Compare Business Loans

  • Low rates from 2.9%
  • Borrow from £1,000 to £50m
  • Business loans approved in just 24 hours
  • Compare business loans from 200+ lenders
£
4000+ reviews

How to get funding for your business

1

Apply through our simple form

Fill in simple business loan application form

2

We will match you with lenders and get approval

Our business account managers will get you approved

3

Contracts reviewed and signed

Sign contract and documents and send it over

4

Get the funds into your account

Get funded in just 24 hours once lender happy with contract signed

Various types of business funding we can help with:

TypesFunding
Business LoansFrom £1k to £50M
Start-up loans£500 to £25k
Working capitalFrom £25k to £500k
Merchant Cash FinanceFrom £3k to £250k
Asset FinanceFrom £10k to £20m
Invoice FinanceFrom £5k to £20m
Trade FinanceFrom £100k to £10m
Recover loan Scheme (RLS)From £15k to £10m
Commercial MortgagesFrom £100k to £15m

Business types and funding options:

Start up Business:

Ideal for new start up business or up to 2 year old business with limited financial information

  • Startup loans
  • Asset finance
  • Selective invoice finance
  • Secured loans
  • Revenue finance
  • Credit cards
  • Equity
  • Business grants

Growing business:

Ideal for more than 2-year-old business with good financial information

  • Overdraft (Revolving credit facility)
  • Unsecure business loan
  • Secured business loan
  • Asset finance
  • Invoice finance
  • Revenue finance
  • Equity
  • Business grants

Expanding business

Ideal for strong financial company who is looking to expand its services and grow.

  • Overdraft (Revolving credit facility)
  • Unsecure business loan
  • Secured business loan
  • Asset finance
  • Invoice finance
  • Trade finance
  • Property finance
  • Grants

Established business

Ideal option for established business which is declining financial performance and/or stressed

  • Secured loans
  • Asset finance
  • Invoice finance

Why compare business loans?

If you're looking to compare financial products, there are a lot of things you need to bear in mind. With a wide variety of consumer and commercial finance options on the market, each designed for growth projects, small businesses or short terms, it can be difficult to know where to start.

With so many lenders now offering different eligibility criteria, interest rates and overall costs, it can be tough knowing which one can truly benefit your business. Let's take a look at everything you need to know before you compare finance rates.

Which loan is right for me?

This all depends on the level of cover you want. Getting the right commercial finance product for your business will depend on the type of loan you take out and the amount of interest you would be happy to pay each month.

  • Secured loans - secured business loans only available to homeowners as your debt is linked to your property. The amount you are eligible to borrow will depend on the amount of free equity you have in your property - the smaller your mortgage is, the more you can borrow.
  • Unsecured loans - unsecured business loans are funding that usually requires a personal guarantee from the lender. Lenders will only grant a loan based on the finance health of a business
  • Revolving credit facilities - Revolving credit facilities, such as credit cards, are a type of credit that does not have a fixed number of payments and can be spread out for as long as you require.
  • Business cash advances - this is a type of lending based on future revenue. While it can come in a variety of different forms, the most common is a merchant cash advance, also be known as a revenue loan, a turnover loan, or revenue-based financing.

Each option comes with different criteria. Make sure to consult with your lending manager before making an application.

Secured vs Unsecured business loans

Before you begin your application, you must decide whether the loan you wish to take out is secured or unsecured. It's vital to know the difference between secured and unsecured business loans as this can affect your application.

  • Secured Loan - this loan is connected to a piece of collateral, such as your car or home. Failure to repay your loan will result in the lender taking possession of the collateral, in order to pay off the balance. This one is typically easier to get as there is less risk to lender.
  • Unsecured Loan - this loan is not protected by collateral, which means the lender cannot automatically take your valuables if you default on repayments. These can also offer more flexibility as lenders often offer repayments ranging from one month to three years.

How long do you need to pay it back?

The length of your business loan will ultimately depend on your company's overall outgoings and the type of product you take out. Before you make an application, it's vital to be realistic about how much you can afford to pay back each month.

Each of the direct lenders and brokers we compare provide a variety of repayment periods, ranging from a month to 15 years. While a short-term business loan may have higher monthly repayments, you will pay less interest overall. Longer term loans will have much lower monthly repayments, but you will pay more interest back over this period of time.

How difficult is it to get a business loan?

Many businesses feel getting a business loan is impossible. However, the truth is, it depends on a variety of factors, including you! Before you apply, ask yourself, how does your business look on paper and how easy will it be to get your money back? Lenders need to be 90% sure that you won't default on the loan, so they won't lose money. As a result, you should try to see your business from the lender's perspective, whilst ensuring your financial documents are meticulously detailed.

