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Compare Business Loans

  • Business loans are available for companies of all sizes and industries
  • There are many types of business loan, designed to suit particular commercial needs
  • You can compare loan amounts and term lengths in our comparison tables
THINK Business Loans Promotion

THINK Business Loans

  • Speak to one of our dedicated FCA regulated experts
  • Find the right funding for your business in minutes
  • 5 star rated on trustpilot
     Check your eligibility

    Choose your business loan type

    Business Loans All business loan types
    Asset Financing Secure finance against your assets
    Bridging Loans Short term property backed finance
    Secured Loans Loans secured against assets of the business
    RLS Recovery Loan Scheme Coming Soon
    13 products found
    • EJ Finance logo
      Broker

      EJ Finance

      • Application-to-offer within 24 hours
      • To be contacted within 3 minutes of applying
      • Access to over 200+ lenders, covering all sectors
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £10,000 to £10,000,000
      • Available Terms
        1 months to 10 years
      See Deal
    • THINK Business Loans logo
      Broker

      THINK Business Loans

      • YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE
      • Find the right loan to suit your needs from a range of finance types
      • Check your eligibility without a credit check
      • Dedicated FCA regulated experts on hand to support your application
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £50,000 to £10,000,000
      • Available Terms
        1 to 10 years
      See Deal
    • Ignite logo

      Ignite

      • Your business must be trading for 24 months or more
      • Unsecured, flexible funding available for small businesses
      • Simple registration process - get a decision within 2-4 hours, and funding within 24 hours if approved
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £3,000 to £500,000
      • Available Terms
        3 months to 10 years
      See Deal
    • Fluidly logo
      Broker

      Fluidly

      • YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE
      • Hassle free funding options within 30 seconds
      • Team of 5-star rated Funding Specialists are on hand to support your application
      • A range of products available including Recovery Loan Schemes, unsecured and asset financing
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £15,000 to £10,000,000
      • Available Terms
        3 months to 7 years
      See Deal
    • Lombard logo

      Lombard

      • Lombard specialises in business car finance
      • Lombard offers a comprehensive range of asset finance solutions
      • A simple finance solution with a credit decision in 24 hours for transactions up to £150,000
      • Security, guarantees or indemnities may be required. Product fees may apply. Finance is subject to status and is only available for business purposes
      • Minimum Turnover
        No minimum
      • Available Amounts
        Up to £150,000
      • Available Terms
        1 to 7 years
      See Deal
    • Swoop Funding logo
      Broker

      Swoop Funding

      • Your business must be trading for 12 months or more
      • Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
      • Free access every type of finance including the Recovery Loan Scheme
      • Speak to Swoop’s team of five-star Trustpilot rated experts
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        3 months to 6 years
      See Deal
    • Alius Finance Business Loans logo
      Broker

      Alius Finance Business Loans

      • Alius specialise in providing bespoke flexible finance for your business
      • Market-leading approval rates, no-obligation funding decision, typically within 24 hours
      • Flexible options available including interest-only and no early repayment penalties
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £10,000 to £2,000,000
      • Available Terms
        3 months to 5 years
      See Deal
    • Fleximize logo

      Fleximize

      • Voted "Best Business Finance Provider" at the British Bank Awards 2020
      • Industry-leading flexibility - top-ups, repayment holidays, no hidden fees
      • Interest charged on a reducing balance, repay early and only pay for the time you had the loan
      • Rates from 0.9% per month (10.8% per annum), with no additional fees
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        3 months to 4 years
      See Deal
    • Funding Xchange logo
      Broker

      Funding Xchange

      • Funding Xchange’s free service matches your eligibility against over 50 lenders in seconds
      • Complete your application online in as little as 3 minutes and you could get funded in a few hours
      • It's simple, safe and free and the search won’t affect your credit rating
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £1,000 to £500,000
      • Available Terms
        3 months to 5 years
      See Deal
    • iwoca logo

      iwoca

      • Flexible Credit Facilities of £1,000 to £200,000 for Limited Companies
      • No fees or long term commitments
      • Apply online in minutes for a decision (some decisions may take up to 24 hours)
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £1,000 to £200,000
      • Available Terms
        up to 12 months
      See Deal
    • Portman Asset Finance logo
      Broker

      Portman Asset Finance

      • Business finance broker with specialist sector experience to offer fast and flexible finance solutions
      • Access over 40 leading UK business finance providers
      • Dedicated Recovery Loan Scheme account managers
      • Minimum Turnover
        £150,000+ p.a.
      • Available Amounts
        £10,000 to £10,000,000
      • Available Terms
        Up to 5 years
      See Deal
    • Nucleus logo

