Compare UK Business
Loan Lenders:
Rates & Terms (2026)

Eligibility criteria vary by lender, but most UK business loan lenders look at factors such as how long you’ve been trading, your monthly or annual turnover, your credit profile, and your business bank statements. Some lenders offer loans to startups and newer businesses, while others prefer at least 6–12 months of trading history. You don’t usually need perfect credit, as many lenders focus more on business performance and affordability.

Funding times depend on the lender and the type of loan, but many UK lenders can provide a decision within hours and release funds within 24–72 hours once approved. Faster funding is often available for unsecured or short-term business loans, provided all required information is submitted promptly.

Interest rates vary based on your business profile, loan amount, term length, and perceived risk. Rates are typically more competitive for established businesses with strong cash flow, while newer or higher-risk businesses may pay higher rates. Lenders usually present costs as a fixed rate, APR, or total repayable amount, so it’s important to review the full cost of borrowing before proceeding.

Not always. Many UK business loans are unsecured, meaning you don’t need to provide assets as collateral. However, secured loans may be available for larger amounts or lower interest rates and can require property, equipment, or other assets. Some lenders may ask for a personal guarantee, especially for small businesses or startups.

Most lenders require basic business and financial information, such as:

• Proof of identity and address
• Business bank statements (usually the last 3–12 months)
• Company details (sole trader, limited company, or partnership)
• Proof of turnover or recent accounts (if available)

Many lenders now use open banking, which can speed up the process and reduce paperwork.