Compare the best business loans and financing of 2024

Launch or grow your small business by comparing finance options from UK lenders.

Promoted for instant comparisons
Funding Options Unsecured Loan logo
Funding Options Unsecured Loan
7.63% APR representative (variable)
Access expert help throughout the process
120+ lenders
High loan amounts
Connect with Tide
Promoted for no fee
Capital on Tap Business Rewards Credit Card logo
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Capital on Tap Business Rewards Credit Card
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35.2% APR representative (variable)
Uncapped 1% cashback
Uncapped cashback
Redeem points for Avios
Exclusive business offers
Best for fast funding
Love Finance business loan logo
Love Finance business loan
Fixed interest rates
Receive funds in 24 hours
Instant quotes
Flexible repayments
Quick funding facility
★★★★★
1,100+ customer reviews

Compare business loans

Table: sorted by loan terms, promoted deals first

1 - 4 of 4
Name Product Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
Tide Business Loan
Fixed or variable rate Asset finance loan
£1,000 to £20,000,000
1 month to 72 months
N/A annual turnover,
N/A trading
Connect your business bank account and gain access to business loans (Terms & Conditions apply).
iwoca Flexi-Loan
Variable rate Unsecured loan
£1,000 to £500,000
1 to 24 months
£25,000 annual turnover,
6 months trading
Your business loan rate varies based on your circumstances. Interest applies only to your outstanding balance on days you use the loan – there are no early repayment fees. Limited companies only.
Representative example: Borrow £10,000 over 12 months at a rate of 40% p.a. (variable). Representative APR 49% and total payable £12,294.
Nest Unsecured Business Loan
Fixed rate Unsecured loan
£10,000 to £5,000,000
No specified loan terms
£200,000 annual turnover,
12 months trading
Portman Finance Business Loan
Fixed or variable rate Asset finance loan
£10,000 to £2,000,000
3 to 72 months
£100,000 annual turnover,
1 year trading
Representative example: Borrow £30,000 over 3 years at a rate of 7.26% p.a. (fixed). Total payable £36,537.84 in 36 monthly repayments of £1014.94.
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More often than not, you need money in order to make money. A business loan can give a company the capital it needs to get off the ground or to get to the next stage of its evolution. That might require just a few thousand pounds or hundreds of thousands, for a couple of months or a couple of decades. There’s a range of lenders out there to cater to the full spectrum of what you need.

Companies usually apply for a business loan when they need to borrow cash or capital from a bank. The amount is repaid with interest and fees may apply. Government-backed start-up loans are also available to those eligible.

Compare alternative business financing

Table: sorted by APR, promoted deals first

1 - 2 of 2
Name Product Purchases Credit limits Annual fee Representative APR Key benefit Representative example
Capital on Tap Business Credit Card
35.15%
£1,000 to £250,000
£0
35.2% APR (variable)
Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback)
Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.2% APR (variable).
Capital on Tap Business Rewards Credit Card
35.15%
£1,000 to £250,000
£99
35.2% APR (variable)
Earn 1 point for every £1 of card spend. Redeem 1 point for 1p (1% cashback)
Representative example: When you spend £1,200 at a purchase rate of 35.15% (variable) p.a., your representative rate is 35.2% APR (variable). Optional upgrade to Business Rewards (£99 per year).
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How to choose the best business loan

Here are some of the key features to consider when comparing business loans:

  • Amounts available. Having set out your business plan, you should know how much you need to borrow, and one of the first things to look at when evaluating a loan is whether or not it can offer you the sum that you need.
  • Terms available. You may have a fairly clear idea of the length of time you want or need to borrow for, or this factor may be dictated by the size of the monthly instalments.
  • Eligibility. Never apply for a loan without checking that the business is eligible for it. It’s a waste of time and demoralising – and the rejection could be visible to future prospective lenders.
  • Security required. It’s not unusual for lenders to ask for a personal guarantee – meaning an individual will be personally responsible for the loan. Security can also take the form of a company’s realisable assets, such as a property, vehicles or equipment. Where no assets are available, it may be necessary to secure the loan on a director’s own property.
  • Total costs. It can be easy to obsess over APRs (rates), but perhaps more importantly, consider how much the loan is going to cost overall. When you’re trying to identify the best business loan, the loans that are cheapest overall are naturally a good place to start.
  • Interest rates. Is the rate offered variable or fixed? Is it competitive?
  • Fees. Look out for “product” or “set-up” fees as well as any annual/monthly account charges. Lenders sometimes offset an attention-grabbing low rate with product fees, so it’s crucial to also keep an eye on the total amount payable.
  • Repayment holidays. Repayment holidays are set periods when you don’t have to make any repayments. This might be, say, the first three months of a loan. This can give your company an opportunity to get back on its feet financially, but will usually extend the term of the loan by the same number of months, pushing up the overall cost of the loan.
  • Early repayment terms. It’s hard to predict what’s around the corner, let alone three or four years down the line. If the option to repay early is important to you, you’ll need to check the early repayment (or overpayment) terms of the specific product or products you’re considering. It’s important to note that “No early repayment fees!” does not necessarily mean that repaying early will save you money on interest.

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Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Emily Herring is a Publisher at Finder specialising in credit-based products including credit cards and business and personal loans. Emily has recently joined the Investments team. She has a Masters in Creative Writing & Publishing and a Bachelor of Arts in Communication & Media. See full bio

Emily's expertise
Emily has written 134 Finder guides across topics including:
  • Loans & credit cards
  • Building credit

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