100% Recommend

The actual rate you're offered will depend on your personal circumstances – including your credit rating.

6 providers expertly compared:

Choice Loans

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Loan Amount
£5,000 - £10,000,000

Annual Percentage Rate (APR)
2.6%

Loan Term
1 - 35 years

Loan Type
Business Finance Broker

Status
Homeowners & Tenants
Max LTV 95%

Rated 5.0/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

2.6%

Total repaid will be:

£50,805

Choice business loans can arrange a wide range of business finance solutions for business of all sizes. Services include business loans. Crowdfunded business Loans, Short term unsecured business loans, Merchant cash advance, Pension led business finance, Overdraft alternatives, Asset finance, Asset backed loans, Invoice finance, Commercial mortgages.

6 providers expertly compared:

Funding Options

Loan Amount
£5,000 - £10,000,000

Annual Percentage Rate (APR)
From 2.6%

Loan Term
1 - 35 years

Loan Type
Business Finance Broker

Status
Homeowners & Tenants

Rated 5.0/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

From 2.6%

Total repaid will be:

£50,805

Funding Options is a credit broker and not a lender. They match small businesses like yours to different loan providers every day. Whether it's business loans, commercial mortgages, invoice financing, asset leasing, growth finance or something else, they can help find you a great deal.

6 providers expertly compared:

Learn More Available via broker only

Funding Circle

Loan Amount
£5,000 - £1,000,000

Annual Percentage Rate (APR)
From 3%

Loan Term
1 - 5 years

Loan Type
Business Use

Status
Homeowners & Tenants

Rated 4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

From 3%

Total repaid will be:

£50,805

Funding Circle say yes to funding a business every 5 minutes. They offer fast, affordable finance to help your business grow. Unsecured loan up to £500,000.

6 providers expertly compared:

Learn More Available via broker only

Ferratum

Loan Amount
£2,000 - £50,000

Annual Percentage Rate (APR)
%

Loan Term
5 - 1.5 years

Loan Type
Working Capital

Status
Homeowners & Tenants

Rated 4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

%

Total repaid will be:

£50,805

Ferratum Business loans provides small business owners with the working capital they need when they need it. They use both state of the art technology and highly trained loan advisors to approve business loans faster and more often.

6 providers expertly compared:

Learn More Available via broker only

IWOCA

Loan Amount
£1,000 - £15,000

Annual Percentage Rate (APR)
49%

Loan Term
0 - 1 years

Loan Type
Business
Cash Flow

Status
Homeowners & Tenants

Rated 4/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

49%

Total repaid will be:

£50,805

With iwoca you can register in a matter of minutes and its completely free to sign up. The amount you can borrow depends on your business income. They can typically lend up to one month’s revenue or up to £10K if you're a startup business.

Representative Example

6 providers expertly compared:

Learn More Available via broker only

Start Up Loans

Loan Amount
£500 - £25,000

Annual Percentage Rate (APR)
%

Loan Term
1 - 5 years

Loan Type
Start Up's

Status
Homeowners & Tenants

Rated 4.0/ 5

All credit types

Your monthly payment will be:

£169.35

Interest on this loan will be:

£18,805

Annual Percentage Rate (APR):

%

Total repaid will be:

£50,805

Start Up Loans provides new businesses the finance they need with the help of a government-backed loan. A great alternative for entrepreneurs and businesses looking for business loans to fund their start up.

Read our customer and visitor reviews for this product:

Rating: 4.5 / 5 with 2 votes

Good comparison

by Mandy Thomson

Good comparison service and lenders to choose from. Easy application form.

Plently of loans to choose from

by SL

These facility by Feasible.co.uk provided many solutions and gave me choice of several lenders as part of the search. Vey fast and no issues using them. Quick to phone me back also.

Apply for Business Loans from £5,000 to £1 Million 

Business loans can contribute hugely to the success of your company – whether it for short term cash flow, growth periods or to kick start your business idea. Lending Expert works with the best business loan providers in the UK to help find the right product for you.

Whether you are looking to borrow a £5,000 business loan or up to £10 million, we have a range of options for you to choose from including unsecured and secured options. 

To compare business loans with Lending Expert, simply use our comparison table provided and click on ‘Get a Quote’ with the lender of your choice where you will be able to apply directly. You can get a free, no obligation quote today and if successful, you can receive funds for your business in a matter of days or weeks.

 

What Are The Types of Business Loans Available Through Lending Expert?

  • Commercial business loans
  • Small business loans
  • Unsecured business loans
  • Secured business loans
  • Start-up loans
  • Bank loans
  • Invoice finance
  • Short term loans
  • Revolving credit facilities
  • Bad credit loans
  • With or without collateral

 

What is The Average Amount, Cost, Length and Term of a Business Loan?

Our business loans start at £100 to £10 million with the average duration between 1 and 35 years. 

The average APR for UK business loans since 2018 is around 4.66%. Of course, this depends upon the businesses’ credit line, turnover, the assets which are used as security, the history of the business and other factors. 

Some lenders, such as some online peer to peer or short-term business loan lenders offer rates in excess of 100%. Check the details about APR and monthly interest before applying for your loan.

We offer business loans to accommodate every kind of company size, turnover and profit – whether you would prefer to apply for an unsecured loan or to secure the loan against your office, home, plant, stock or machinery. We can help.

 

What is The Difference Between Secured and Unsecured Business Loans?

There are two main types of business loans which are offered by financial institutions. These are secured and the unsecured business loan.

Unsecured loans are loans which allow a business to borrow capital without the risk of using your business assets as security for the loan.

