FAQs
Find answers to the most frequently asked questions
Blogs
Read helpful articles around a range of topics
Reviews
Check out our glowing reviews on Trustpilot
Business loan calculator
Get an estimate of how much you might be able to borrow in under a minute.
This calculator is for illustrative purposes only and is based on an example factor rate of 1.26. The factor rate offered to your business may vary based on your circumstances and loan terms. Processing and origination fees may apply. Repayments are collected by Direct Debit, meaning payments are taken on business days only.
As your company experiences growth and progress, the inevitable need for financial support arises. Business loans offer a strategic avenue to enhance your working capital, expand your inventory, recruit skilled personnel and explore potential new locations. The financial market is replete with a myriad of business finance options, each tailored to meet the diverse needs and aspirations of enterprises like yours.
Selecting the most suitable loan is a pivotal step in this journey. The determination of affordability becomes paramount, as it involves considering the additional interest accrued on top of the borrowed amount.
That’s why at Capify we offer a Business Loan Calculator for indicative purposes, to help you decide whether our business loan is right for you. This tool is specifically designed for loans featuring fixed repayments over a specific term. Please be aware that the Business Loan Calculator is for illustrative purposes only and is based on an example factor rate. It is essential to acknowledge that every business is unique, and the terms of each finance product we can offer you may vary significantly depending on individual circumstances, but rest assured — your application will be assessed by a person, not an algorithm. Meaning that even if you have a CCJ or other less than ideal circumstances, we can still offer funding.
Business loans have always reigned supreme as a financing choice to supplement anything from refurbishments, new hires, equipment et cetera. However, within the vast realm of business finance, an array of alternative lending options exists beyond the purview of our calculator. Some examples include revenue-based repayment loans, non-conventional alternatives to traditional overdrafts, asset finance solutions such as equipment leasing, and the flexible advantages of rolling facilities like invoice finance. The above calculator will only give an indication of what Secured or Unsecured funding we can offer your business.
The Term
Understanding the term of a business loan is crucial, as it refers to the duration during which the borrower(you) is expected to repay the loan, along with the accrued interest, through periodic monthly installments. This tenure is subject to variation based on factors such as the amount borrowed, our own policies, and the specific loan product you require (Unsecured Vs Secured) for instance, secured finance terms may span 12 months, whilst short-term business loans typically encompass a range of 3 to 12 months.
The Rate
Unraveling the mystery surrounding the interest/factor rate on a loan is of crucial importance when deciding whether the loan is right for your enterprise. It represents a percentage of the loan balance, added to the initial borrowed amount or principal. The rate is the primary cost associated with borrowing and can fluctuate based on various factors, including the loan term and the strength of your credit profile. Notably, Capify extend business loan opportunities even to borrowers with less-than-perfect credit histories. The example rate used above is typical of our usual offerings at 1.26.
Are You Eligible?
Securing a loan involves satisfying criteria, which often take into account factors such as your business’s profit, turnover, credit history (both personal and business-related), and the loan term itself.
When applying for a business loan, you will need to ensure that you have the necessary documents prepared to expedite the process. The specific paperwork required may vary depending on the lender you choose. Sometimes we might may need to process additional information to get you funded, but to begin the process, once conditionally approved from our business loan calculator, make sure to have the following documents ready:
- Proof of ID and Address — This is a fundamental requirement, as it provides us with essential information about your company and its location. It helps establish your business’s identity and is a standard request in most loan applications.
- Business Bank Statements — These financial records are crucial in showcasing your company’s income and expenditures. Lenders rely on these statements to assess your business’s financial health and repayment capacity.
- Financial Accounts — Providing your financial accounts offers a comprehensive insight into your company’s overall financial performance. It helps the lender understand your company’s profitability, liquidity, and stability.
- VAT Returns — If your business is registered for VAT, you may be asked to submit VAT returns. These returns present a clear picture of your VAT transactions and tax compliance.
- Company Directors and Financiers — Lenders often require details about your company’s directors and financiers. This information allows them to better understand the key stakeholders involved in your business.
Embark on your journey of business growth with confidence, supported by a tailored business loan solution that aligns perfectly with your unique aspirations. As you venture forth, let us fund your business to achieving success!
A business loan calculator is a simple calculation based on your business’s monthly turnover and how long you have been in operation that offers an estimate of how much money you may be eligible to take as a loan.
How much your business can borrow depends on monthly turnover, credit, and many other factors. Apply today online or call a sales representative to see how much money you are eligible to borrow.
Business loan calculator
Get an estimate of how much you might be able to borrow in under a minute.
Capify’s business loan calculator can be a useful tool for small business owners because it can help them:
Compare loan options: By using our business loan calculator, you can check the amount your business can be funded by and what you’d need to pay back.
Help budget: Simply enter how much capital you need, monthly turnover, and the duration you’ve been in business into the loan calculator, and we’ll give you an estimate of how much we can fund you with. This can help you plan ahead and budget for loan payments, should it be necessary in the future.
Forecast cash flow: With the help of our business loan calculator, you can forecast how much funds you can receive, which can help to make sure your business will have a line of credit available should anything unexpected occur.
By providing a clear picture of your loan options and the costs associated with them, our business loan calculator can help you make more informed decisions about financing your business.
All our small business loans are tailored to suit your business’ circumstances – you can find out repayment terms and other accurate figures by submitting an application or chatting to one of our friendly lending specialists!
*Disclaimer – Please note our loan calculator will only bring up indicative figures based on the information you enter. The actual loan amount is subject to Capify’s standard credit assessment criteria and terms & conditions.