Business Finance Norwich

Written by Richard Wilcock | October 22, 2025

Table of contents

• Types of business loans available for Norwich businesses
• Is my Norwich business eligible for corporate finance?
• How to apply for a Norwich business loan

Check your eligibility for business funding

Checking won’t affect your credit score

Get Started

Norwich can be a great place to start a business, with over 8,000 businesses already operating there, and business growth looking strong (growing 16% in 2024); your business could be set to thrive, too.

Something Norwich businesses struggle with, though, is a skills shortage, with 10% of East Anglian businesses finding it challenging to fill job roles with the right skilled workforce, particularly in digital tech, agri-tech, and clean energy sectors.

But applying for a business loan can give you the capital you need to invest in new staff, hiring and training the right people to help you grow.

Types of business loans available for Norwich businesses

There are plenty of loan options to consider. Here are just a few of the most popular. Explore our full range of business products.

Unsecured business loans

An unsecured business loan is one of the most popular finance types available for businesses based in Norwich. These loans are popular because you don’t have to worry about risking commercial assets. Although the lender might ask you to sign a personal guarantee. An unsecured loan application is quicker than other loan types, with funding accessible in just a matter of days after approval.

Secured business loans

If you’re looking to apply for a large business loan with longer repayment terms and lower interest rates, a secured business loan is a good option. These loans help Norwich business owners to make substantial changes in their business. From renovating to opening new branches. You can access up to £2 million+ by offering up commercial assets as collateral.

Merchant cash advance

If you take card payments from customers and turnover at least £2,500 in card sales each month, you could qualify for a merchant cash advance. An MCA gives Norwich retailers the chance to borrow money and repay a percentage of their card sales (usually 10%), rather than fixed monthly repayments. Particularly perfect for seasonal businesses!

Invoice finance

If you invoice customers, you could be accessing up to 95% of the unpaid invoice amount instantly with invoice finance. Sell one or multiple customer invoices to the lender and draw down advanced invoice payments to help improve short-term cash flow for your Norwich business.

Self-employed business loans

Many traditional banks can require a lot of documentation from sole traders or self-employed people, which can make it difficult to access much-needed funding to grow. But with our business lenders for Norwich businesses, you have more lending options available to you. As long as you meet their minimum criteria (below), there’s a high chance they’ll approve your loan application for various loan types, including secured and unsecured loans, invoice finance, and more.

Check your eligibility for business funding

Checking won’t affect your credit score

Get Started

Is my Norwich business eligible for corporate finance?

The great thing about alternative lenders vs traditional banks is that their lending criteria are flexible, which makes funding accessible for all types of businesses. From startups to those with a patchy credit history. Here’s the general criteria for lending:

• Over the age of 18
• Not bankrupt
• Been trading for at least three months
• Have a UK-registered business
• Minimum monthly turnover (some loan types, e.g. merchant cash advance)

How to apply for a Norwich business loan

Applying for a commercial loan in Norwich is quick and simple. Start by entering your details and your loan requirements into our free business loan comparison tool. The tool is self-serve, so you can do it whenever you want.

Then, based on your criteria, our tool will match you with eligible loan types and lenders. Our layout helps you quickly compare loan elements, including interest rate and total repayable, so you’re in the best position to make an informed lending decision.

After comparing the loan options available, simply click on the lender to continue with your loan application.

Getting a quote will not affect your credit score. And there’s no obligation to accept any quote you see.

Ready? Let’s find and compare Norwich business loans.

About the author

Written by Richard Wilcock

Money Writer, Director and Co-Founder

Richard is one of the Co-Founders here at Capalona and has over twenty years of experience in the marketing industry, specialising in the finance sector.

Updated: October 22, 2025
Published: October 22, 2025