Lendus.

Insurance Broker Business Loans

From acquiring a book of business to upgrading compliance systems, fund your brokerage with confidence. Lendus compares 200+ lenders so you can focus on your clients, not the finance.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Typical Range

£10k – £400k

Average Loan

£60k

for insurance broker

Decision Speed

24–48 hrs

for unsecured loans

Eligibility requirements

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Loan types available

Unsecured Business Loan

Rate
6.9% – 26.9% APR
Term
1 – 6 years
Security
No security required
Best for
Acquiring a book of business or goodwill, hiring account handlers, or upgrading compliance and IT systems

Revolving Credit Facility

Rate
8.9% – 24.9% APR on funds drawn
Term
12 – 24 month facility, renewable
Security
No fixed security, personal guarantee usually required
Best for
Smoothing cash flow around policy renewal cycles, when commission income can be concentrated in certain months

Secured Business Loan

Rate
4.9% – 15.9% APR
Term
1 – 15 years
Security
Commercial property or personal property
Best for
Larger acquisitions of other brokerages, or buying office premises

Representative example

Borrow £60,000 over 36 months at 9.9% APR (fixed). Monthly repayment: ~£1,933. Rates depend on your circumstances and the type of loan.

Market context

UK insurance brokers are regulated firms earning income primarily through commission on policies placed and renewals managed on behalf of clients. Growth in the sector is frequently achieved by acquiring a book of business or goodwill from a retiring broker or smaller firm, and many brokerages use short-term facilities to manage the timing of commission income around renewal cycles.

Common challenges

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Bad credit?

Several of our 200+ lenders work with insurance broker businesses that have imperfect credit. You may need a personal guarantee or higher rate, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

Frequently asked questions

Can I get finance to buy another broker's book of business?
Yes, this is one of the most common reasons brokerages borrow. Lenders will typically assess the recurring commission income attached to the book, client retention rates under the previous owner, and your own firm's trading history. An unsecured loan is usually the starting point for smaller books, with secured lending considered for larger acquisitions. Lendus can compare offers from lenders experienced in financing book and goodwill acquisitions in the insurance sector.
How can I smooth cash flow around renewal cycles?
A revolving credit facility is well suited to this, letting you draw funds to cover overheads during quieter months and repay as renewal commission income comes through. Because you only pay interest on what you draw, it is generally more cost-effective than a fixed loan for managing the natural peaks and troughs in a brokerage's income. Reviewing your renewal calendar each year helps you size the facility to your actual seasonal pattern.
Does my regulatory status affect my ability to borrow?
Lenders will want to confirm your firm's current authorisation to conduct insurance distribution activities as part of standard due diligence, since this underpins your ability to trade and earn commission. Maintaining good standing with your regulator and clear compliance records supports a stronger application, in the same way a clean trading history would for any regulated business. Keeping your compliance records up to date and easily accessible also helps speed up the application process.
Can I borrow to hire more account handlers?
Yes, an unsecured business loan is commonly used to fund recruitment ahead of, or shortly after, taking on new business, since staff often need to be in place to service new clients from day one. Lenders will typically want to see how the additional headcount links to expected commission growth when assessing the application. Lendus can help you structure the loan so repayments align with when the new business starts generating commission.

Equipment finance for insurance broker businesses

Buying a specific machine or vehicle is usually cheaper than a general business loan, because the asset itself is the security. These are the items insurance broker businesses most often fund, with the price range we see quoted in the UK.

Equipment Typical price range Finance page
Office Fit-Out £10k to £500k Office Fit-Out finance
Server £3k to £60k Server finance
Barber Chair £600 to £20k Barber Chair finance
Beauty Couch £500 to £15k Beauty Couch finance
Body Shop Equipment £10k to £200k Body Shop Equipment finance
Car Wash Equipment £15k to £250k Car Wash Equipment finance
Climbing Wall £10k to £200k Climbing Wall finance
Commercial Dryer £2k to £50k Commercial Dryer finance
Commercial Gym Equipment £5k to £300k Commercial Gym Equipment finance
Commercial Washing Machine £2k to £60k Commercial Washing Machine finance
Desk Fleet £2k to £80k Desk Fleet finance
Diagnostic Equipment £2k to £30k Diagnostic Equipment finance

Browse all equipment finance pages

Understand the loan structures

The table above shows what a insurance broker business borrows for. These pages explain how each kind of borrowing actually works, what it costs and who it suits.

Business loans for bad credit Government-backed business loans Merchant cash advance Revolving credit facilities Business loans with no personal guarantee Secured business loans Start up business loans Unsecured business loans

Related industry loans

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Guides and resources

How to Get a Business Loan Business Loan Eligibility Secured vs Unsecured Best Business Loans UK iwoca Review Funding Circle Review

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