Barclays Business Loans Overview

Barclays Business Loans logo
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  • Barclays Secured Business Loans logo

    Barclays Secured Business Loans

    • Set your repayment terms, up to 20 years
    • Fixed or variable rates to choose from
    • Interest-only repayments available (subject to status and application)
    • Minimum Turnover
      No minimum
    • Available Amounts
      From £25,000
    • Available Terms
      1 to 20 years
    See Deal + More info
  • Barclays Unsecured Business Loans logo

    Barclays Unsecured Business Loans

    • A quick and straightforward way to finance your business
    • Fixed interest rates, so you’ll always know what you’ll be paying
    • Take a six-month repayment holiday at the start of your loan (Interest will continue to accrue and will be included in your repayments) - only available on loans below £25,000
    • Minimum Turnover
      No minimum
    • Available Amounts
      £1,000 to £25,000*
    • Available Terms
      1 to 10 years*
    See Deal + More info

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    Nationwide Finance Business Finance

    • Nationwide Finance help 35,000 businesses get finance each year
    • Direct funder - not a broker
    • Same day decision, funds within 24 hours
    • Minimum Turnover
      No minimum
    • Available Amounts
      £8,000 to £500,000
    • Available Terms
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  • Funding Circle logo

    Funding Circle

    • Your business must have a minimum of 12 months’ trading history
    • Short & long term business loans from £10,000 to £500,000 at fixed rates
    • Spread costs over 3 months with FlexiPay line of credit from £2,000 to £250,000 - only pay when you use it - simple flat fee
    • Rated 'Excellent' on TrustPilot - apply online in minutes, quick decisions, UK-based support team
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      £10,000 to £500,000
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  • Tide logo
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    Tide

    • Tide works with a number of partners who offer a range of flexible business funding solutions
    • They will run pre-eligibility checks, without affecting your credit score, to show you credit options tailored to your business
    • Connect your business bank account in minutes to see your credit options
    • Minimum Turnover
      Varies
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      £500 to £15,000,000
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  • Fleximize logo

    Fleximize

    • YOUR BUSINESS MUST BE A LIMITED COMPANY WITH 6+ MONTHS' TRADING
    • Fast, hassle-free business loans of up to £500,000 for almost any purpose
    • Industry-leading flexibility – top-ups, repayment holidays, and penalty-free overpayments available on all loans
    • Award-winning customer service – rated 4.9/5 on Trustpilot
    • Minimum Turnover
      £120,000 p.a.
    • Available Amounts
      £10,000 to £500,000
    • Available Terms
      3 months to 5 years
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  • Capify logo

    Capify

    • Your business must have a minimum of 1 years trading history.
    • Superfast lending. Receive your funds the following day
    • All credit profiles are considered. Loans for any business purpose
    • Easy application process. Get conditionally approved in just 2 minutes
    • Minimum Turnover
      £120,000 p.a.
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 to 18 months
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  • iwoca logo

    iwoca

    • YOUR BUSINESS MUST BE A LIMITED COMPANY WITH A MINIMUM OF 6 MONTHS TRADING HISTORY
    • Flexible finance for small businesses from £1,000 to £500,000
    • No long term commitments and flexible repayments to fit for your business
    • Apply online in minutes for a decision (some decisions may take up to 24 hours)
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £1,000 to £500,000
    • Available Terms
      up to 24 months
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  • YouLend logo

    YouLend

    • Your business must take on a minimum of £3,000 per month of card sales
    • YouLend is Europe's largest revenue finance provider - working with eBay, Shopify and Just Eat
    • YouLend funds over 5,000 UK SMEs every month including sole traders, partnerships and limited companies
    • Apply online in minutes, for a decision within 24 hours
    • Minimum Turnover
      £3,000 card sales per month
    • Available Amounts
      £3,000 to £1,000,000
    • Available Terms
      3 to 18 months
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  • Love Finance logo
    Broker

    Love Finance

    • Your business must be a ltd company with 2+ years trading; and 1 director must be a UK homeowner
    • Love Finance is a lender and broker
    • Get a decision in minutes via a simple online form
    • Get funding within 24 hours
    • Minimum Turnover
      £25,000 p.a
    • Available Amounts
      £5,000 to £500,000
    • Available Terms
      3 months to 5 years
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  • 365 Business Finance logo

    365 Business Finance

    • Your business must process credit and debit card transactions to apply for this product
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      £10,000+ card transactions per month
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      £10,000 to £300,000
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      4 to 18 months
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    Swoop Funding

    • Your business must have a minimum of 1 years' trading history
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    Funding Xchange

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    • Apply and receive funds within 48 hours
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      £50,000 p.a.
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      £5,000 to £100,000
    • Available Terms
      3 months to 1 year
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  • Previse logo

    Previse

    • Previse Instant Advance is a fast cash flow facility, designed specifically to help businesses grow
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      £250,000 p.a.
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      £25,000 to £2,000,000
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Last updated on 16 June 2022.

Barclays Business Loans offers a variety of borrowing solutions for businesses at all stages of their growth journeys and across a variety of sectors.

