Bizcap, established in 2019 and originally from Australia, operates as a non-bank lender offering fast, short-term working-capital loans to UK-registered limited companies. It specialises in digital, quick-access lending, accommodating businesses that may not fit mainstream credit criteria. While not FCA-authorised and thus operating under commercial lending exemptions, Bizcap focuses on unsecured and bridging finance suited for SMEs needing rapid funds, including those with adverse credit. It may appeal to firms facing urgent cash-flow needs or tax bills, though those seeking longer or less costly loans might consider traditional bank options. For a broader view, see unsecured business loans and working capital loans.
Practical Features of Bizcap
Bizcap's lending model offers speed and transparency, with digital processes designed to minimise delays and provide clear cost expectations.
- Online application using bank-statement and Open Banking uploads enhances easy access to funds.
- Approval decisions can be made within hours, with funds often available same day.
- Fixed-cost pricing model with upfront total cost disclosure and early repayment rebates helps borrowers understand charge structure.
Funding Eligibility Criteria
To be eligible, businesses generally need at least six months of trading with a respectable turnover, along with director personal guarantees. Additional qualifications likely apply depending on loan type.
- Minimum trading period of six months and turnover thresholds between £80,000 and £100,000; check loan eligibility requirements.
- Personal guarantees are mandatory on all facilities, involving joint and several guarantees for directors owning more than 20%; see personal guarantee requirements.
- Applicants must be UK-registered limited companies or LLPs without active insolvency or winding-up petitions; further guidance at business loan qualifications.
Loan Options Available via Bizcap
Bizcap offers several loan types primarily focused on short-term, unsecured working capital and bridging finance tailored to meet urgent business cash needs.
- Unsecured Small Business Loan: amounts from £5,000 to £2 million for terms largely capped at 3 to 12 months. Interest rates range from 1.75% to 3.5% per month flat (equivalent to roughly 21% to 42% APR). Features include no asset security, daily or weekly repayments, and a digital contract. Details can be seen at unsecured working capital loans.
- Bridging Business Loan: £50,000 to £2 million with 1 to 12 months terms, interest-only with bullet repayment. Rates between 1.5% and 2.5% per month flat (18% to 30% APR). Usually secured for loans over £250,000 and requires full director guarantees. Find out more at bridging loans.
- Bad-Credit Business Loan (Specialist): £5,000 to £150,000 for 3 to 10 months, rates ranging from 2.5% to 4.5% per month flat (30% to 54% APR). Accepts adverse credit histories with no asset security but requires personal guarantees. Explore options at bad credit business loans.
How to Apply for a Bizcap Loan
Bizcap’s application process is fully digital, designed for speed and ease, requiring standard documentation and offering rapid decisions.
- Submit a 100% online application form with uploaded bank statements and ID documents; visit application form.
- Provide required documents including six months of business bank statements, proof of identity, address verification, and financial accounts if borrowing above £250,000; full list at application documents needed.
- Expect loan approval to be communicated within as little as three hours, with funds released often the same or next business day.
- Review and digitally sign a simple loan contract, typically a one-page document, electronically finalising the agreement.
Funding Agent’s View on Bizcap
Bizcap fills a niche for ultra-rapid, short-term lending, especially for SMEs requiring urgent cash without traditional credit constraints or collateral. It suits firms prioritising speed and flexible credit acceptance over low cost. Applicants should be aware of higher interest rates, mandatory personal guarantees, and short repayment terms that may challenge cash flow. Those seeking longer duration or lower rates should explore traditional bank loans or asset-backed finance. To compare options and check your eligibility, visit loan eligibility requirements, finance tools, and business loan comparisons.
