Best Term Loan Providers for IT support Companies in the UK
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 2025-10-08.
1. Funding Agent
Funding Agent Funding Agent provides a range of financial solutions including term loans, revolving credit, and asset finance. The focus is on supporting UK SMEs with straightforward application processes and flexible repayment options. They cater to businesses that need quick access to funding, often with minimal collateral requirements. These loans are typically suited to franchise owners and support growth and working capital needs. They offer a transparent approach with predictable terms suitable for SMEs seeking clarity.
Loan Details
- Min Amount: £5,000
- Max Amount: £250,000
- Min APR: 3.5%
- Max APR: 15.5%
- Loan Duration: 6-72 months⌛
Services & Industries
- Finance Types: Term Loan, Revolving Credit
- Industries: IT Support, Small Businesses
Pros
- Flexible terms
- Quick application process
Cons
- Higher rates for lower credit scores
2. Iwoca
Iwoca Iwoca specialises in fast business loans and flexible credit options for UK SMEs. They broker various funding products, including revolving credit and term loans. The focus is on providing quick access to working capital, often with minimal collateral. The support is suitable for franchise owners and growing businesses with predictable repayment plans and transparent pricing. The lender prioritises speed and simplicity for SMEs needing urgent liquidity.
Loan Details
- Min Amount: £1,000
- Max Amount: £1,000,000
- Min APR: 5%
- Max APR: 15%
- Loan Duration: 1-24 months⌛
Services & Industries
- Finance Types: Revolving Credit, Term Loans
- Industries: Retail, Services, Manufacturing
Pros
- Fast approval
- Flexible repayment options
Cons
- Interest rates can be high for some businesses
Sources: https://www.iwoca.co.uk/finance-explained/business-loan-interest-rates
3. Fleximize
Fleximize Fleximize offers flexible funding solutions including personal and business loans for UK SMEs. They focus on quick turnaround times, transparent terms, and tailored repayment options. This support is suitable for franchisees and companies needing adaptable finance with flexible security structures. Their funding tends to support growth, working capital, and operational needs.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 8.9%
- Max APR: 25%
- Loan Duration: 3-60 months⌛
Services & Industries
- Finance Types: Business Loans, Merchant Cash Advance
- Industries: Retail, Finance, Construction
Pros
- No early repayment fees
- Flexible terms
Cons
- Higher rates for bad credit
Sources: https://www.fleximize.co.uk/
4. Funding Circle
Funding Circle Funding Circle offers a variety of loan options for SMEs, including unsecured and secured term loans. They connect borrowers with investors through a peer-to-peer platform. The focus is on providing quick, flexible access to funding for growth and operational needs, often with straightforward eligibility criteria. Their financing is suitable for franchise expansion and working capital requirements.
Loan Details
- Min Amount: £10,000
- Max Amount: £750,000
- Min APR: 6.9%
- Max APR: 12%
- Loan Duration: 6-60 months⌛
Services & Industries
- Finance Types: Unsecured Loans, Secured Loans
- Industries: Transport, Accommodation, Hospitality
Pros
- Competitive interest rates
- Simple application process
Cons
- Higher rates for high-risk borrowers
Sources: https://www.fundingcircle.com/uk/
5. White Oak UK
White Oak UK White Oak UK provides business loans and asset finance, supporting UK SMEs with flexible terms and various financing options. They focus on supporting growth, asset purchase, and refinancing needs, often using collateral security. Their offerings tend to suit companies requiring larger loans for expansion or equipment purchase.
Loan Details
- Min Amount: £75,000
- Max Amount: £10,000,000
- Min APR: 6.95%
- Max APR: 10%
- Loan Duration: 12-60 months⌛
Services & Industries
- Finance Types: Asset Finance, Term Loans
- Industries: Manufacturing, Transport, Healthcare
Pros
- Wide range of loan sizes
- Flexible repayment terms
Cons
- High minimum loan amount
Sources: https://whiteoakuk.com/
6. Start Up Loans
Start Up Loans Start Up Loans provides personal loans and funding support for new entrepreneurs and small start-ups. The programme offers mentoring alongside funding, focusing on early-stage businesses. It is ideal for those seeking initial capital, especially with guidance on repayment and business development. The loans are suitable for startups and emerging businesses planning expansion or seed capital.
