How much would I pay for a £150,000 business loan?

Calculate your monthly payments on a £150,000 business loan with our easy-to-use calculator.

A £150,000 business loan could provide the necessary funds to improve your marketing efforts, optimise your inventory, or cover essential operational costs, fostering steady growth. Here’s our breakdown of what you might pay monthly for a £150,000 business loan.

£150,000 business loan calculator
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Compare £150,000 business loans

Table: sorted by loan terms, promoted deals first

Name Product UKFBL Finder Score Loan type Loan amounts Loan terms Minimum turnover/trading criteria Key benefit
Rise Funding logo
3.9
★★★★★
Fixed or variable rate Unsecured loan
£10,000 to £2,000,000
3 to 72 months
£150,000 per annum annual turnover,
1 year trading
Nest Business Loans logo
4.0
★★★★★
Fixed rate Unsecured loan
£10,000 to £5,000,000
No specified loan terms
£200,000 annual turnover,
1 year trading
Tide logo
4.2
★★★★★
Fixed or variable rate Asset finance loan
£1,000 to £20,000,000
1 month to 72 months
N/A annual turnover,
N/A trading
Connect your business bank account and gain access to business loans (Terms & Conditions apply).
Portman Finance logo
3.9
★★★★★
Fixed or variable rate Asset finance loan
£10,000 to £2,000,000
3 to 72 months
£100,000 annual turnover,
1 year trading
Representative example: Borrow £30,000 over 3 years at a rate of 7.26% p.a. (fixed). Total payable £36,537.84 in 36 monthly repayments of £1014.94.
Funding Options logo
4.5
★★★★★
Unsecured loan
£1,000 to £20,000,000
12 to 72 months
£5,000 per month annual turnover,
6 months trading
Representative example: Borrow £50,000 over 24 months at a rate of 7.63% APR. Monthly repayment of £2,252.94 and the total amount payable is £54,070.56.
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What are your borrowing options?

When it comes to borrowing a lump sum upfront for your business, options include (but aren’t limited to):

  • A Start Up loan. If your business has been trading for less than 2 years, up to four partners can each apply for a loan of up to £25,000 – meaning a potential maximum of £100,000 per business. Start Up loans are unsecured and the interest rate is fixed at 6%.
  • A standard business loan. Straightforward, traditional business loans are available form both high street banks and online specialist lenders alike. You’ll have a lump sum transferred into your bank account and make monthly repayments on the balance. The interest rate will usually be fixed (meaning a fixed monthly repayment amount and a set loan term) but can be variable (in which case it’s likely to rise or fall in line with the Bank of England base rate).
  • Asset finance. With asset finance, you can spread the cost of assets for your business over a longer period. It’s more expensive than paying outright, but it could be a good way of accessing the latest equipment without a huge initial outlay. The assets can be repossessed if you stop making repayments.
  • A business cash advance. Not sure when you’ll be able to pay back your loan because of fluctuating sales? A business cash advance could be a solution. With this form of business credit, you’ll agree to a fixed fee upon taking out the loan. Then, you’ll pay back a fixed percentage of every transaction until your debt is cleared. If business is booming, you’ll clear your debt faster, and if business is slow, it’ll take longer. Either way, it’ll cost the same amount.
  • A business line of credit. If you’re looking for ongoing, flexible access to business credit, you could consider a business line of credit. These work in a similar way to a credit card or overdraft. You’ll only pay interest on the amount you need, when you need it, and the facility remains “open” even after you’ve cleared your outstanding balance. But the credit limits are typically higher. Your credit limit will be determined by the lender’s assessment of your situation – including a credit search.
  • Business credit cards With a business credit cards, you can borrow what you want (subject to a credit limit), when you want, so you’ll only pay interest for the days on which you borrow. Subject to a monthly minimum repayment, you can also pay back funds on terms that suit you. Unlike a fixed-term loan, which closes when all the money has been repaid, a credit card is a “revolving line of credit”, which means that the facility is effectively always open (which can be a mixed blessing).

Typical eligibility criteria for a business loan?

Each lender will have its own eligibility criteria. Some common things that are usually on the list include:

  • Years trading. For a small business loan, a lender will typically want to see at least 6 months trading history to assess financial stability and creditworthiness.
  • Where your business is based. Typically lenders like your business to be UK-based, though some might be more specific.
  • Annual turnover. Ensures that your company can generate revenue, manage cash flow and meet financial obligations, lowering the risk of loan default.
  • Company structure. Some lenders might be hesitate to lend to specific business structures, such as limited companies or sole traders, due to their limited turnover or trading history.
  • Credit history. Both personal and business credit scores are crucial for loan eligibility and getting favourable terms. Improving both scores enhances the chance of getting better financing.

Frequently asked questions

We compare business loans from:
iwoca logo
Tide logo
Nest Business Loans logo
Portman Finance logo
Funding Options logo
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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Emily Herring is a Publisher at Finder specialising in credit-based products including credit cards and business and personal loans. Emily has recently joined the Investments team. She has a Masters in Creative Writing & Publishing and a Bachelor of Arts in Communication & Media. See full bio

Emily's expertise
Emily has written 147 Finder guides across topics including:
  • Loans & credit cards
  • Building credit

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