Quick Compare:

1. Funding Agent

Funding Agent Funding Agent is a UK business finance broker that helps SMEs access funding from a panel of lenders. It facilitates quick comparisons of loan options and is suitable for businesses seeking straightforward financing. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £1,000,000
• Min APR: 5%
• Max APR: 15%
• Loan Duration: 6 to 72 months⌛

Services & Industries

• Finance Types: Working Capital Loan, Business Expansion Loan
• Industries: Technology, Healthcare, Manufacturing

Pros

• Competitive APR
• Flexible terms

Cons

• Eligibility criteria apply

Sources: https://www.fundingagent.co.uk

2. iwoca

iwoca iwoca provides flexible funding solutions to UK SMEs, focusing on rapid decisions and adaptable repayment plans. It is suitable for businesses needing quick access to working capital or short-term finance. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £1,000,000
• Min APR: 6%
• Max APR: 15%
• Loan Duration: 1 to 24 months⌛

Services & Industries

• Finance Types: Working Capital Loan, Invoice Discounting
• Industries: Retail, Hospitality, Healthcare

Pros

• No early repayment fees
• Quick decisions

Cons

• High APR for some users

Sources: https://www.iwoca.co.uk/business-loan-calculator

3. Cubefunder

Cubefunder Cubefunder offers quick access to funding options designed for small UK businesses. It provides flexible terms and fast decisions, suitable for short-term working capital or growth needs. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £100,000
• Min APR: 10.39%
• Max APR: 14.39%
• Loan Duration: 3 to 12 months⌛

Services & Industries

• Finance Types: Short Term Loan, Seasonal Loan
• Industries: Retail, Services

Pros

• Flexible terms
• Tailored repayments

Cons

• Limited loan amounts

Sources: https://www.cubefunder.com

4. Novuna

Novuna Novuna provides tailored financial products suitable for various sectors, including asset finance and invoice funding. It is often used for business growth or restructuring, with flexible options based on security and credit profile. Here's what to know:

Loan Details

• Min Amount: £100,000
• Max Amount: £5,000,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Asset Finance, Invoice Finance
• Industries: Construction, Retail, Commercial

Pros

• Wide range of financing options
• Quick funds release

Cons

• Requires credit assessment

Sources: https://www.novuna.co.uk/business-cash-flow/industry-hub-and-resources/

5. FundOnion

FundOnion FundOnion connects SMEs with multiple lenders offering various types of business loans. It provides an online comparison platform suitable for firms wanting quick access to funding options. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £350,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Unsecured Loan, Revenue Based Finance
• Industries: General Business, Technology, Services

Pros

• Comparison of multiple lenders
• Fast application process

Cons

• Platform fees may apply

Sources: https://www.fundonion.com

6. SME Loans

SME Loans SME Loans offers funding options for UK small and medium enterprises, including short-term and longer-term solutions. It caters to firms seeking flexible financing with varied security types. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £500,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: 6 to 60 months⌛

Services & Industries

• Finance Types: Term Loans, Asset Finance
• Industries: Technology, Healthcare, Retail

Pros

• Broad funding range
• Supports various industries

Cons

• APR not specified

Sources: https://www.smeloans.co.uk

7. Clifton Private Finance

Clifton Private Finance Clifton Private Finance offers specialised funding options including bridging and property finance. It is suitable for borrowers seeking flexible secured lending and expert advice for property-related projects. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Bridging Loans, Property Finance
• Industries: Ecommerce, Property

Pros

• Customized solutions
• Industry experts

Cons

• Complex application process

Sources: https://www.cliftonpf.co.uk/blog/18072024102955-ecommerce-finance/

8. Merchant Savvy

Merchant Savvy Merchant Savvy provides expert insights into merchant financing options including cash advances and alternative funding in the UK. It is geared towards businesses needing detailed comparison tools for flexible payment methods. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Merchant Cash Advance
• Industries: Retail, Ecommerce

Pros

• Comprehensive comparison
• Updated insights

Cons

• Not a direct lender

Sources: https://www.merchantsavvy.co.uk/business-finance/merchant-cash-advance/

9. Simply Business

Simply Business Simply Business offers specialised insurance and financial solutions, including loans and business insurance, to UK small businesses. It suits enterprises seeking tailored, flexible coverage and quick funding options. Here's what to know:

Loan Details

• Min Amount: £0
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Insurance, Financial Services
• Industries: Ecommerce, Small Business

Pros

• Specialized services
• Wide coverage

Cons

• Focus on insurance more than loans

Sources: https://www.simplybusiness.co.uk/knowledge/funding/best-small-business-loans/

10. Funding Circle

Funding Circle Funding Circle is a peer-to-peer lending platform that offers efficient, transparent loans to UK businesses. It connects borrowers directly with investors and is suitable for those seeking flexible, scalable financing. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £500,000
• Min APR: 4.9%
• Max APR: 27.8%
• Loan Duration: 6 to 60 months⌛

Services & Industries

• Finance Types: Peer-to-Peer Loans
• Industries: Various, Ecommerce

Pros

• Competitive rates
• Easy online application

Cons

• Strict criteria

Sources: https://uk.trustpilot.com/review/fundingcircle.com

How to choose

When selecting a lender for your ecommerce business in the UK, consider the type of loan and its purpose. Bank lenders generally offer secured business loans with lower rates but longer approval times. Alternative lenders and brokers provide quicker access and more flexible options, often with higher interest rates. Evaluate the repayment terms, fees, and eligibility criteria carefully. Matching the right provider to your needs will improve your chances of securing suitable financing efficiently. Compare offers based on speed, security, and cost to find the best fit for your ecommerce growth.

Conclusion

Matching the right provider depends on your business needs. Banks are suitable for larger, secured loans requiring longer approval times. Brokers and specialist lenders often offer quicker decisions and flexible terms for smaller or unsecured funding. Funding agents facilitate comparisons across multiple options and can help identify suitable products quickly. Always review current costs and terms directly with the lender or broker to ensure accuracy and fit.