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 provides tailored options for franchise buyers seeking quick, straightforward financing with clear terms and flexible structures. 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. Swoop Funding

Swoop Funding Swoop Funding offers a variety of business finance options suitable for different needs. It specialises in quick turnaround and flexible structures for franchise owners or companies needing secured or unsecured funding. Here's what to know:

Loan Details

• Min Amount: £25,000
• Max Amount: £5,000,000
• Min APR: 3.9%
• Max APR: 12%
• Loan Duration: 1 to 10 years⌛

Services & Industries

• Finance Types: Secured Loan, Unsecured Loan
• Industries: General

Pros

• Wide range of financial products
• Competitive rates

Cons

• Collateral required

Sources: https://www.fundingagent.co.uk/lender-reviews/swoop-funding-reviews

3. Iwoca

Iwoca Iwoca offers flexible credit facilities suitable for small businesses and franchise operators. It provides quick access to working capital or business loans with clear terms. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £1,000,000
• Min APR: 6%
• Max APR: 15%
• Loan Duration: Up to 12 months⌛

Services & Industries

• Finance Types: Line of Credit, Business Loan
• Industries: Retail, Professional Services

Pros

• Fast approval
• Flexible use

Cons

• Higher APR for higher risk profiles
• Short loan durations

Sources: https://www.iwoca.co.uk/finance-explained/business-loan-interest-rates

4. Capalona

Capalona Capalona connects UK SMEs with lenders for business finance options. It offers quick, flexible solutions for franchise owners seeking secured or unsecured funding, often without requiring extensive collateral. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £0
• Min APR: 6%
• Max APR: 15%
• Loan Duration: Unknown⌛

Services & Industries

• Finance Types: Business Loan, Invoice Finance
• Industries: E-commerce, Technology

Pros

• Easy comparison
• No credit score impact

Cons

• Lack of direct contact with lenders

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

5. Aurora Capital

Aurora Capital Aurora Capital provides quick and flexible funding solutions suitable for SMEs. It offers customised terms for borrowers wanting adaptable, short-to-mid term finance options often secured on assets or income streams. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £2,000,000
• Min APR: 8.9%
• Max APR: 12%
• Loan Duration: 1 month to 6 years⌛

Services & Industries

• Finance Types: Secured Business Loan, Commercial Loan
• Industries: Healthcare, Property

Pros

• Quick approval
• Customizable terms

Cons

• Original fee charges

Sources: https://auroracapital.co.uk/how-much-will-it-cost-to-get-a-business-loan

6. Fleximize

Fleximize Fleximize offers flexible business finance options including revolving credit and term loans. It specialises in quick decisions for growing SMEs needing adaptable funding and transparent terms. Here's what to know:

Loan Details

• Min Amount: £1,000
• Max Amount: £500,000
• Min APR: 9.6%
• Max APR: 0%
• Loan Duration: 1 to 36 months⌛

Services & Industries

• Finance Types: Revolving Credit, Term Loan
• Industries: Retail, Manufacturing

Pros

• No hidden fees
• Exclusive Reward Program

Cons

• Requires personal guarantee

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

7. Time Finance

Time Finance Time Finance delivers customised solutions including asset finance and loans for businesses. It offers flexible options suitable for SMEs and franchise operators looking for quick approvals and structured repayment plans. Here's what to know:

Loan Details

• Min Amount: £10,000
• Max Amount: £500,000
• Min APR: 11.5%
• Max APR: 0%
• Loan Duration: 3 months to 5 years⌛

Services & Industries

• Finance Types: Asset Finance, Term Loan
• Industries: Construction, Transportation

Pros

• Tailored financial solutions
• Expert support

Cons

• Higher fees for larger loans

Sources: https://www.fundingagent.co.uk/post/novuna-business-finance-vs-time-finance

8. Bibby Financial Services

Bibby Financial Services Bibby Financial Services provides invoice finance and asset-based lending solutions for cash flow management and growth. It offers options that are suitable for SMEs in need of flexible funding with straightforward access. Here's what to know:

Loan Details

• Min Amount: £5,000
• Max Amount: £100,000
• Min APR: 0%
• Max APR: 36.8%
• Loan Duration: 12 months⌛

Services & Industries

• Finance Types: Invoice Finance, Asset-Based Lending
• Industries: Manufacturing, Logistics

Pros

• Flexible financing
• Wide acceptance criteria

Cons

• Higher rates for new companies

Sources: http://bibbyfinancialservices.co.uk

9. Aldermore

Aldermore Aldermore offers financial solutions including business loans and asset finance tailored for UK SMEs. It provides options for varied funding needs and typically involves secured lending with flexible repayment options. Here's what to know:

Loan Details

• Min Amount: £25,000
• Max Amount: £2,000,000
• Min APR: 0%
• Max APR: 0%
• Loan Duration: 3 months to 5 years⌛

Services & Industries

• Finance Types: Term Loan, Commercial Mortgage
• Industries: Real Estate, Retail

Pros

• Competitive interest rates
• Comprehensive support

Cons

• Limited to UK-based assets

Sources: https://www.aldermore.co.uk/business-finance/

10. Paragon Bank

Paragon Bank Paragon Bank offers specialised asset finance and commercial loans. It typically serves businesses seeking customised funding options often secured on assets or income streams. Here's what to know:

Loan Details

• Min Amount: £1,000,000
• Max Amount: £0
• Min APR: 0%
• Max APR: 0%
• Loan Duration: Up to 15 months⌛

Services & Industries

• Finance Types: Asset Finance, Commercial Loan
• Industries: SMEs, Real Estate

Pros

• Seasonal payment options
• Specialized sector focus

Cons

• High minimum loan amount

Sources: https://www.paragonbank.co.uk/asset-finance/finance-options

How to choose

When selecting among the top 10 revolving credit facility lenders for UK SMEs, consider your specific needs and the lender type. Bank lenders often provide straightforward, secured loans suitable for large or ongoing projects. Brokered options can offer more tailored, flexible solutions for diverse or complex requirements. Specialised lenders may focus on niche sectors or fast approvals. Evaluate interest rates, repayment terms, and eligibility criteria to find the best fit for your franchise business. Clear understanding of costs and the application process will aid in making an informed decision.

Conclusion

Matching the right lender to your needs depends on your project size, security requirements, and sector. Banks tend to offer stability for secured loans, while brokers provide broader access to varied options. Specialist lenders often focus on specific industries or quick turnaround. Always confirm current costs and terms with the lender; pricing may change. Funding Agent is a strong choice for SMEs that want quick comparisons across multiple options. Other providers suit larger amounts, asset-backed needs, or sector specialisms. Always confirm current costs and terms with the lender; pricing may change.