growth ambitions of UK businesses.£0–£0; 0%–0% APR; Unknown
5NatWestNatWest offers tailored business loans suitable for small to medium enterprises in the UK with competitive rates and flexible terms.£1,000–£50,000; 11.3%–11.3% APR; 1 to 7 years
6Nucleus Commercial FinanceNucleus Commercial Finance offers a variety of finance solutions including unsecured business loans and growth capital to empower UK SMEs.£0–£0; 0%–0% APR; Unknown
7Portman Finance GroupPortman Finance Group connects UK SMEs with commercial and government-backed loans tailored to their specific needs.£10,000–£2,000,000; 0%–0% APR; Unknown
8ShawbrookShawbrook Bank specializes in savings, loans, and property finance for UK businesses, providing solutions that support growth.£0–£0; 0%–0% APR; Unknown
9Time FinanceTime Finance offers secured loan funding to support UK SMEs, tailoring solutions for business development and growth.£50,000–£500,000; 0%–0% APR; Unknown
10White Oak UKWhite Oak UK specializes in business finance solutions, including commercial and asset finance, to support SMEs.£0–£0; 0%–0% APR; Unknown