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
11 products found
    • 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 4.3% 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
    • Funding Circle Recovery Loan Scheme
    • See 1 Funding Circle product
    • 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
    • EJ Finance Bridging Loans
    • EJ Finance Secured Loans
    • EJ Finance Recovery Loans Scheme
    • See 3 EJ Finance products
    • 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
    • THINK Business Loans Working Capital Loans
    • THINK Business Loans Secured Loans
    • THINK Business Loans Property Development Finance
    • THINK Business Loans Bridging Loans
    • THINK Business Loans Merchant Cash Advance
    • THINK Business Loans Credit Line
    • THINK Business Loans Unsecured Loans
    • THINK Business Loans Tax Loans
    • THINK Business Loans Asset Financing
    • See 9 THINK Business Loans products
    • 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
    • Fluidly Unsecured Business Loans
    • Fluidly Asset Financing
    • Fluidly Recovery Loan Scheme
    • Fluidly Working Capital Loans
    • 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
    • iwoca Credit Lines
    • iwoca Working Capital Loans
    • iwoca Unsecured Loans
    • See 3 iwoca products
    • 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
    • Swoop Funding Short Term Business Loans
    • Swoop Funding Asset Finance
    • Swoop Funding Merchant Cash Advance
    • Swoop Funding Working Capital Loans
    • Swoop Funding Unsecured Business Loans
    • Swoop Funding Bridging Loans
    • Swoop Funding Recovery Loans Scheme
    • Swoop Funding Secured Business Loans
    • See 8 Swoop Funding products
  • 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
  • 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
      £10,000 to £10,000,000
    • Available Terms
      Up to 5 years
    • 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
    • Nucleus Working Capital Loan
    • Nucleus Unsecured Loans
    • Nucleus Short Term Business Loan
    • See 3 Nucleus products

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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