Top 10 Business Loan Lenders for a £200k Line of Credit in the UK
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Top 10 UK Lenders for a £200,000 Line of Credit
| Rank | Lender | Best for | Published loan range | Published rate guide |
|---|---|---|---|---|
| 1 | Bizcap | Fast-access revolving credit from just 4 months trading history | £5,000 to £750,000 | factor 1.1% to 1.4% |
| 2 | Juice | Larger revolving facilities for businesses turning over £240k and above | £50,000 to £1,000,000 | interest 1.2% to 4% |
| 3 | PayterPay | Competitive interest rates on revolving credit from £30k to £500k | £30,000 to £500,000 | interest 1.33% to 2.25% |
| 4 | Funding Circle | Established lender with revolving facilities up to £750k available | £10,000 to £750,000 | interest 18% to 24% |
| 5 | multifi | Flexible credit lines for businesses with two or more years trading | £5,000 to £350,000 | interest 1.99% to 4.99% |
| 6 | Reward Funding | High-limit facilities from £100k at some of the lowest available rates | £100,000 to £5,000,000 | interest 0.99% to 3% |
| 7 | OakNorth | For larger requirements; minimum facility size starts at £1 million | From £1,000,000 | interest |
| 8 | acornbusinessfinance | Wide-ranging facilities up to £5m suitable for growing businesses | £15,000 to £5,000,000 | Not published |
| 9 | tradebridge | Revolving facilities up to £5m for businesses with six months trading | Up to £5,000,000 | Not published |
| 10 | NatWest Bank | Credit card-based revolving facility from an established high-street bank | £500 to £10,000,000 | interest from 12.24% |
A £200,000 line of credit gives your business flexible access to working capital when you need it. Also known as a revolving credit facility, you only pay interest on what you draw down, and funds become available again as you repay. It is a practical choice for managing cash flow gaps, funding stock, or covering unexpected costs. Here we compare the top 10 business loan lenders for a 200k line of credit in the UK.
Choosing the right lender for a £200k revolving facility involves more than comparing interest rates. You will want to look at minimum turnover requirements, trading history expectations, drawdown flexibility, and how quickly funds become available. Some lenders specialise in rapid access, while others offer lower rates for stronger businesses. Our comparison table below breaks down what each lender offers so you can make an informed choice.
Important: Funding Agent is a commercial finance broker, not a direct lender. listed lenders can be accessed through our platform. Non-listed and bank lenders are included for comparison only. Rates and eligibility depend on your business profile, and not all businesses will qualify for every lender listed.
Funding Agent
Provider typeCommercial finance broker
Best forComparing suitable lender routes
Why it is included: Funding Agent is not a direct lender. 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.
Bizcap
Published loan range£5,000 to £750,000
Rate typefactor 1.1% to 1.4%
Overview: Bizcap offers a revolving credit facility from £5,000 to £750,000, making a £200k line of credit comfortably within its lending appetite.
Funding can be arranged in as little as 3 hours, suiting businesses that need rapid access to flexible working capital.
Best next step: See if Bizcap fits your £200k requirement
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Draw and repay as your cash flow dictates
- Wide lending range from £5k to £750k
- Fast turnaround in as little as 3 hours
Need to know
- Factor rate typically 1.1% to 1.4%
- May require a personal guarantee
- Security and affordability checks apply
Expert take
Bizcap suits established businesses needing quick, flexible access to a £200k revolving facility, though the factor-based pricing rewards careful drawdown management.
Source:https://www.bizcap.co.uk/
Juice
Published loan range£50,000 to £1,000,000
Rate typeinterest 1.2% to 4%
Overview: Juice provides a revolving credit facility from £50,000 to £1,000,000, with a £200k line well within its range for card-taking or high-revenue businesses.
Repayments flex with your sales performance rather than following a rigid monthly schedule, which helps during quieter trading periods.
Best next step: Explore Juice for revenue-linked credit
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Repayments scale with your revenue
- Limits from £50k up to £1m
- Suits seasonal or uneven cash flow
Need to know
- Interest typically 1.2% to 4%
- Depends on card or revenue history
- Limit may be reviewed or adjusted
Expert take
Juice works well for businesses with strong card receipts seeking a £200k line where repayment flexibility matters more than the lowest headline rate.
Source:https://www.getmejuice.com/
PayterPay
Published loan range£30,000 to £500,000
Rate typeinterest 1.33% to 2.25%
Overview: PayterPay offers a revolving credit facility from £30,000 to £500,000, so a £200k line sits comfortably within its core lending bracket.
Funding typically completes within 5 days, offering a balance of structured underwriting and reasonable speed for established businesses.
Best next step: Check PayterPay eligibility for £200k
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Straightforward revolving credit structure
- Facilities from £30k to £500k
- Competitive interest from 1.33%
Need to know
- Security may be required
- Trading history will be assessed
- Costs can rise with higher usage
Expert take
PayterPay is a solid contender for a £200k revolving facility if you can demonstrate steady trading and are comfortable with a secured arrangement.
