Boost Capital Limited, founded in 2012, is a non-bank lender offering short-term unsecured funding to UK small and medium-sized enterprises (SMEs). It operates under commercial lending exemptions and focuses on quick approvals and repayment methods tied to daily ACH or card sales splits. This lender may suit established SMEs seeking rapid working-capital solutions or merchant cash advances but not start-ups or businesses needing longer loan terms. For broader context, see our business loans overview and working capital loans guide.
Key Features of Boost Capital Limited
Boost Capital offers several practical features designed to support SME cash flow needs quickly and with minimal asset security. Their model involves online applications and relationship management.
- Fast funding decision within 24 hours with quick business finance solutions.
- Flexible daily repayment or card-payment split options to align with business cash flow, see cash flow management.
- No tangible asset collateral required, only a personal guarantee is mandatory, explained in personal guarantee guidance.
- Dedicated UK-based account managers offer personalised support, linked with our lender support services listing.
- Early settlement discounts available on some facilities, see discount rate glossary for details.
Funding Eligibility
You may qualify for funding from Boost Capital if your business has traded continuously for at least six months and meets minimum turnover levels. The eligibility criteria require a UK-registered enterprise with no significant county court judgments (CCJs) and a UK current account. For detailed guidance, consult our business loan qualification guide and financial eligibility tools.
Loan Options
Boost Capital provides two main loan types tailored to SMEs requiring unsecured capital or flexible repayments tied to card sales.
- Unsecured Business Loan: £10,000 to £500,000 with terms of 4 to 18 months. Typical factor rates range from 1.1 to 1.5, roughly equating to 15% to 50% APR. Repayments are daily via direct debit. Eligibility requires at least six months trading and £5,000 average monthly turnover.
- Merchant Cash Advance: £3,000 to £500,000, capped at approximately 100% of monthly card turnover. No fixed term, usually repaid over 3 to 12 months depending on card sales. