Compare Small Business Loans

  • SMEs can access a wide variety of finance types to fund various business needs
  • A wide range of lenders, from traditional banks to online specialists, offer loans to small businesses
  • We can help you compare products and features from a number of leading business loan providers
14 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
    • Minimum Turnover: £50,000 p.a. Available Amounts: £50,000 to £10,000,000 Available Terms: 1 month to 2 years
    • Minimum Turnover: £50,000 p.a. Available Amounts: £50,000 to £10,000,000 Available Terms: 1 month to 10 years
    • Minimum Turnover: £100,000 p.a. Available Amounts: £25,000 to £10,000,000 Available Terms: 3 months to 6 years
    • See 3 EJ Finance products
    • Funding Circle logo
      Peer To Peer

      Funding Circle

      • Your business must have a minimum of 2 years’ trading history
      • A leading UK platform for Small Business Loans
      • Simple online application and decisions in as little as 1 hour
      • Rates from 2.9% to 12.1% per year - No early settlement fees
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        2 to 6 years
    • Minimum Turnover: £100,000 p.a. Available Amounts: £25,001 to £350,000 Available Terms: 2 to 6 years
    • See 1 Funding Circle product
    • Puzzle Funding logo
      Broker

      Puzzle Funding

      • Puzzle’s free service matches your business with over 100+ lenders in seconds
      • Complete your application within 3 minutes and receive funds in as little as 1 hour
      • High Acceptance Rate
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £1,000 to £15,000,000
      • Available Terms
        1 month to 25 years
    • Minimum Turnover: £50,000 p.a Available Amounts: £1,000 to £15,000,000 Available Terms: 1 month to 25 years
    • See 1 Puzzle Funding product
    • Fluidly logo
      Broker

      Fluidly

      • YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE
      • Hassle free funding options within 30 seconds
      • Team of 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
    • Minimum Turnover: £100,000 p.a. Available Amounts: £15,000 to £500,000 Available Terms: 6 months to 5 years
    • Minimum Turnover: £100,000 p.a. Available Amounts: £25,000 to £10,000,000 Available Terms: 3 months to 6 years
    • Minimum Turnover: £50,000 p.a. Available Amounts: £20,000 to £500,000 Available Terms: 1 to 7 years
    • Minimum Turnover: £50,000 p.a. Available Amounts: £15,000 to £500,000 Available Terms: 6 months to 5 years
    • See 4 Fluidly products
    • 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
    • Minimum Turnover: £50,000 p.a. Available Amounts: £1,000 to £200,000 Available Terms: up to 12 months
    • Minimum Turnover: £50,000 p.a. Available Amounts: £1,000 to £200,000 Available Terms: Up to 12 months
    • Minimum Turnover: £50,000 p.a. Available Amounts: £1,000 to £200,000 Available Terms: Up to 12 months
    • See 3 iwoca products
    • 365 Business Finance logo

      365 Business Finance

      • Your business must process credit and debit card transactions to apply for this product
      • A flexible business funding alternative
      • Cash advanced against card transactions
      • Pay back an affordable % of your card transactions
      • Minimum Turnover
        £5,000+ card transactions per month
      • Available Amounts
        £5,000 to £200,000
      • Available Terms
        4 to 18 months
    • Minimum Turnover: £5,000+ card transactions per month Available Amounts: £5,000 to £200,000 Available Terms: 4 to 18 months
    • See 1 365 Business Finance product
    • MarketFinance logo

      MarketFinance

      • Fast, flexible, frictionless business finance
      • Helping SMEs secure working capital since 2011
      • Various funding solutions available to meet all business needs
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £5,000 to £50,000
      • Available Terms
        3 months to 1 year
    • Minimum Turnover: £50,000 p.a. Available Amounts: £5,000 to £50,000 Available Terms: 3 months to 1 year
    • See 1 MarketFinance product
  • Fleximize logo

    Fleximize

    • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
    • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
    • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
    • Minimum Turnover
      £60,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      1 month to 4 years
  • NatWest Rapid Cash - Invoice Finance logo

    NatWest Rapid Cash - Invoice Finance

    • Eligibility Criteria Apply
    • Rapid Cash is an innovative, high tech solution to business financing
    • Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million
    • You could be approved within 48 hours. Security and guarantee required. Fees may apply
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £25,000 to £1,000,000
    • Available Terms
      No min/max terms
  • Portman Asset Finance logo
    Broker

    Portman Asset Finance

    • Business finance broker with specialist sector experience, offering fast and flexible finance solutions
    • Access over 40 leading UK lenders
    • Over £750 million in funding provided to thousands of small-to-medium sized UK businesses
    • Minimum Turnover
      No minimum
    • Available Amounts
      £1,000 to £10,000,000
    • Available Terms
      Up to 5 years

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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Last updated on 22 February 2021.

Small Business Loans FAQ

I have a small business, can I get a loan?

Yes, there are several types of small business loans available to business owners. They will, however, offer different rates, loan amounts and terms depending on the type of loan you choose as well as your business’s size, financial history and the provider. It’s important, therefore, to compare small business loans carefully to ensure you find one that’s just right for you.

Question heading?

What types of small business loans are there?

  • Bank loans: Some high street banks and challenger banks (the banks that have emerged since the financial crisis that may operate with fewer branches than traditional banks) will offer loans to small businesses. Banks will want to check your business credit report and your personal credit history before considering you for loan, so take this into account. Banks are often cautious about lending to small businesses, so it has become more difficult to secure lending from a bank – especially if you have a very small business without a significant trading history.
  • Peer-to-peer lending: This has become a very popular source of funding for small businesses. Peer to peer lending involves a larger number of individual investors lending small amounts that total the amount the business owner needs as a loan. The loans are usually arranged and handled by online platforms. Interest rates can be reasonable and terms are often flexible.
  • Invoice financing: For a business loan that can help to stabilise cashflow, some small businesses opt for invoice financing. This involves borrowing against the value of unpaid invoices. This type of business loan can sometimes be available to businesses with poor credit history.
  • Cash advance: Small businesses that take payments through a card machine could be eligible for a merchant cash advance small business loan. This involves borrowing cash on a short-term basis before automatically repaying it as a percentage of payments taken through the card machine.

Above are just some of the small business loan options available and you need to be aware that each loan provider will have a set of criteria against which they will make lending decisions. Before applying for a loan, it’s wise to ensure you meet the lending criteria.

What else do I need to consider before taking out a small business loan?

The type of small business loan you want is one decision to make, but you’ll also need to consider how much you need to borrow, over what period you need the money and how much you can afford to repay each month. It’s also important to think about the way you would like to repay the money. Once you have established all of these variables, you can start comparing small business loans to find the cheapest deal.

How much do small business loans cost?

This varies enormously between the types of loan, loan amount, interest rate and provider. You’ll need to take all of these factors into account when comparing small business loans. Check whether your loan carries extra charges such as arrangement fees and early repayment fees as these can sometimes make a loan more expensive, even if the interest rate seems reasonable.

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