Loan Details
- Min Amount: £500
- Max Amount: £25,000
- Min APR: 6%
- Max APR: 6%
- Loan Duration: 12-60 months⌛
Services & Industries
- Finance Types: Personal Loans, Business Training
- Industries: Various Start-Ups
Pros
- Fixed interest rate
- No fees
- Mentorship provided
Cons
- Limited to start-ups only
Sources: https://www.startuploans.co.uk/
7. Capify
Capify Capify offers alternative financing options including short-term loans and merchant cash advances for UK SMEs. They focus on quick approvals and customised funding solutions, supporting rapid business growth and cash flow management. Their products are suitable for companies seeking fast funding with flexible security structures and repayment options.
Loan Details
- Min Amount: £5,000
- Max Amount: £3,000,000
- Min APR: 15%
- Max APR: 67.89%
- Loan Duration: 3-12 months⌛
Services & Industries
- Finance Types: Merchant Cash Advance, Small Business Loans
- Industries: Hospitality, Retail, Services
Pros
- Same-day funding available
- High loan limits
Cons
- Higher APR compared to traditional banks
Sources: https://www.capify.co.uk/
8. Lending Crowd
Lending Crowd Lending Crowd is a peer-to-peer lending platform that provides flexible loan options for UK SMEs. They connect borrowers with investors seeking alternatives to traditional bank finance. Their offerings include work capital, expansion finance, and other loan types, often with quicker approval times. Suitable for franchise businesses and expanding SMEs, their focus is on transparent, accessible funding streams.
Loan Details
- Min Amount: £5,000
- Max Amount: £500,000
- Min APR: 4.9%
- Max APR: 15.9%
- Loan Duration: 6-60 months⌛
Services & Industries
- Finance Types: Peer-to-Peer Loans, Business Loans
- Industries: Technology, Manufacturing, Retail
Pros
- No early repayment fees
- Flexible loan amounts
Cons
- Limited to businesses with at least 2 years of trading
Sources: https://www.lendingcrowd.com/
9. Nucleus Commercial Finance
Nucleus Commercial Finance Nucleus offers tailored financial solutions including asset finance, invoice finance, and unsecured loans. They provide support for growth, refinancing, and asset purchase needs. Often working with larger clients, their options accommodate secured and unsecured lending with flexible terms. This makes them suitable for medium to large firms seeking customised funding.
Loan Details
- Min Amount: £10,000
- Max Amount: £50,000,000
- Min APR: 6%
- Max APR: 19.9%
- Loan Duration: 6-72 months⌛
Services & Industries
- Finance Types: Invoice Finance, Asset Finance, Unsecured Term Loans
- Industries: Manufacturing, Construction, Healthcare
Pros
- High maximum loan amount
- Variety of financial products
Cons
- Complex application process
Sources: https://nucleuscommercialfinance.com/
10. Liberis
Liberis Liberis specialises in revenue-based loans and flexible repayment options for UK SMEs. They focus on providing funding tied to cash flow, suitable for seasonal and variable revenue streams. Their products support businesses with fluctuating income, offering quick access and adaptable terms. These loans are ideal for firms that want to align repayments closely with revenue patterns.
Loan Details
- Min Amount: £2,500
- Max Amount: £300,000
- Min APR: 0%
- Max APR: 0%
- Loan Duration: 3-12 months⌛
Services & Industries
- Finance Types: Revenue-based Finance
- Industries: Retail, Hospitality, Healthcare
Pros
- Flexible repayment tied to revenue
- Fast funding
Cons
- Repayment amount can fluctuate monthly
Sources: https://www.liberis.co.uk/
How to choose
Matching a provider to your needs involves assessing loan size and APR against your budget and repayment capacity. For IT support companies, quick access and flexibility may be priorities. Consider whether a bank offers the security of larger secured loans or if brokered options provide more tailored, fast finance. Review eligibility criteria, fees, and early repayment terms to make informed decisions. Prioritise providers that align with your growth plans and cash flow characteristics.
Conclusion
Matching the right provider depends on your specific needs. Bank lenders and brokers often serve different purposes. Banks may offer larger secured loans, while brokers can access a wider range of products quickly. Specialist lenders and alternative finance firms like Funding Agent focus on rapid, flexible solutions for SMEs. Always confirm current costs and terms with the lender; pricing may change.
