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Business Loans For Opticians

Looking to grow your business? Or just need a little extra working capital to keep your business moving? 

Our small business loans are available between £5,000 – £500,000 for almost any purpose.

We’re not a bank. Our lending criteria is different, and we look at more than just your credit profile.

Check your eligibility online in just two minutes, with no impact on your credit score, and you could receive your funds in as little as 24 hours.

How does the business loan work?

Unlike a traditional loan, Capify’s is paid back in very small amounts regularly. The repayments are completely automated so you don’t need to do anything. Many business owners love our regular payments, because they don’t have to save a large amount by a fixed date each month.

To be eligible for a business loan, you'll need to:

The benefits of a Capify business loan

Everything a small business needs to know about raising finance and paying it back

Want to invest in fancier optometry equipment, brand new stock, and a waiting area customers won’t mind spending some time in? You’ll probably need extra cash to make it happen.

Your choice of glasses, accurate technology, customer reviews, and friendly staff make your optical business what it is. Plus, you’ve built it all yourself! It makes sense that you’d want to get in touch with a finance company that understands what you need.

Capify’s optician finance is simple, with affordable payments. Repayments will go up or down depending on how much you take from customer payments, helping you keep cash flowing through your business.

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The latest optical industry stats

Our eye health is massively important, and the stats suggest that lots of people are due for a test…

  • There are 11,000 dispensing opticians in the UK in 2018 (there were just 5,000 in 2013!)
  • In 2017, there were over 13,000 optometrists authorised by NHS England.
  • 785,000 people in the UK could significantly improve their vision by wearing the right glasses or contact lens prescription.
  • 23% struggle with their short or long vision and haven’t done anything about it yet.

Impress even more customers

Your opticians needs to stand out. Over 90% of customers care about reviews. 93% say reviews affect their buying decisions and 49% want to see at least 4 stars before they’ll buy or book.

Get more 4 and 5 star reviews with a loan that’s ideal for opticians. Whatever you’re picturing for your business – a collection of the latest frames, faster lens crafting, or silver service – a business loan can help make it happen, and give customers loads of reasons to recommend.

Different types of opticians finance

Capify provides business loans and financing options to help jazz up your small business.

Secured business loans

This type of loan is secured against something you own. It could be a vehicle, property, or some of your optometry equipment. If you can’t make repayments, this will be taken to cover them.

Unsecured business loans

The opposite of a secured loan. You don’t have to put any of your own stuff down to get the cash.

Merchant Cash Advance

The Merchant Cash Advance is perfect for opticians. Your business will get the cash it needs, and then repay it through customer card payments. The payments will come out before the cash comes in, so you know exactly how healthy your cash flow is.

Some opticians can get government grants, use an overdraft, credit cards, or asset finance. These alternatives can be more expensive than others, so always check the repayment details and interest rates.

How opticians can use their finance

What are your main business priorities for the next couple of years? Maybe you want to become a destination for a specific brand, make your eye tests more thorough, or just speed up the day-to-day admin jobs that are eating into your time.

More advanced equipment

Optometry equipment is very expensive, but absolutely essential to your service. Give your customers the most accurate test and eye health information.

Furniture and redecoration

Style and decor can be just as important as your service. Make it clean and comfortable, luxurious, modern, stylish – whatever you want!

Frames and lenses

The more choice of brands and quality frames you have, the more likely your customers will walk away loving their new glasses.

Training and education

Education and training can help you and your team become more efficient, offer the best possible service, and get essential jobs done faster.

Business finance can put essential cash into your business, giving you the freedom to make changes and invest in the stuff that really matters.


Getting your opticians ready for funding

Before you apply for a business loan, there are a few things to sort out.

Decide how much you need to raise. Having a plan helps you borrow just the right amount.

Check your credit rating. The better it is, the more likely you are to get a thumbs up.

Get all your paperwork in order. This should help speed up the application process.

Choose a loan company you want to work with. Go with a company that has a repayment plan you’re comfortable with.

Fixed and flexible payment options

Want to know exactly what your regular payments will be? Or does the thought of a big monthly cost scare you off a bit?

Flexible repayments can be easier for opticians to manage because they go up and down as your business takes card payments. If some months are full of appointments, but people aren’t really prioritising their eye health in January, you’ll repay more during the busy times, and less when you’re not making as much. 

Loans for opticians with poor credit

Capify’s small business loan can work for businesses with all kinds of credit histories. Even if it’s been difficult to make all your payments on time in the pastit’s easy to find out if you’ll be eligible for a loan from Capify.

Get in touch to find out how much you could raise for your business.

In a hurry? Get fast finance

Already chosen the new display cases and waiting room coffee machine? Capify can usually help you get your cash in just a few days, so you can start making changes, redecorating, and more.

We keep the process nice and simple. You’ll talk to the same adviser throughout, they’ll answer all your questions, and help speed up the process.

Short term and long term finance for opticians

Do you want to make sure you can pay your business loan off as soon as you can, or are you okay to stretch it over a few months or years?

If your turnover changes at specific times throughout the year, a short term loan could be loads easier. You’ll be able to sort out the repayments during the more profitable months, and can keep slower periods as debt-free as possible.

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