Secured loans are oriented to minimising the risk for the financial lender/bank. These loans require that the applicant use assets as security for the loan. If the loan is not successfully paid back, the lender can seize the assets to get their money back.

 

What Information Do I Need to Apply for a Business Loan?

 

  • Be a registered company
  • Have a business current account (in most cases)
  • Be the owner or a director of the company
  • Minimum 24 months trading history and filed accounts (unless a start-up)
  • Your business is based in the UK

 

Our loan application takes only a few minutes to be completed and you will be presented with a list of competitive rates on the screen. If you wish to proceed, you will receive a call back from one of our dedicated advisors who will be able to talk you through the process. 

You will typically be asked some basic information about the business including proof of trading history, turnover and profit and filed accounts. 

Your business will typically have a credit score and this information may or may not be assessed by some of our partner lenders.

 

How Much Can I Borrow from a Business Loan? 

Our featured lenders are able to offer business finance from £10,000 to £1 million depending on the size of your company and its profitability. Based on most business lenders in the UK, you are able to borrow up to 25% of your company’s annual turnover and repay over 1 to 15 years.

To maximise your chances of approval, it helps to have a company with at least 24 months of trading history and to be profitable. However, with such a diverse panel of lenders available through All Purpose Loans, there are products that are willing to offer business loans with no trading history and that are not yet profitable.

 

Where Can I Get a Business Loan?

Traditionally, entrepreneurs and business owners would go to their local bank branch and speak to a bank manager about getting a loan or opening a line of credit. 

However, due to advances in technology and the increasingly strict lending criteria from UK banks, searching online for business loans has become the first port of call for many.

Long are the days of visiting a bank branch, queuing in line and waiting for a decision. Today, the application, decision and funding process can be managed online from start to finish.

At Lending Expert, we are proud to work with a combination of banks, challenger banks and private lenders, helping you get a full market comparison and choose the right lender for you based on your circumstances.

Use our table provided to compare business loans and simply click on ‘Get a Quote’ to get started today.

 

Do I Need a Business Loan?

Business loans can be used for a variety of reasons although usually, the lender will ask you what you plan to use the money for, so it is best to prepare with your answer. 

Business loans are typically used for the acquisition of machinery, property, stock, land, staffing, paying off existing debts, expanding operations, opening a secondary base of operations, or moving the business’s premises.

The injection of cash into a business can be extremely useful and help keep the business profitable, growing or afloat. With a range of options and flexible terms, more and more people are searching for business loans online and finding the right solution for them – with the option to repay early if they wish to do so.

 

Can I Get a Business Loan with Bad Credit?

Yes, there are business loans available for people with bad credit. Our lenders are willing to take a view on different credit histories and will take multiple factors into consideration such as your company turnover, asset-values, type of business and trading history. 

You should not be discouraged if you have been declined previously by banks or other lenders. Our business loan providers understand that maintaining a perfect credit score is not always easy and they will always be looking for ways to help you get the loan you need.

 

How Do I Compare Business Loans with Lending Expert?

Start by using our price comparison table provided to compare the rates, loan amounts and terms. If you have found the right lender for you, simply click on ‘Get a Quote’ where you will be taken to their website where you can apply directly.

Our comparison services are designed to provide a full market overview, giving you the best choices with no fees and no obligation to proceed.

Lending Expert has helped thousands of businesses so far to secure the right funding. Our service is completely free to use and always will be.

 

FAQ

Moving premises, paying off existing debts, marketing, staying on top of cash flow, taking on new employees or purchasing more stock.

Anyone can apply for a business loan, but it must a company director that makes the application.

This will depend on your firm’s individual circumstances. Use our table to compare business loans before applying and carefully consider different variables such as your annual turnover, size of the company etc.

If you are concerned about the possibility of your business loan application being rejected due to a poor business credit rating there are a number of steps you can take to improve it. This includes: (1) Making sure you file company accounts prior to the deadline. (2) Getting your company accounts audited. (3) Making sure that any outstanding loans are paid back. (4) Always complete questionnaires sent to you by credit reference agencies.

Not always, this will depend on the lender that you choose.

It is only a requirement for a lender to be regulated if they are giving loans to limited companies. That means that some companies who provide loans to sole traders could be unregulated. All business lenders featured on Everything Financial have been fully checked and vetted beforehand.

Depending on the lender and amount you have requested to borrow, it may take anything from a few hours to a week to be approved.

There is no limit to the number of loans one company can have. However, you will need to be able to provide proof that your company can afford each loan when making a new application.

Yes, business loans can be applied for by the own or a registered company director.

This will depend on the loan you have chosen as well as the lender. For example, some banks will need you to have their own business account prior to being able to get a business loan. Some online business lenders require a business bank account, but if you are a self-employed or a sole trader, you can apply using your own current account.

Typically, the company will be charged a fee by the lender as well as interest. The missed repayment will also be registered on your business’ credit record. If you have backed the loan by assets, these could be repossessed to help the lender cover their losses.

Related Links

Business Start-up Loans

Start up loans for new businesses here in the UK. Check your eligibility and apply here on Lending Expert.

Property Development Loans

Property development finance from our UK finance brokers. Apply for the finance you need on Lending Expert.

Invoice Factoring

Invoice factoring deals from our approved finance brokers. Get a quote here on Lending Expert.

Merchant Cash Advance

Merchant cash advance finance. Get expert advice and help with business cash flow.

Revolving Credit Facilities

Revolving credit facilities available from our UK finance brokers. Request a quote and apply here on Lending Expert.

Mezzanine Finance

Our finance experts can help with Mezzanine finance and your business funding requirements.