You don’t need to be a Barclays business account holder to get a loan, you just need to hold a business account with another bank.

In terms of business borrowing, its products include business loans, business mortgages, business overdrafts, asset finance, invoice finance, and credit cards.

What’s more, in order to offer an even broader range of specialist finance, Barclays has partnered with MarketFinance to provide for invoice finance, and Propel to provide asset finance.

Read on to find out which of Barclays business finance options might be suitable for your growth plans. You can also check out their features and see if they work for your business.

What is Barclays?

Barclays is a British bank offering financial services to everyone from consumers to small and larger businesses.

It currently offers business accounts, including one specifically for startups, one for businesses with up to £400,000 turnover, and one for those making up to £6.5m.

It also helps businesses access working capital and invest in growth through its borrowing services.

What products and services do Barclays offer?

Unsecured business loans

With an unsecured business loan from Barclays, you can currently borrow up to £100,000 without securing the loan against an asset, and have the funds in your account within 48 hours of signing the paperwork. You can choose the length of time you borrow over Interest rates for unsecured business loans are fixed so you will know how much you are paying back.

Secured business loans

With a secured business loan, you can apply to borrow more than your provisional lending limit - the amount that the bank is willing to lend you based on what it already knows about your business’s finances.

Business mortgages

Barclays offers a range of business mortgages, including commercial mortgages, agricultural mortgages, buy-to-let mortgages for limited companies with up to three properties, and buy-to-let mortgages for businesses with four or more properties. You can borrow from £25,000 for anything from expanding your property portfolio to releasing equity from an existing property.

Business overdrafts

Barclays business overdrafts allow you to borrow to help manage short-term cashflow challenges. You’ll be charged a monthly fee and interest, which vary depending on the size of your overdraft.

Asset finance

Provided in partnership with Propel, you can use Barclays asset finance to borrow to fund up to 100% of essential business assets. Barclays offers two types of asset finance: Hire-purchase financing, to quickly access critical equipment, and unlocking value, a refinancing solution that can free up funding against existing assets.

Invoice finance

Unlock funding tied up in outstanding customer invoices with Barclays Invoice Finance. You can choose either flexible funding, provided in partnership with MarketFinance, or ongoing funding, provided by Barclays Corporate.

Barclaycard for business

Choose from the Select Cashback credit card, the Premium Plus credit card, or the Select charge card.

Can I get a small business loan with Barclays?

Barclays doesn’t stipulate a business age or size in its lending criteria. You could be a startup or a more established business, as long as you’ve got sound financials and accounts as evidence of your creditworthiness, you may be able to take out a business loan from Barclays.

Key features of Barclays business loans

  • A variety of borrowing options available to suit different needs, including secured and unsecured loans, overdrafts, and asset finance.
  • Flexible lengths of borrowing potentially available.
  • Fixed and variable repayment rates on offer.
  • Partnerships with providers including Propel and MarketFinance to supply specialist finance.

How do I apply for a Barclays loan?

If you are already a Barclays Business customer, you can apply for a Barclays business unsecured loan, asset finance, and Barclaycard, either online or through the app. Just login to start your application. If you want a secured loan, and you’re an existing customer, you can contact Barclays directly.

Am I eligible for a Barclays business loan?

As long as you are a UK-based sole trader, in a partnership, or limited company, you’re eligible to apply for a Barclays business loan. Barclays does say that it doesn’t lend to all sectors, but it doesn’t specify which are ineligible.

What do Barclays customers say?

On Trustpilot, Barclays has been rated 1.5 out of 5 based on 6,749 reviews.

On the App Store, the Barclays app has been rated 4.8 out of 5 based on 1.5 million reviews. On Google Play, it has been rated 4.5 out of 5 based on nearly 443,000 reviews.

According to an independent service quality survey quoted on the Barclays website, 58% of Barclays business current account holders would recommend it to other SMEs.

What else should you consider?

With everything from secured and unsecured loans to overdrafts and asset finance, you could consider a Barclays borrowing solution to suit your business, whether you are already a Barclays customer or you hold a business account with another provider.

Once you’ve signed an agreement, the funds could be in your account in as little as 48 hours, which you can use to expand your business, invest in equipment, or improve cashflow.

Additionally, like many lenders, Barclays business loans and finance solutions are flexible, and can choose a loan term, and fixed or variable rates depending on your needs and the type of loan.

Make sure to compare Barclays to other business finance providers to ensure you’re choosing the best option.

Barclays Business Loans FAQs

How much deposit do you need for a business loan?

You don’t need a deposit for a Barclays business loan.

Can I borrow money for a business?

Yes, with Barclays you can borrow specialist business loans and finance to invest in your business.

How can a small business get a loan from a bank?

Regardless of how big your business is or how long you’ve been trading, you can get a business loan from Barclays by applying and providing strong evidence of healthy accounts and finances.

Who is eligible for a business loan?

No, these merchant cash advance business loans are not secured against assets, such as property or land. Instead, they are repaid via a set percentage of future sales made through a merchant’s card machine.

Services offered by this provider may change over time. Always check Ts&Cs.