Check your eligibility, with no impact on your credit rating.
All Credit Profiles Considered - taking a holistic approach.
Fast, Convenient Application with funds sent same day.

A cash injection to help you push your business forward

 

Get a quick decision online with no affect on your credit file when you apply for a business loan from Capify.

The Capify business loan is designed to provide much-needed working capital to small business owners no matter their credit score. We’ve helped thousands of small businesses across the United Kingdom fulfil their business ambitions.

Loans are available from between £5,000 and £500,000+ for any need. So whether you’re looking for finance to purchase stock, renovate your premises, raise cashflow or to purchase new machinery, a Capify business loan could be right for you.

Instantly check if your business qualifies

With no impact on your personal or business credit rating when checking your eligibility.

Check Eligibility

Apply for a small business loan

We specialize in providing loans and alternative finance for small businesses and we always aim to make the application process as easy and stress-free as possible.
  1. Check if you qualify in 60 seconds

    See if you’re eligible without affecting your credit score.

  2. Complete your application

    Tell us about you and your business, along with providing all the necessary documents we need to make a decision.

  3. Decisions within 24 hours

    We'll review your application and aim to give you a decision within 24 hours.

  4. Your funds arrive

    Once your agreement is agreed and signed you could have the funds in your account that same day.

What is an unsecured business loan?

Unsecured business loans are a type of funding that doesn’t require the business to put up any personally owned and business-owned assets up as collateral. This differs from secured business loans, which require the finance to be backed by an asset of some type. Because no assets are secured against an unsecured loan, it’s a requirement in the majority of cases that the person taking out the loan – the borrower – has an excellent credit rating. This positive credit rating should be in addition to a full, excellent financial history and a well-researched and planned forecast for cash flow. This helps the lender to identify the risk of lending to the business, as well as checking if the required payment would be possible and sustainable for the business.

What are unsecured business loans for?

Businesses choose to take out unsecured business loans for a range of different business-based reasons. These range from immediate needs to long-term plans, but some of the most common things unsecured business loans can be used for are the following:

  • Helping with cash flow
  • New equipment, renting new spaces and overallexpansion plans
  • Hiring new staff
  • Paying off existing debts and owed money to contractors, suppliers or other partners

Who are unsecured business loans for?

Unsecured loans, especially business loans, are suitable for any type of business. They are especially useful for companies that have few tangible assets or have little of value to provide as security for a loan. These types of businesses are more and more common, with many digital companies, in particular, having few assets to place against a loan.

"I would absolutely recommend using Capify to other people. The more we take over the counter through our terminal, the faster it’s paid off. It’s a win-win situation" - Tony, Salmon Kings

FAQ's:

How does a loan from Capify differ from a traditional bank loan?

Finance from Capify is different in that there are small daily payments automatically debited from your bank account as opposed to having to come up with large monthly payments.

How much will my business qualify for?

A business can typically receive and advance of upto 150% of their monthly credit and debit card turnover via our Merchant Cash Advance product or up to 75% of their turnover via our business loan product.

What does my business need to qualify?

For regulatory purposes and also to manage risk, lenders need to have supporting evidence that you are who you say you are and that the information you’ve provided on your application form is
correct. The process of verification is known as underwriting. Underwriting takes place after you’ve successfully gone through the initial eligibility/approval process.

Applicants will need to provide:

– Evidence of ID
– Financial information on the business (including income, outgoings, profit, assets etc.)
– Declare outstanding credit agreements (other borrowing)
– Landlord references (if applicable)
– Any other financial information requested

Applicants will also need to successfully pass a credit check – with different business lenders each having different criteria’s for approval. Being declined by one lender doesn’t mean you will be declined by all lenders.

If you need further information on this stage of the process, take a look at our article covering the steps required [internal link] before approval for finance can be given.

How quickly can my business be approved and funded?

Capify’s quick business loans are speedy for a reason – business owners don’t have much time to go through paperwork and wait for a decision. Our quick quote tool will provide you with a funding decision in 60 seconds.

After applying through our friendly Manchester-based sales team, you’ll receive your funds within days.