Business Loans
From £5,000 to £10 million
- Funding in as little as 24 hours
- 100s of loan options from leading UK lenders
- 24/7 support, with experts on hand
What is a business loan?
A business loan is a lump sum of money borrowed from a lender that you repay over a set period, with interest.
Businesses use them to fund growth, manage cash flow, purchase equipment, or cover unexpected costs.
Unlike personal loans, business loans are designed specifically for commercial purposes. Your approval for the loan and the amount you can borrow typically depend on your business's financial health, trading history, and revenue.
Your journey to business funding
Complete Binq’s online form
2 mins
See your loan matches
Via the app - or arrange a call with an expert
Pick what works for you
Take your time - no rush!
Receive your funds
In up to 24 hours
Binq’s app makes it easy to track your application 24/7, and you can talk to a human expert at any time.
Why choose Binq?
Choice
Our AI-powered app searches the whole market for loans tailored to your business
Speed
Get matched and see your options in just minutes
Support
Expert guidance and ongoing help, whenever you need it
Who can apply for a business loan?
- Have a UK-based limited company
- Have been trading for at least 6 months (some lenders accept newer businesses)
- Have a minimum monthly revenue of £5,000
- Are aged 18 or over
Self-employed? No problem. Whether you're a freelancer, contractor, or running your own business, we have lenders who specialise in working with self-employed individuals.
Trusted by leading UK lenders
Types of business loans we compare
Whether you need working capital, finance for equipment, or funds to expand, we'll match you with the right type of loan for your business.
- Unsecured business loans
Borrow from £5,000 to £500,000 without putting up assets as security. Ideal for established businesses with strong trading history. Faster approval and less paperwork than secured options. - Secured business loans
Access larger amounts from £25,000 to £10 million by using business assets or property as security. Often comes with lower interest rates and longer repayment terms. - Start-up loans
New to business? Government-backed Start Up Loans offer up to £25,000 with free mentoring. We can also match you with specialist lenders who support newer businesses. - Asset and invoice finance
Fund equipment purchases or release cash tied up in unpaid invoices. Flexible options that grow with your business.
Got questions?
Most online lenders will give you a decision within hours or days, whereas high street banks might take several weeks.
The application itself takes just 2 minutes, and you'll see your matched options instantly. The total time from application to funds in your account depends on the lender and loan type, but could be as quick as the same day.
By getting all your documents and relevant information ready, you can put yourself in the best position to get accepted quickly.
No. When you check your eligibility through Binq, we use a 'soft search' that doesn't appear on your credit file and won't affect your credit score. Only when you continue with a full application to a specific lender will a hard credit check be carried out.
Typically, you'll need at least one year of:
- financial statements
- bank statements
- your VAT returns
- details of any outstanding invoices or money you owe.
If you're happy to use open banking, we can securely retrieve some documents (such as bank statements) straight from your bank. Otherwise, you can upload them all manually into the app.
Most of our lender partners allow early repayment, though some may charge an early settlement charge. The specific terms will be clearly shown before you accept any offer. Many lenders, including iwoca and Funding Circle, offer flexible repayment with no early repayment charges.
Through our panel of lenders, you can borrow from £5,000 up to £10 million, depending on your business circumstances. The amount you're offered will depend on factors including your trading history, revenue, and what you need the loan for.
This depends on the loan type and lender. Some unsecured loans don't require a personal guarantee, while larger loans or those for newer businesses typically do. A personal guarantee means you're personally liable if your business can't repay the loan. This will be clearly explained before you accept any offer.
Last updated
Reviewed by: Matt Waller
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