Small Funding Guide

Small Business Funding Under £50k UK 2025

Best small business funding options: iwoca (£1k-£50k, no PG, best rates), YouLend (e-commerce), Start Up Loans (£25k max, 6% APR). All options compared for your business growth.

£1k-£50k

Funding range

No PG

Under £50k

1.08x

Best rates

24hrs

Approval time

Best Small Amount Funding (Under £50k)

iwoca

Best Overall

BEST OVERALL

Amount:

£1k-£50k

Factor:

1.08-1.25x (best rates)

PG:

No PG under £50k (guaranteed)

Min Revenue:

Min revenue: £3k/month

Approval:

24 hours

Start Up Loans

Cheapest

Amount:

£500-£25k

APR:

6% APR (cheapest option)

Type:

For new businesses (under 2 years)

Backing:

Government-backed

Speed:

Slow (6-12 weeks)

YouLend

E-commerce

Amount:

£5k-£50k

Factor:

1.10-1.35x

Speed:

24-48 hours

Best for:

Shopify/Amazon sellers

Cost Comparison: £20k

BEST RATES

iwoca (1.15x)

Cost: £3,000

YouLend (1.25x)

Cost: £5,000

CHEAPEST

Start Up Loan (6% APR)

Cost: £600 (cheapest, but slow)

Best for Different Scenarios

Need £5k-£20k fast:

iwoca

E-commerce under £30k:

YouLend

New business under £25k:

Start Up Loan (if can wait)

Emergency under £10k:

iwoca (24hrs)

Conclusion

For small amounts under £50k, iwoca is best option - guaranteed no personal guarantee, best rates (1.08-1.25x), and accepts from £1k minimum. Start Up Loan cheaper but takes 6-12 weeks for your business growth.

Small Business Funding

£1k-£50k for small businesses

No personal guarantee • Best rates • Fast approval

Get Quote

Frequently Asked Questions

What is the best funding option for small businesses under £50k?

iwoca is best overall for small amounts: £1k-£50k, guaranteed no personal guarantee under £50k, best rates (1.08-1.25x), minimum revenue £3k/month, 24 hour approval. Start Up Loans is cheapest (6% APR) but takes 6-12 weeks and only for new businesses under 2 years.

Can I get funding without a personal guarantee?

Yes! iwoca guarantees no personal guarantee required for amounts under £50k. This is unique - most lenders require personal guarantees for all business loans. iwoca only requires it for amounts over £50k.

How much does small business funding cost?

Cost varies by provider: £20k example - iwoca (1.15x) costs £3,000, YouLend (1.25x) costs £5,000, Start Up Loan (6% APR) costs £600 (cheapest but slow). For fastest approval, iwoca offers best rates and no personal guarantee.