What do I need to compare business loans?

To compare business loans with Free Price Compare, you will need to provide the following details:

  • Business name
  • Businesses current address
  • Age of your business
  • 6 months bank statements
  • Credit score
  • Annual revenue
  • Potential collateral
  • An overview of how you plan to use the funds.

It's important to note that each lender has a different criteria for approving business loan applications. One could approve your application based on your business's minimum annual revenue decides the success of your application, while another could look more closely at your personal credit score, how long you've been in business and the collateral you're able to put up.

As a result, it's vital to research the specific lender you are interested in, so you know exactly what they are looking for before you apply. Otherwise, your application could be rejected.

Why compare business loans with Free Price Compare?

We know how important it is to find the financial product to help your business reach new heights. At Free Price Compare, we understand that choosing the right business loan can be confusing and time consuming. That's why we offer an impartial and independent comparison of business loans from over 200 the UK's providers. That way, you can choose the right finance product that works best for you.

Lenders Business Loan

Barclays

Barclays plc is a multinational investment bank and financial services company. Barclays currently offer a range of commercial finance options, including secured and unsecured business loans, commercial mortgages and asset finance, up to £100,000. Barclays range of finance options allows you to adapt your loan to suit the needs of your business, with Barclays team of experts on hand to provide support when you need it most.


Esme

Esme is a paperless commercial finance lender, founded on the belief of a simple, faster and fairer approach to funding. They currently offer loans ranging from £10,000 to £250,000 up to 5 years to help your business make the next move. Esme are dedicated to making the process of funding as quick and stress-free as possible, with no early repayment charges or arrangement fees.


Fleximize

Fleximize was founded in 2014 with a mission to revolutionise the way companies obtain funding. They provide flexible finance for businesses across England and Wales, including both secured and unsecured options, up to £500,000. Fleximize aim to have the money in your account within 24 hours of your application approval, with each loan tailored to your businesses individual needs to ensure your funding works for you.


IWOCA

IWOCA is a commercial lender that is ‘custom built for small businesses. Founded in 2012, IWOCA aims to make finance more accessible to Europe's small businesses by offering secured and unsecured options, from £1,000 to £200,000; with no hidden fees and rates starting from just 2% a month.


Bibby Financial Services

Bibby Financial services are the UK's leading independent financial services partner. They provide a variety of funding solutions, including Construction, Export, Recruitment and Trade finance, that are custom made to suit individual businesses. They also offer a variety of other financial management services to ensure your businesses reaches its full potential.


Interbay

InterBay Commercial is a commercial mortgage lender offering buy to let, HMO, bridging, semi-commercial and commercial mortgages. Interbay provides a supportive service, offering a flexible criteria, combined with manual underwriting to ensure an open-minded approach to commercial property purchases.


Liberis

Liberis is a government backed alternative finance lender who provides business finance that's designed to work seamlessly with your cash flow. Liberis currently offer a variety of commercial finance options, up to £300,000 and in as little as 24 hours. Their range of finance options provides business owners with the flexibility to adapt their loan to suit the needs of their company.


Lloyds Bank

Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. Lloyds currently offer three types of loans including Base Rate, Fixed Rate and Commercial Fixed Rate, all including secured and unsecured business options up to £500,000. Lloyds also provide a variety of borrowing options, including credit cards, asset finance, business overdrafts and mortgages, to ensure your business has the right funding it needs.


Merchant Money

Merchant Money is the UK's number 1 specialist provider of flexible business finance. They offer two types of commercial funding; unsecured business loans up to £150,000 and Merchant Cash Advances up to £500,000. Merchant Money currently has a 90% approval rate, with approval granted within 24 hours of your application submittal to ensure you can get back to your business sooner.


Nucleus

Launched in 2006, Nucleus is an award-winning online commercial finance platform. They currently provide Flexible funding Solutions, including business loans, property finance, cash advance and asset-based lending from £10k to £50m. Nucleus also comes with a multi-product offering to ensure you have the right access to finance when you need it most.


Santander

Santander is a Spanish multinational commercial bank and financial services company. They currently provide a variety of products for UK registered business, including credit cards, business current accounts, business loans, insurance and mortgages. Their range of commercial finance options allows business owners to obtain the funds their business needs to grow.


Start-up loans

Start Up Loans was established in September 2012, with the aim of helping new and early stage UK businesses obtain access affordable commercial finance and support. They currently offer loans between £500 and £25,000 with a fixed interest rate of 6% per annum. The Start Up Loans Company provide a consistent approach to supporting applicants by ensuring responsible lending decisions are made throughout all stages of the application.

Free Price Compare is authorised and regulated by the Financial Conduct Authority, FRN 658035 and is classed as a credit broker, not a lender.

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