Find your funding options

We work with over 70 lenders offering a wide range of business finance options, and we'll find you the right funding within minutes

Step 1 of 3

Step 2 of 3

Step 3 of 3

We helped Fork Truck Borders Instruction get the overdraft alternative they needed to buy a new forklift and expand

Capify: Business Loans and Merchant Cash Advances

About

Capify is one of the best-known alternative finance providers in the UK. Previously known as United Kapital and Capiota, this lender was founded in 2008 and offers Merchant Cash Advances and Business Loans. The firm also operates internationally, with offices in the USA, Australia and Canada as well as the UK — making them one of the largest alternative finance providers in the world.

Products

Capify offers merchant cash advances and business loans — for both products, you can borrow between £3,500 and £500,000. The loan amounts are based on your monthly turnover, and both products are repaid via small daily transactions. Here are the main features:

Borrow from £3,500 to £500,000

Capify offer a wide range of loan amounts. The minimum of £3,500 is fairly representative of the wider market (although some other lenders will go as low as £1,000), whereas the upper limit of £500,000 is significantly higher than some other options on the market. Of course, the amount you can borrow depends on lots of factors specific to your business, but in principle Capify offer large loan amounts which should be sufficient for larger businesses.


Business Loan features

  • Raise up to 75% of your average monthly turnover
  • Small daily repayments
  • Terms from 5–12 months
  • You process at least £7,000 per month through your business bank account
  • For limited companies trading at least 9 months

Raise up to 75% of your average monthly turnover

The amount you can raise via a business loan is directly related to your monthly turnover. Assessing turnover vs loan amount is a common method in the industry — however, Capify will also look at other factors like existing debts and trading history before making a decision. If your turnover fluctuates a lot month-on-month, you may not be eligible for the full 75%, although this decision will be made on a case-by-case basis.

Small daily repayments

Big monthly payments can put a strain on cash flow, making the loan difficult to service and leaving less cash available for the day-to-day running of the business. Because Capify takes repayments every day in small amounts, the issue of meeting a large monthly payment is removed.

Terms from 5–12 months

With terms from five to twelve months, Capify's business loan is a short-term product, designed for a few months of working capital rather than long term growth projects. Some business owners might prefer a term of two years or more, but for short term plans a business loan from Capify should have a long enough term length.

You process at least £7,000 per month through your business bank account

As well as the turnover ratio criteria, Capify require that you process at least £7,000 through your business bank account each month to be eligible for a business loan. Compared to some other providers this is a more difficult requirement to satisfy, but may also mean Capify are able to offer favourable terms to large enough businesses.

For limited companies trading at least 9 months

Business loan providers usually won't lend to companies with less than two years of trading history, so in this respect Capify's offering is competitive, and they're able to help fairly new businesses that meet the other requirements.


Merchant Cash Advance features

  • Raise up to 150% of your average monthly card takings
  • Small daily repayments
  • Once 60% is paid back, you may be eligible to top up your funds
  • Processing credit cards for 60 days
  • More than £3,000 per month in card payments

Raise up to 150% of your average monthly card takings

Merchant cash advances are based on your card terminal sales. With Capify, you can borrow up to 150% of your average monthly takings — although if your business is seasonal and your month-on-month takings fluctuate a lot, you may not be eligible for the full 150%.

Small daily repayments

Repayments are calculated per transaction, which means a small percentage of every sale through your card machine goes towards repaying the advance. Additionally, Capify's merchant cash advance is integrated with your card payments provider, so these repayments happen automatically with no input from you. Many businesses using merchant cash advances find this method of repayment easier to manage than a monthly payment, and because it's directly based on your sales it goes up and down with your daily income.

Once 60% is paid back, you may be eligible to top up your funds

Merchant cash advances differ from business loans because they're technically an advance on your future sales, rather than a loan. This means once you've paid back 60% of the original advance you may be able to top up your funding with Capify, unlocking more funds from your card terminal sales.

More than £3,000 per month in card payments

The criteria for a merchant cash advance with Capify are easier to satisfy than some other lenders, with the minimum revenue just £3,000 per month via a card machine. Retailers, bars and restaurants find that the criteria for business loans can be difficult to satisfy, so a merchant cash advance may represent another route to funding that would otherwise be unavailable.

Processing credit cards for 60 days

This requirement is competitive within the merchant cash advance space, with some lenders requiring at least 120 days of historic card sales. This means that even if your business is very new, if you're taking more than £3,000 per month you may be eligible for funding with Capify.

Fork Truck Borders Instruction

Douglas wanted funding to buy a new forklift for his plant operator instruction company. He applied for an overdraft with his bank, but they couldn’t help, and he was referred to Funding Options via the Bank Referral Scheme.

We found him an overdraft alternative, giving him the flexibility to buy the new forklift and hire a new member of staff for his growing business. Within 24 hours of being declined by the bank, the money was in his account.

Apply Online or call 0333 344 1015
“Getting this funding quickly has really helped in a time of need, and now I’m interviewing for staff with the new forklift truck already in place. To buy this equipment urgently, I was in the corner, and it was a real blessing to have the alternative — it was a pleasure dealing with Funding Options.”

— Douglas Younger, Managing Director, Fork Truck Borders Instruction

Apply Online or call 0333 344 1015

See why businesses trust Funding Options to help them secure finance

Connected

We work with 70+ lenders across a wide range of products, so you can quickly see your best match

Respect

We’re trusted and highly rated by our customers, and our service is impartial and no-obligation

Support

Our experienced team will guide you through the process — we’re with you every step of the way