Source:https://www.playter.co/
Funding Circle
Published loan range£10,000 to £750,000
Rate typeinterest 18% to 24%
Overview: Funding Circle provides an RCL facility from £10,000 to £750,000, making a £200k line of credit available to businesses that meet its credit criteria.
Funding can be accessed within 48 hours, offering a familiar high-street-style lending experience through an online platform.
Best next step: See Funding Circle's £200k offer
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Well-known and trusted lender
- Credit lines from £10k to £750k
- Online platform with 48-hour access
Need to know
- Interest rates from 18% to 24%
- Strong trading history expected
- Personal guarantee may be needed
Expert take
Funding Circle suits businesses prioritising a recognisable brand over the lowest rate. A £200k line here requires solid creditworthiness and tolerance for higher interest.
multifi
Published loan range£5,000 to £350,000
Rate typeinterest 1.99% to 4.99%
Overview: multifi provides a revolving credit facility from £5,000 to £350,000, making a £200k line accessible to growing businesses that need adaptable funding.
Decisions arrive within 24 hours, and the flexible drawdown structure supports businesses managing seasonal or repeat working capital needs.
Best next step: See if multifi suits your £200k need
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Quick 24-hour decision timeline
- Facilities from £5k to £350k
- Draw, repay and reuse as needed
Need to know
- Interest from 1.99% to 4.99%
- Limit can be reviewed or reduced
- Costs increase with drawn balance
Expert take
multifi offers a straightforward revolving line for businesses seeking up to £200k without excessive complexity, though limit reviews mean maintaining good account conduct is essential.
Source:https://www.multifi.co.uk/
Reward Funding
Published loan range£100,000 to £5,000,000
Rate typeinterest 0.99% to 3%
Overview: Reward Funding provides a revolving credit facility from £100,000 to £5,000,000, positioning a £200k line at the lower end of its substantial lending range.
Funding decisions arrive within 24 hours, though the facility is typically tied to asset finance, suiting businesses with equipment or machinery to secure against.
Best next step: Explore Reward Funding for asset-backed credit
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Competitive interest from 0.99%
- Large facilities up to £5m available
- Quick 24-hour funding decisions
Need to know
- Requires eligible assets as security
- May involve valuation or legal costs
- Deposits or eligibility checks may apply
Expert take
Reward Funding offers attractively low rates for a £200k revolving line, but the asset-backed structure means it is better suited to businesses with tangible assets to pledge.
Source:https://rewardfunding.co.uk/
OakNorth
Published loan rangeFrom £1,000,000
Rate typeinterest
Overview: OakNorth offers a revolving credit facility, but its published lending range starts from £1,000,000, placing a £200k line of credit below its typical minimum.
For businesses that do qualify, OakNorth brings bank-grade underwriting and relationship-led service, with funding arranged in around two weeks.
Best next step: Check if OakNorth can accommodate £200k
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Strong bank reputation and backing
- Relationship-led service model
- Broad business finance expertise
Need to know
- Minimum facility typically £1m
- Slower bank-style underwriting
- Security and strong trading history needed
Expert take
OakNorth is included for comparison, but a £200k line sits beneath its usual minimum. Larger businesses approaching £1m or more will find a stronger fit here.
acornbusinessfinance
Published loan range£15,000 to £5,000,000
Rate typeNot published
Overview: acornbusinessfinance offers a revolving credit facility from £15,000 to £5,000,000, encompassing a £200k line comfortably within its wide lending range.
Decisions are typically made within 24 hours, and the lender supports multiple finance types including asset, term and acquisition funding.
Best next step: Compare acornbusinessfinance for £200k
More info
Company stats
Loan range
Benefits
- Wide lending range to £5m
- Fast 24-hour decision turnaround
- Multiple finance types available
Need to know
- Rates are not publicly listed
- Security likely required for £200k
- Strong trading history expected
Expert take
acornbusinessfinance is worth exploring for a £200k revolving line, though the lack of published rates means you will need to engage directly to assess cost.
tradebridge
Published loan rangeUp to £5,000,000
Rate typeNot published
Overview: tradebridge provides a revolving credit facility with limits up to £5,000,000, making a £200k line of credit accessible as a mid-range facility.
Decisions are typically made within 24 hours, and the flexible drawdown structure suits businesses needing repeat access to working capital.
Best next step: See if tradebridge fits your £200k need
More info
Company stats
Eligibility
Loan range
Benefits
- Facilities available up to £5m
- Rapid 24-hour decision process
- Draw, repay and reuse repeatedly
Need to know
- Rates are not publicly listed
- Limit may be reviewed or withdrawn
- Costs vary with drawn balance
Expert take
tradebridge offers a high-limit revolving facility for businesses needing up to £200k, though the absence of published rates makes direct comparison harder.
Source:https://www.tradebridge.com/
NatWest Bank
Published loan range£500 to £10,000,000
Rate typeinterest from 12.24%
Overview: NatWest Bank provides business credit cards with limits from £500 to £10,000,000, offering a £200k line as a card-based alternative to a traditional revolving credit facility.
As a high-street bank, NatWest brings familiar service and broad product coverage, though underwriting can be stricter and slower than alternative lenders.
