Funding Options business loan review and calculator

Funding Options specialises in finding competitive credit for small businesses from its panel of more than 120 trusted providers.

4.3 ★★★★★ (16 reviews) Write a review
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Funding Options is a broker (not a direct lender) that uses innovative technology to match your business’s needs with one of its approved lenders in just a few minutes. Depending on your circumstances, it can find competitive deals on peer-to-peer loans, invoice finance deals, growth funding, equipment leases or commercial mortgages – or help you choose between them if you’re not sure.

As Funding Options is a broker and not a direct lender, it’s crucial that you check the terms and conditions of the company you are borrowing from before you agree to a business loan. Additionally, it’s worth remembering that there could be better deals available outside of its panel of partners.

See how much it'll cost you to take out a Funding Options loan

Funding Options business loan calculator
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Funding Options business loans comparison

Funding Options business loans

Name Product UKFBL Finder Score Loan type Loan amounts Loan terms Minimum turnover/trading criteria Key benefit
Funding Options Unsecured Loan
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.
Funding Options Secured Loan
4.3
★★★★★
Fixed rate Secured loan
£1,000 to £20,000,000
1 to 360
No specified minimum turnover or time trading
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Other popular business loans

Name Product UKFBL Finder Score Loan type Loan amounts Loan terms Minimum turnover/trading criteria Key benefit
Nest Unsecured Business Loan
4.0
★★★★★
Fixed rate Unsecured loan
£10,000 to £5,000,000
No specified loan terms
£200,000 annual turnover,
1 year trading
Fleximize Asset Finance
3.7
★★★★★
Fixed or variable rate Asset finance loan
No specified loan amounts
No specified loan terms
No specified minimum turnover or time trading
ANNA Money Small Business Loan
Not yet rated
Unsecured Line of credit loan
£10,000 to £10,000,000
12 to 120 months
No specified minimum turnover or time trading
Fleximize
4.0
★★★★★
Fixed or variable rate Unsecured loan
£5,000 to £500,000
3 to 48 months
No specified minimum turnover or time trading
Representative example: Borrow £15,000 over 18 months at a rate of 40.8% APR. Monthly repayment of £1,080.67 and the total amount payable is £19,452.06.

Nucleus Unsecured Business Loan
Not yet rated
Fixed rate Unsecured loan
£3,000 to £2,000,000
3 to 72 months
No specified minimum turnover,
12 months trading
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Key features of Funding Options business loans

  • Borrow up to 30% of your turnover. The amount you can borrow will depend on the performance and creditworthiness of your business.
  • Search the market in seconds. Funding Options will search its panel of more than 120 approved lenders to find the most competitive credit it can offer you.
  • Choose a funding option to suit you. If you’re unsure which type of loan you need, Funding Options can match you with the best type of credit for your circumstances.
  • Fast decision. Most lenders will give you a decision on a loan within a few days.
  • Customer service. A customer adviser can help you with your application, guide you through your options and provide advice even after you get the money.

The interest rates you are offered will vary between lenders, and will often depend on factors like the performance of your business, how long it has been trading and the loan amount and term you apply for.

Am I eligible for a Funding Options business loan?

You should only apply for a business loan through Funding Options if you’re certain you can meet the repayment terms. Eligibility requirements will vary between lenders, but generally:

  • The loan amount you apply for should be less than 30% of your annual turnover.
  • Your business must be profitable.
  • You will need more than 24 months trading history.
  • You should have no outstanding CCJs or late payments.
  • It should be a UK-based business.
  • You must be aged over 18.

Loan options

Funding Options can help you decide which type of loan best suits the individual needs of your business. Funding Options offer:

  • Asset finance
  • Bridging loans
  • Business loans
  • Invoice finance
  • Merchant credit advance
  • Revolving credit facilities
  • Unsecured business loans
  • Working capital finance

You will be provided with a list of all the relevant funding options, which will be ranked by “match score” to help you choose. As such, Funding Options could help you when you’re not sure what type of financing you need, or when you may even need a mix of different options.

How can I apply?

  1. Fill out the online form to tell Funding Options a bit about your business, how much you need to borrow and what it’s for.
  2. Your requirements will be matched against more than 120 loan providers.
  3. Once you have chosen the best lender for your circumstances, you will apply directly with them.

In an initial application with a Funding Options lender, you can expect to be asked for:

  • Basic information about yourself and your business
  • Turnover and profit
  • Bank statements
  • Filed accounts
  • Loan amount vs turnover
  • Trading history
  • Payment history (e.g. CCJs, late payments)

Funding Options customer reviews

In our 2024 customer satisfaction survey, 97% of Funding Options customers said that they would recommend the brand to a friend. Several respondents remarked on how good the customer service was. One customer said that Funding Options was “convenient and straightforward to use, with good reviews and a good reputation”.

Funding Options has a Trustpilot score of 4.8 out of 5 stars and a rating of Excellent”, based on more than 1,000 reviews (updated July 2024). 91% of reviewers on Trustpilot rated the lender the full 5 stars. Some of their comments mentioned the smoothness of the service, mentioning that “it was easy and relatively quick”, while others praised the efforts of the Funding Options customer service team. Those who rated Funding Options less than “Excellent” stated that they had issues with the application and approval process.

The bottom line

If you’re looking for a business loan broker that uses innovative technology to match your business’s needs with a panel of approved lenders, Funding Options could be a good option for you. With its customers raving about the smoothness of the process, Funding Options offers a quick and pain-free service as long as you are equipped with the relevant documents. However, if you are in need of a loan larger than 30% of your annual turnover, there might be other brokers on the market with more favourable loan options.

How can we help?

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Frequently asked questions

Business loans ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Finder scores, in blue, are based on our expert analysis. We also show reviews from users, where we've received more than 10, with a score in yellow. We gather more reviews from customers every year in Finder's customer satisfaction survey.

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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Head of publishing

Chris Lilly is Head of publishing at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more. See full bio

Chris's expertise
Chris has written 609 Finder guides across topics including:
  • Loans & credit cards
  • Building credit
  • Financial health

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