Top 10 Business Loans for Non-Limited Companies in the UK – 2026 Guide
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Top 10 business loans for non-limited companies
| Rank | Lender | Best for | Published loan range | Loan rate |
|---|---|---|---|---|
| 1 | WayFlyer | Established sole traders and partnerships needing larger unsecured funding | £10,000 to £2,000,000 | interest 18% to 22% annually |
| 2 | Swishfund | Trading partnerships and sole traders with at least one year of accounts | £10,000 to £450,000 | interest 1.1% to 3% monthly |
| 3 | CubeFunder | Newer sole traders and partnerships with modest turnover levels | £5,000 to £100,000 | interest 2.5% to 4% monthly |
| 4 | Bizcap | Non-limited businesses needing fast short-term working capital | £5,000 to £750,000 | factor 1.1% to 1.4% monthly |
| 5 | Capify (includes Rapital) | Growing sole traders and LLPs funding expansion or cash flow | £10,000 to £1,000,000 | factor 1.1% to 1.35% monthly |
| 6 | Funding Circle | Established non-limited businesses wanting fixed-rate term loans | £10,000 to £750,000 | interest 18% to 24% annually |
| 7 | Iwoca | Startup sole traders and partnerships with limited trading history | £0 to £1,000,000 | interest 1.6% to 5.6% monthly |
| 8 | Tide Bank | For comparison; check if your non-limited structure qualifies | £500 to £20,000,000 | interest 5% to 11.5% annually |
| 9 | Barclays | Sole traders and partnerships wanting a high-street bank loan | £1,000 to £25,000,000 | interest 8.5% to 14.9% annually |
| 10 | Growth Lending | Larger non-limited companies needing growth capital above £2 million | £2,000,000 to £10,000,000 | interest 7.5% to 15% annually |
An unsecured business loan provides funding without requiring physical assets as collateral, making it a practical option for sole traders, partnerships and LLPs who may not hold commercial property or large asset pools. Because non-limited companies carry personal liability for business debts, unsecured lending removes the added pressure of putting up property against the loan. This type of finance suits working capital needs, growth projects, and cash flow smoothing for businesses that trade as individuals or partnerships rather than limited companies.
Comparing lenders for unsecured business loans goes well beyond the headline interest rate. Non-limited applicants should look at whether a lender explicitly accepts sole traders and partnerships, as many high-street options are structured for limited companies only. Funding speed matters for cash flow-critical needs, and minimum turnover thresholds can rule out smaller or newer trading operations. The true cost of borrowing, including arrangement fees and early settlement terms, also varies widely. Checking that a lender does not require homeownership as a pre-condition is especially relevant for non-limited borrowers.
Important note:
Funding Agent
Published loan rangeFrom £10,000 to up to £1,000,000
Rate typeInterest from 6.8% annually
Why it is included:It is included because many business owners need to compare several finance routes before choosing where to apply.
Funding Agent can help businesses compare suitable options across a lender panel, especially when eligibility depends on turnover, sector, trading history, credit strength and available documents.
Best use case: When the borrower wants to avoid applying to one lender at a time.
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Why it stands out
- Useful when a business wants to compare lender fit rather than guess which lender to apply to first.
- Can help position the application around the funding purpose, trading profile and available documents.
- Works well as a conversion route for readers who are unsure whether a direct lender will approve a larger unsecured facility.
Need to know
- Funding Agent is a broker, not a lender.
- The lender, not Funding Agent, sets the final rate, term, fees and approval decision.
- The best match may be unsecured, secured, revolving credit, invoice finance or another product depending on the case.
Expert take
Funding Agent is a useful honourable mention for business owners who want to compare lender options before submitting a full application. A larger unsecured loan is not always approved by the first lender a business finds, so understanding lender fit early can reduce wasted time and avoid unnecessary declines.
WayFlyer
Published loan range£10,000 to £2,000,000
Rate typeinterest 18% to 22% annually
Overview: Sole traders and partnerships can access term loans here at fixed annual rates between 18% and 22%, with facilities stretching from £10,000 to £2,000,000. WayFlyer lends to non-limited businesses that can offer asset security, which keeps pricing predictable across the term. Expect a personal guarantee and a charge over business or personal property.