Best next step: Explore NatWest business credit options
More info
Company stats
Eligibility
Loan range
Rates and debtor rules
Benefits
- Major high-street bank backing
- Credit limits up to £10m available
- Flexible card-based spending access
Need to know
- Interest from 12.24% on balances
- Bank underwriting can be slower
- Strong credit history required
Expert take
NatWest's business credit card offers a £200k line through a familiar banking relationship, though it is a card product rather than a conventional revolving credit facility.
Source:https://www.natwest.com/business/loans-and-finance.html
Revolving Credit Facility Calculator
Loan Details
Loan Amount
£10,000Interest Rate
7.5%Loan Term
3 yearsRepayment Details
Secure Your Business Funding Today
With the estimated repayments, take the next step to apply for your revolving credit facility.
Apply NowWho qualifies for an unsecured £200k revolving credit facility?
A £200k revolving credit facility gives your business flexible access to working capital. You only pay interest on the funds you draw, not the full limit. Most UK lenders will expect your business to meet certain criteria before approving a facility of this size.
Typical eligibility requirements include at least 12 months of trading history and minimum annual turnover of £200,000 or more. Some specialist lenders like Bizcap may consider businesses with as little as four months of trading. Your business must be registered in the UK and have a viable trading record.
Lenders will also review your credit history, both business and personal. While these facilities are often unsecured, meaning you do not pledge assets, lenders still want evidence of consistent revenue and manageable existing debt levels.
How lenders assess your business for a no-collateral line of credit
When you apply for a £200k revolving credit facility, lenders look beyond basic eligibility. They assess your ability to manage a flexible drawdown facility responsibly over time.
Your revenue consistency matters more than total turnover. Lenders want to see steady monthly income rather than one-off spikes. Seasonal businesses may need to explain cash flow patterns in detail.
Your existing debt and credit utilisation also play a key role. If your business already carries significant debt, lenders may reduce the credit limit they offer. Bank lenders like NatWest and OakNorth typically take a more cautious approach, while specialist lenders may weigh recent trading performance more heavily.
Lenders also consider your industry sector. Some sectors, such as construction or hospitality, may face additional scrutiny due to perceived cash flow volatility. Having management accounts and up-to-date financial records strengthens your application significantly.
Why personal guarantees matter for unsecured revolving credit
Most unsecured revolving credit facilities require a personal guarantee from company directors. This is standard practice for facilities of £200,000 and above where no physical assets are pledged as security.
A personal guarantee means you become personally liable for the debt if the business cannot repay. This is a serious commitment and should not be taken lightly. Lenders use personal guarantees to align the director's interests with responsible borrowing.
Even though the facility is described as unsecured from the business's perspective, the personal guarantee acts as a form of security for the lender. It reduces their risk without requiring you to tie up specific business assets.
You can reduce your exposure by negotiating a capped guarantee rather than an unlimited one. Some directors also take out personal guarantee insurance to protect against worst-case scenarios. Always seek legal advice before signing any personal guarantee.
What to explore if your business cannot qualify for an unsecured £200k line of credit yet
If your business does not yet meet the eligibility criteria for a £200k revolving credit facility, several alternatives may still provide the working capital you need. Each option has different requirements and suits different situations.
| Alternative | Typical Limit | Best For |
|---|---|---|
| Business Overdraft | Up to £50,000 | Short-term cash flow gaps |
| Unsecured Term Loan | £10,000 to £500,000 | One-off funding needs |
| Smaller Revolving Credit | £5,000 to £100,000 | Building credit history |
| Invoice Finance | Up to 90% of invoices | Businesses with unpaid invoices |
| Business Credit Card | £500 to £25,000 | Day-to-day expenses |
Starting with a smaller revolving credit facility and building a repayment track record can help you qualify for a larger line of credit later. Some lenders, including Funding Circle and multifi, offer facilities starting from £5,000 to £10,000, allowing you to demonstrate responsible use before scaling up.
FAQs
A £200k business line of credit is a flexible funding facility that lets a business draw funds up to an agreed limit. Instead of receiving one fixed loan amount, the business can use, repay, and reuse the facility depending on cash flow needs.
A lender approves a maximum credit limit, such as £200,000, based on turnover, trading history, affordability, credit profile, and business performance. The business can then draw funds when needed and usually pays interest or fees only on the amount used.
A £200k line of credit is often suited to established businesses with regular turnover, seasonal working capital needs, stock purchasing requirements, supplier payments, project costs, or short-term cash flow gaps. Lenders will usually expect strong evidence that the facility can be repaid.
No. A business loan usually provides a fixed lump sum with set repayments over an agreed term. A line of credit is more flexible because the business can draw only what it needs, repay it, and potentially reuse the available balance during the facility period.
Yes, some small businesses can access a £200k line of credit, but approval depends on turnover, profitability, trading history, sector, credit profile, and affordability. Lenders may also request bank statements, management accounts, security, or a personal guarantee.
Compare lenders by facility size, drawdown flexibility, interest rates, arrangement fees, repayment structure, renewal terms, speed of approval, security requirements, and whether the lender suits your sector. The best lender is usually the one that matches your cash flow cycle and funding purpose.
