Capify

Who are Capify?

Capify is a business finance lender that provides short-term financing solutions for small businesses and SMEs based in the UK.

Established in 2008, Capify (known as United Kapital and Capiota at that time) started out as a two-man team based in Altrincham. They were one of the first merchant cash advance providers in the UK and now have a team of over seventy staff. Capify unified their previous names of United Kapital and Capiota into a single brand. They celebrated their 10-year anniversary in Sept 2018.

What type of business funding do they offer?

Capify offers three funding options, a merchant cash advance, an unsecured business loan and a secured business loan.

Merchant Cash Advance

Capify's merchant cash advance is ideal for businesses such as restaurants, pubs and retail stores that accept customer card payments. You can borrow from £5,000 up to £500,000 against future credit and debit card sales, with repayments taken as a small percentage of your daily card turnover.

Small Business Loan

Capify's small unsecured business loans range from £5,000 to £750,000 and are tailored specifically to the needs of your business. The loan is paid back in smaller regular payments rather than one large fixed monthly repayment.

Secured Business Loan

Capify's secured business loans range from £75,000 to £750,000 by using your asset as a security. Repayments are fixed and are tailored to your business circumstances.

How do you apply and qualify for funding with Capify?

To be eligible for funding from Capify, your business must meet the minimum criteria for the product you are applying for.

Typically, you must be a UK business (sole trader, limited company or a partnership), have at least 12 months of trading history and have a minimum turnover of £10,000 to qualify for a business loan or £20,000 per month in card transactions to be eligible for a merchant cash advance.

That means that Capify's funding can only be used to grow an existing business rather than as a startup fund for a new venture. If you don't take card payments, then you won't be eligible for a cash advance, but you may still qualify for their business loan product.