Best next step: Check eligibility with no credit footprint
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Fixed annual rates make budgeting easier
- Large facility cap of £2,000,000
- Accepts sole traders and partnerships
Need to know
- Security and personal guarantee required
- Minimum facility is £10,000
- Property-backed lending only
Expert take
WayFlyer operates a secured term-loan model aimed at established trading businesses. For non-limited companies with significant assets to pledge, it opens up larger facilities than many unsecured alternatives.
Source:https://www.wayflyer.com/
Swishfund
Published loan range£10,000 to £450,000
Rate typeinterest 1.1% to 3% monthly
Overview: Swishfund structures its term loans around monthly interest charges of 1.1% to 3%, which suits sole traders and LLPs wanting short-term, predictable repayment schedules. Facilities range from £10,000 to £450,000 and funding can land within 24 hours. Security is required, so you will need business or personal assets to back the loan.
Best next step: Apply through Funding Agent today
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Monthly rate structure keeps costs transparent
- Funding available within 24 hours
- Partnerships and sole traders welcomed
Need to know
- Asset security is mandatory
- Minimum loan size is £10,000
- Personal guarantee likely required
Expert take
Swishfund is a specialist secured lender with a straightforward monthly pricing model. Non-limited businesses that can meet the asset-backing requirement benefit from quick decisions and clear repayment terms.
Source:https://www.swishfund.co.uk/
CubeFunder
Published loan range£5,000 to £100,000
Rate typeinterest 2.5% to 4% monthly
Overview: With a lower entry point of £5,000 and monthly rates from 2.5% to 4%, CubeFunder suits sole traders and small partnerships that need modest working capital without the complexity of larger facilities. The lender caps at £100,000 and funds within 24 hours. Security is still required, so be prepared to put forward personal or business assets.
Best next step: Get matched with CubeFunder via Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Lower minimum facility of £5,000
- Quick 24-hour funding turnaround
- Sole traders and small partnerships eligible
Need to know
- Security required despite smaller loans
- Monthly rates from 2.5% to 4%
- Maximum facility capped at £100,000
Expert take
CubeFunder is a smaller-ticket secured lender that keeps the barrier to entry low. Non-limited businesses needing quick, modest funding can access it without needing the asset base that larger facilities demand.
Source:https://www.cubefunder.com/
Bizcap
Published loan range£5,000 to £750,000
Rate typefactor 1.1% to 1.4% monthly
Overview: Bizcap turns applications around in as little as three hours, making it one of the fastest routes to funding for sole traders and partnerships. Facilities from £5,000 to £750,000 carry monthly factor rates of 1.1% to 1.4%, and the revolving structure lets you draw, repay and reuse capital. Security and a personal guarantee underpin the facility.
Best next step: Explore Bizcap's revolving facility today
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Funding decisions in three hours
- Revolving facility you can reuse
- Accepts all non-limited structures
Need to know
- Security and personal guarantee needed
- Factor rates apply monthly
- Limit may be reviewed or withdrawn
Expert take
Bizcap is a speed-driven secured lender with a revolving credit model. For non-limited businesses that can pledge assets, the three-hour decisions and reusable working capital make it a practical choice for managing uneven cash flow.
Source:https://www.bizcap.co.uk/
Capify (includes Rapital)
Published loan range£10,000 to £1,000,000
Rate typefactor 1.1% to 1.35% monthly
Overview: Monthly factor rates of 1.1% to 1.35% make Capify's pricing easy to track, with facilities from £10,000 to £1,000,000 landing within 24 hours. Sole traders, partnerships and LLPs can all apply. Security is non-negotiable.
