Frequently Asked Questions

Capify offer a range of small business loans; 

• unsecured small business loans,
• secured loans,
• cash flow loans,
• bad credit business loans,
• bridging loans,
• commercial mortgages,
• supplier invoice payments,
• asset finance,
• debt consolidation,
• debt refinancing 
• VAT and cash flow loans.

   

Our unsecured loans (£10,000–£3,000,000) don’t require any collateral — just a personal guarantee. Secured loans (£50,000–£3,000,000) are secured against a business or personal asset, typically at a lower cost. See the links above for details on our other products.

Our approval process is quick and simple. Once you’ve submitted an enquiry, we assess your eligibility to apply for a business loan based on the following criteria:

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

Once you meet our basic eligibility criteria, we need the following documents to run a credit check:

– Driver’s Licence (front and back of ID)
– Landlord Details
– Personal References
– Bank Statements linked or manually sent over (last 12 months). For the physical statement, we require the front of the official cover page of the bank statement (confirming account name and account number).
– Proof of ownership

Once you’ve met all our standard credit assessment criteria, you can be approved within hours and have funds in your account in a day.

All Capify products require a personal guarantee which is industry standard.  This commitment is usually in the form of the majority shareholder, or a combination of shareholders providing a personal guarantee over a loan.  The personal guarantee is a commitment from a business owner(s) to settle a loan in the event of any default.

Yes, we pride ourselves in making sure our customers’ information is always protected and secured. We follow compliance standards when taking calls throughout our credit assessment and marketing activities.

We support businesses from all industries, and have proven examples of customers that have successfully grown their business through our cash flow solutions. Some industries include:

Retail and Fashion, Hair and Beauty, Hospitality, Automotive, Real Estate, Manufacturing Trade, Labour Cleaning Services, Professional & Business services and many more.

Yes, we can fund a customer who has an existing loan with a competitor as long as they have paid off more than 50% of their loan. We do not stack loans, which means Capify will have to pay the competitor lender out before we can provide the customer with more funds.

We are a responsible lender and follow responsible lending practices as to ensure our customers can service their loan.

There are many factors when applying for an unsecured business loan online and how the rate is determined. When applying for an unsecured business loan with Capify we use a factor rate based on risk to determine the total payback and term amount. We also base it on your daily balance, gross monthly sales, and your credit score. Other factors that determine the amount of documentation needed, is the loan request amount and any unusual situations that may arise in the credit assessment.

You can check out our customer reviews on Trust Pilot (4.7*) or Google (4.5*)

Capify can lend SME’s from £10,000 to £3,000,000 in unsecured small business funding. The repayment terms are flexible and depend on the monthly turnover of your business. Terms range from 3 months to 24 months.

No, while the majority of our loans are unsecured, we also offer secure loans too. There are no collateral or assets are required for our unsecured loans, whereas our secured loans will need a property asset to be used to secure the loan. The only requirement is a personal guarantee by the majority owner of the business.

Capify requires the following paperwork:
– Last 12 months Bank Statements of the business account
– Front and Back of the owners’ ID
– Front of the official cover page of the bank statement (confirming account name and account number).

Our repayment terms can be anywhere between 3 – 24 months depending on what we’ve agreed upon with you. We pride ourselves with being a transparent and responsible lender, which is why before you go ahead with your contract, we provide you with a document outlining our fees and total payback.

The total payback figure is then broken into small daily repayments that our customers can afford as to not affect the day-to-day cash flow of their business.

We do not pull a credit application at an equiry stage. We will only pull the credit check once we’re ready to submit your loan application upon your approval of our terms & conditions. We can however provide our broker channel partners “look alike” offers for their clients upon request without conducting a credit check. Please note all final offers will be subject to the credit score and any adverse information found).

We can approve you without you linking your bank statements as long as you have shared the statements with us manually. However, depending on the loan amount, this could slow our credit investigations down and ultimately slow down how fast you receive funds in your account.

Submitting an online enquiry to access your basic eligibility does not incur any fees, however, if you proceed with a full loan application, you will incur origination & processing fees.

No, Capify does not lend to individuals who need start-up funds for a new business, looking to purchase a business or have been in business less than 12 months. This is because our approval process is based on looking at the cash flow of the business to determine the loan offer.

The minimum turnover to qualify for a Capify small business loan is £10,000 per month, or £120,000 annually.

Securing a business loan from a bank can be difficult, especially for newer businesses, those with imperfect credit, or businesses without significant assets to offer as security. Capify takes a different approach to lending: We look at your business’s current trading performance and cash flow rather than requiring years of accounts or a perfect credit score, which makes funding more accessible for SMEs that banks typically turn down.

Capify offers faster approval than a bank (hours rather than weeks), requires less documentation, and bases decisions on your current trading performance rather than years of historical accounts. Our unsecured loans don’t require collateral, and repayments are collected daily or weekly rather than monthly, which is designed to smooth the impact on your cash flow compared with a single large monthly repayment.

Yes. Capify is an established business lender, trading as United Kapital Limited (company number 06575165) and Capify UK Limited (company number 10183728), headquartered in Altrincham, England. You can verify our registration on Companies House and read independent customer reviews on Trustpilot.