Every business needs cash in its bank account to run properly. It doesn’t matter how big or small – cash flow is everything. It’s one of the few things that a corner shop and a massive international business have in common! Naturally, that means some businesses need to boost their cash flow from time to time. Just like most people can’t afford to put several thousand pounds down for a new car instantly, a business owner also can’t afford to buy some of their assets up front either. That’s why they need a bit of help from a small business loan.Flexible business finance gives business owners the time and resources to invest and keep growing. With that essential extra cash, those great opportunities will be within reach.
- Could your business get a small business loan? Absolutely!
- Small business loans for startups
- Small business loans for franchises
- Small business loans for companies with poor credit
- Small business loans for female entrepreneurs
- Short term or long term business loans
- Raising small and large amounts
- Small business loans for different types of companies
- Small business loans for different sectors and industries
- Repay little and often with Capify’s small business loan
- Raise more finance when your loan is repaid
- How does Capify’s flexible Business Loan work?
- The big benefits of a Capify Business Loan
- How to qualify
Could your business get a small business loan? Absolutely!
There’s loads of great stuff you’d like to do to your business. You’ve picked at the paintwork, admired other people’s e-commerce sites, and hypothetically decided how many extra staff you’d need for an event. Some of it’s doable, but some of it’s a bit out of reach without some extra cash. Thankfully, there are loads of places to get that all-important finance.
Your business, just like any other, could get a small business loan and turn all those plans into real, tangible growth. There are repayment models and business loan terms out there to suit every kind of business, whether you’re fairly new to the game, operate a specific type of limited company, or want to repay over a certain period. Keep reading to find out more and get started.
Small business loans for startups
The number of new startups increases every year in the UK. Small businesses all over the country are constantly developing innovative new ideas and time-saving tech. They need support to make sure their projects are an even bigger success!
Startups can use a small business loan to pay for research and development, hire extra staff, and invest in digital marketing.
Small business loans for franchises
In many ways, a franchise is like any other kind of business. You might have a model to work from already, but you still need cash to help you develop. Franchisees can use a small business loan for fancy new equipment, uniforms, stock, marketing, and more!
Small business loans for companies with poor credit
A small business loan might feel off-limits to some, or even too difficult to manage and pay back. If your business’ credit rating is lower than you want it to be, it can affect the type of finance you can get, how much you can raise, and the interest you’ll pay.
It’s still possible to get a small business loan with a lower credit score. Lenders understand that business involves some inevitable risk, and they’re often still able to help you raise the cash you need. Keep working on that score though! Even small progress is progress.
Small business loans for female entrepreneurs
Female-owned businesses added “£105bn to the UK economy” in 2018. In some industries, women are still extremely underrepresented though, so their products and businesses need investment and support.
Some business loans are available exclusively to female entrepreneurs with ambition and ideas. Other financial products are designed to be as accessible as possible for everyone growing their business.
Short term or long term business loans
A quick loan that’s repaid within a few months makes sense for a lot of business owners. Payments are taken care of quickly, and you can concentrate growing!
The lower the monthly payments, the longer it usually takes to repay your small business loan. Some small business owners choose to pay more over a shorter period so they can free up their cash faster. It’s entirely up to you though.
Before you commit to a small business loan, ask yourself how much you can afford to pay back in each installment, and how often. You need be able to manage your cash flow comfortably while you’re making repayments.
Raising small and large amounts
How much you need to raise for your business depends on what kind of plans you have. A big renovation project would generally be more costly than buying stock or updating your staff’s uniform. It all depends what your business needs the most.
Borrowing money for your business in stages can help make repayments more affordable. It also helps you plan your growth strategy, prioritise the biggest improvements first, and adjust your budget as you continue to develop your business.
Small business loans for different types of companies
Businesses of all types can benefit hugely from a small business loan. Most small business lenders will provide finance for:
Limited companies, sole traders, partnerships, charities, limited partnerships.
Small business loans for different sectors and industries
Small business loans are available for businesses in all kinds of niches. Capify provides finance for:
Pubs, bars, nightclubs, restaurants, cafés, hotels, hairdressers and beauticians, MOT garages, off-licences, bakeries, florists, retail stores, newsagents, dentists, manufacturers, construction companies.
Repay little and often with Capify’s small business loan
Every small business loan has a different repayment model. Capify’s is designed to move with the dynamic of your business.
With Capify, you can repay little and often. Unlike a traditional loan, you pay back a Capify loan in small, regular amounts – either daily or weekly. The repayments are completely automated too, so all you need to focus on is growing your small business.
Raise more finance when your loan is repaid
At Capify, we know that raising finance can help your business become a bigger and better enterprise. You never stop growing though, and that’s why we’ve made it simple to keep raising finance with us for new projects.
Many of our customers take out a new business loan with us again when they’ve repaid their first loan, because they’ve still got big plans for growth. The renovation is done, but now they’ve got a need for brand new equipment. Or maybe their team of staff could benefit from some specific training. Whatever it is, Capify can help make it happen.
How does Capify’s flexible Business Loan work?
Our Small Business Loan is a great way to raise finance for your business. You’ll be able to carry out new plans – both essential and ambitious!
Many small business owners use the money to refurbish, decorate, order new equipment, or hire new staff. Repayment is stress-free and designed to be affordable.
The big benefits of a Capify Business Loan
● Raise from £5000, or up to 90% of your average monthly turnover
● Pay back little and often
● No monthly lump sum payments
● Raise more finance when you’re done
How to qualify
Capify’s small business loan can work for all kinds of businesses. We mainly work with small businesses, retailers, and hospitality businesses that are interested in growth.
To be eligible for a Capify small business loan, you’ll need to:
● Run a UK-based business as a limited company
● Process more than £10,000 a month through your business bank account
● Have at least 12 months’ trading records
Raise 130%* of your average monthly turnover with Capify
Our Small Business Loan is a great way to raise finance for your business. You can use the funds to carry out new plans – both essential and ambitious!
We work with all kinds of businesses, and can often provide finance for small businesses with different types of company formations, or even poor credit, depending on their specific circumstances.
Many small business owners use the money to pay for renovation, place large stock orders, or hire new staff. Whatever they need to grow their business.
*Subject to terms
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