Best next step: Apply for Capify through Funding Agent
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Large facility ceiling of £1,000,000
- Simple monthly factor-rate pricing
- 24-hour funding for approved deals
Need to know
- Security-backed lending only
- £10,000 minimum facility applies
- Personal guarantee typically required
Expert take
Capify is a long-established secured lender with a clean factor-rate model. Non-limited companies that can pledge assets and need mid-to-large facilities will find the straightforward pricing and quick turnaround appealing.
Source:https://capify.co.uk/
Funding Circle
Published loan range£10,000 to £750,000
Rate typeinterest 18% to 24% annually
Overview: With annual interest between 18% and 24%, Funding Circle's revolving facility gives sole traders and partnerships from £10,000 to £750,000 to draw and repay as needed. Decisions take around 48 hours and security is mandatory.
Best next step: See if Funding Circle fits your needs
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Revolving credit for cash-flow flexibility
- Annual interest rate, not monthly
- Long-established peer-to-peer platform
Need to know
- Asset security is mandatory
- 48-hour turnaround, not same-day
- Personal guarantee likely applies
Expert take
Funding Circle is a peer-to-peer lender with a well-known revolving product. Non-limited businesses comfortable with annualised interest and a slightly longer decision window gain flexible working capital they can manage alongside seasonal income.
Iwoca
Published loan range£0 to £1,000,000
Rate typeinterest 1.6% to 5.6% monthly
Overview: For sole traders who need flexibility, Iwoca sets no fixed minimum loan, scaling from overdraft-style amounts to £1,000,000 at monthly rates of 1.6% to 5.6%. Funding lands within 24 hours. Security is mandatory at every level.
Best next step: Check your Iwoca eligibility now
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- No fixed minimum facility size
- Accepts all non-limited business types
- Funding within 24 hours
Need to know
- Security required at every level
- Monthly interest up to 5.6%
- Personal guarantee is standard
Expert take
Iwoca is a flexible secured lender that removes the minimum-loan barrier entirely. Non-limited businesses that need small or large sums and can provide asset security will appreciate the scalable facility and broad acceptance criteria.
Source:https://www.iwoca.co.uk/
Tide Bank
Published loan range£500 to £20,000,000
Rate typeinterest 5% to 11.5% annually
Overview: Tide Bank brings mainstream lending rates to the non-limited market, charging 5% to 11.5% annually on facilities from £500 to £20,000,000. Funding lands within 24 hours. Expect stricter bank underwriting and affordability checks in return for those lower rates.
Best next step: See Tide Bank's rates and criteria
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates from 5%
- Very wide facility range up to £20M
- Small minimum loan of just £500
Need to know
- Stricter bank underwriting applies
- Strong trading history expected
- May require security or guarantee
Expert take
Tide is a digital-first bank that extends mainstream lending rates to eligible non-limited businesses. Sole traders and partnerships with solid accounts and trading records may access cheaper funding than through specialist secured lenders.
Barclays
Published loan range£1,000 to £25,000,000
Rate typeinterest 8.5% to 14.9% annually
Overview: Through its Green Barclayloan, Barclays lends to non-limited businesses at annual rates of 8.5% to 14.9%, with facilities from £1,000 to £25,000,000. The product is tied to sustainability spending, so sole traders and partnerships investing in green upgrades are the natural fit. Bank underwriting is thorough.
Best next step: Explore Barclays green business lending
More info
Company stats
Loan range
Rates and debtor rules
Benefits
- Competitive annual rates from 8.5%
- Facilities available from just £1,000
- Sustainability-linked lending focus
Need to know
- Bank-grade underwriting is rigorous
- Funds must tie to green purposes
- Strong accounts and history needed
Expert take
Barclays brings high-street lending credibility to non-limited companies pursuing sustainability projects. Sole traders and partnerships investing in green equipment or premises upgrades benefit from rates that alternative lenders rarely match.
Growth Lending
Published loan range£2,000,000 to £10,000,000
Rate typeinterest 7.5% to 15% annually
Overview: Growth Lending handles facility sizes from £2,000,000 to £10,000,000 at annual interest of 7.5% to 15%, targeting substantial LLPs and well-capitalised partnerships. Detailed due diligence, forecasts and asset security are prerequisites for every deal.
