Frequently Asked Questions

Small business loans are a type of finance offered by a lender to a borrower. A business agrees to borrow a set amount of money from the lender and to repay it within a designated amount of time. A small business loan may be secured or unsecured and can be used for a variety of purposes, from increasing the working capital available to the borrower to providing extra funds for renovation, the loan can be used for any business-related purposes.

Unlike secured loans which require you to borrow against an asset such as a vehicle or property, our unsecured loans aren’t guaranteed, meaning you can borrow money for your business without the need for collateral or assets as security, and with minimum paperwork required, once approved, the funds are in your account within 24 hours, not weeks or months.

Capify provides small business loans to UK-based SMEs who meet the following basic eligibility criteria;

– Must be a registered business in the UK
– Trading for minimum 12 months
– £10,000+ minimum monthly turnover
– 18 years+ of age

Please note the above criteria allows us to start the application process. You’ll still need to meet our standard credit assessment criteria to get approved and funded.

Once you’ve submitted an application, and meet our elibility criteria, you could be approved within hours and have funded in your account within 24 hours.

All our loans are unsecured and do not require any security or assets.

No, we unfortunately, do not allow split payment between fixed and variable rates.

Yes, businesses with poor credit can receive funding from alternative lenders like ourselves. If you meet the following criteria: UK-based SME that has been in operation for at least one year with a monthly turnover of £10,000 of greater.

We treat each application on its own merit, so even if you’ve have CCJ’s it’s worth enquiring as to what funding we can help provide – subject to meeting our criteria.

There’s no universal answer since we assess every application individually, but unsecured business loans are generally more accessible than a traditional bank loan because we focus on your trading history and cash flow rather than credit score alone. To qualify for one of our loans, you’ll need at least 12 months trading history, UK registration, and £10,000+ monthly turnover.

Yes, it’s one of our requirements for taking out a loan. You’ll need to have been trading for at least 12 months, be UK-registered, and have £10,000+ monthly turnover. The loan is provided to the business, with a personal guarantee required from the majority owner. We don’t require years of filed accounts the way a bank would.

We can’t provide same-day instant funding the moment you apply, but our process is built to be fast: once your application and documents are submitted, we can approve you within hours and have funds in your account within 24 hours of approval — significantly quicker than a bank loan, which can take weeks or months.

We require a minimum of £10k monthly turnover. This is to ensure that your business has enough cash flow to manage repayments without disrupting operations.

Yes, we offer a specific Bad Credit Business Loans product for this purpose. Credit history is a factor in our assessment, but not the only one – we look at trading history, turnover and cash flow. This makes us more accessible than a high-street bank if your credit isn’t perfect.

Yes, we have a dedicated product for this – VAT and Cash Flow finance.
Many businesses use Capify funding to cover VAT, corporation tax, or PAYE bills and spread the cost over time instead of paying a lump sum.

Yes — unsecured lending is Capify’s core product. You won’t need to put up property or other collateral; the only requirement is a personal guarantee from the business’s majority owner.

Capify offer a range of secured and unsecured loans. These start at £10k and go as high as £3m. We have daily or weekly repayments and the loan term can be between 3 months – 24 months.

UK interest rates vary widely by lender, loan size, and creditworthiness, so there’s not one ‘average’ that works for everyone. Capify doesn’t use a traditional APR, we calculate a factor rate based on risk, taking into account your daily balance, gross monthly sales, and credit score, to arrive at a total payback figure. We state that figure clearly before you sign, so we’re transparent about the full cost before you sign up. Our factor rate range is 1.12 – 1.6. If you took out a £50,000 loan with a factor rate of 1.3, you’d have a total payback amount of £65,000 over a 9-month term. (Illustrative example only – actual rates and terms depend on individual assessment).

Submitting an application on our site takes just a few minutes. Once we’ve assessed your eligibility and you’ve provided the documents required, you can be approved within 24 hours and have funds the same day.

Unsecured loans don’t require collateral — just a personal guarantee. Secured loans require an asset as security, they are typically a lower rate and over a longer term. Which one suits you depends on the amount you need, what assets you have available, and your preferred repayment length.

Should you go ahead with a full application, you will be required to pay origination and processing fees. Prior to you signing an agreement with us, you’ll be given a document setting out all of the fees and the total payback amount before you sign. There’s no hidden charges!

Yes, the majority of our customers rent rather than own their premises. For our unsecured loans, property ownership isn’t required; we assess cash flow and trading history instead.