      Nucleus

      • Fast service - receive your funding in 24 hours
      • Unsecured and secured business loans
      • 7 products tailored to your business
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £3,000 to £50,000,000
      • Available Terms
        3 months to 8 years
      See Deal
    • Start Up Loans (British Business Bank) logo

      Start Up Loans (British Business Bank)

      • For businesses trading under 24 months
      • Interest rate of fixed 6% per annum
      • Receive business mentoring and support after drawing down your loan
      • No application fees or early repayment fees
      • Minimum Turnover
        No minimum
      • Available Amounts
        £500 to £25,000
      • Available Terms
        1 to 5 years
      See Deal

    Also for Business

    Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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    Published on 05 July 2017. Last updated on 01 April 2021.

    How to choose a business loan

    Most business owners will find themselves looking for extra finance at some point. Whether you are looking to expand, pay off debts, invest in new equipment or regulate your cashflow, a business loan is an option to consider.

    The trouble is, finding the right business loan can be a daunting prospect. On the one hand, there’s traditional bank loans and on the other there are options like online lenders and alternative finance providers. Here at NerdWallet, we’ve put many of them in one accessible business loan comparison table, so you can find a loan to help nurture and grow your business.

    Take a look through the table at the current deals on offer. Our business loan comparison tables break down the important factors like available loan terms and amounts. Not every deal will be right for you, but our tables are a good place to start when navigating the busy business loan marketplace. And to help you further, we’ve put together a simple guide to business loans below, which may help you to better understand your options when looking for finance for your business.

    The main types of business loan

    Secured business loans

    Secured business loans are a type of business finance that requires you to put forward an asset - usually a property - as security for a loan. Secured loans often come with lower interest rates than unsecured loans as they represent less risk for the lender. They may also give you access to a larger loan amount over a longer term.

    However, they come with the added risk that you could lose your property (often your home) if you struggle to keep up with the payments.

    Commercial mortgages and asset-backed lending are two types of secured loan available to businesses.

    Unsecured business loans

    Unsecured business loans are those that don’t require security. Here are some of the main types of unsecured business loan – note that this is not an exhaustive list:

    • Bank loan: These tend to be offered by a major high street banks. They have been more difficult to obtain in recent years but are still a popular choice with established businesses with solid credit ratings.
    • Alternative business loan: Many alternative lenders and online banks will now offer business loans, usually through online-only platforms. Rates, terms and eligibility requirements differ from lender to lender.
    • Lines of credit: Lines of credit offer businesses the option of seeking a credit limit against which they can withdraw money as and when they need it. Interest is then paid only on the balance owed.
    • Merchant cash advance: Merchant cast advances, which are also sometimes known as business cash advances, are a type of business loan that is repaid automatically when a business takes a card payment from a customer. Merchant cash advances can offer finance for businesses that have poor credit ratings or a limited trading history.
    • Invoice financing: Invoice financing involves ‘selling’ unpaid invoices to a financier who makes the value of the invoice available to the business immediately in exchange for a fee.
    • Short-term loan: Short-term loans are straightforward business loans that are often offered over periods of months, as opposed to years. Cash is usually made available quickly, but interest rates can be high and loan amounts are often limited.
    • Peer-to-peer lending: Online platforms matching willing lenders (often either private equity investors or members of the public) with businesses that are seeking loans are a popular new finance model. Rates can be preferable, but eligibility might be relatively strict.

    Choosing the right type of business loan

    Although the vast array of options available may seem daunting, you’ll quickly find that your requirements and circumstances narrow the possibilities quite significantly. When comparing business loans, the table above is a good place to start as it shows the amounts a lender might offer and for how long. There is also some information about the minimum turnover your business will need to successfully apply.

    Deciding which business loan is right for you needn’t be as difficult as you might think.

    There are a few fundamental questions you can ask yourself to help you make your decision:

    1. How much do I need to borrow?
    2. How long do I need to repay the loan?
    3. How much can I afford to repay each month?
    4. Do I struggle with unpaid invoices?
    5. Do I hold equity in a property?
    6. Do I need the loan to buy a specific valuable asset?
    7. What’s my personal and business credit rating like?
    8. Do I take payment through a card machine?
    9. Do I need a lump sum all at once?

    When you have the answers to these questions, you might be able to start narrowing down the list of possible business loans.

    Finding the right business loan FAQs

    Will my personal credit rating be taken into consideration when applying for a business loan?

    Are there bad credit business loans?

    Can you get business loans for new companies?

    Are business loans regulated?

    What can I use a business loan for?

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