Best next step: Enquire about Growth Lending's large facilities
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Large facilities from £2M to £10M
- Annual interest from 7.5%
- Suits substantial partnerships and LLPs
Need to know
- Detailed due diligence required
- £2M minimum excludes smaller firms
- Security and forecasts are mandatory
Expert take
Growth Lending serves the upper end of the non-limited market with institutionally priced term loans. Large LLPs and well-capitalised partnerships seeking acquisition or expansion finance will find the rates competitive against bank alternatives.
Source:https://growthlending.com/
Business Loan Calculator
What eligibility criteria apply to business loans for non-limited companies
Lenders assess sole traders, partnerships and LLPs differently to limited companies. You will typically need to show steady trading history and reliable revenue rather than filed accounts. Below is a snapshot of minimum thresholds across selected lenders on this page.
| Lender | Min turnover | Min trading history | Homeowner needed |
|---|---|---|---|
| Iwoca | £5,000 | 1 month | No |
| CubeFunder | £4,000 | 3 months | No |
| Funding Circle | £30,000 | 1 year | No |
| Swishfund | £50,000 | 1 year | No |
| WayFlyer | £100,000 | 2 years | No |
Most lenders on this page ask for a personal guarantee from directors or business owners. None of the specialist lenders here require you to be a homeowner, which makes these facilities accessible to sole traders and partnerships who rent their premises.
How unsecured business loans work for sole traders and partnerships
Unsecured business loans let non-limited companies borrow without offering property, equipment or other assets as security. This makes them a practical choice for sole traders and partnerships who may not hold significant business assets on their balance sheet.
Instead of asset security, lenders nearly always require a personal guarantee. This means you as the business owner are personally responsible for repaying the debt if the business cannot. It is a serious commitment, but standard practice across UK business lending for non-limited entities.
Loan terms available to sole traders and partnerships range from short facilities of three months through to instalment terms of up to five years with Iwoca. Bank lenders like Barclays and Tide can extend terms to 15 years or more for larger facilities aimed at established businesses.
Because these loans are unsecured, rates tend to be higher than secured alternatives. Specialist lenders typically use monthly pricing structures, while banks quote annual rates. We compare the numbers in the next section.
Comparing interest rates and costs on non-limited company business loans
Rates for non-limited company loans fall into two camps: monthly-priced facilities from specialist lenders and annual-priced loans from banks. Understanding this split helps you compare total borrowing costs accurately.
Specialist lenders on this list charge monthly rates. Swishfund publishes rates from 1.1% to 3% per month, while Capify ranges from 1.1% to 1.35% per month. Iwoca sits between 1.6% and 5.6% per month, and CubeFunder charges 2.5% to 4% per month.
Bank options price annually. Tide offers rates from 5% to 11.5% per year, and Barclays ranges from 8.5% to 14.9% per year. Some specialist lenders also use annual pricing: Funding Circle publishes 18% to 24% per year, and WayFlyer sits at 18% to 22% per year.
Bizcap and Capify use factor rates rather than traditional interest, which means your total repayment is fixed from the start. This can make cash flow planning simpler for partnerships and sole traders who prefer predictable outgoings.
What sole traders and LLPs should check before applying for a business loan
Before applying, check that you meet the lender's minimum criteria. A declined application can leave a footprint on your credit file, so it pays to compare thresholds before submitting any forms.
Loan size is one factor. If you only need a small facility, CubeFunder and Iwoca both accept applications from £5,000 or below. For larger needs, WayFlyer and Funding Circle go up to £2,000,000 and £750,000 respectively. Tide and Barclays can handle facilities into the millions for established businesses with strong trading records.
Term flexibility matters too. Short terms suit working capital needs; longer terms reduce monthly outgoings but increase total interest paid. Check whether early repayment is permitted without penalty, as this varies by lender and can affect your overall cost.
Finally, consider whether a personal guarantee fits your risk appetite. Almost every lender on this page requires one, so factor that personal liability into your decision before you apply.
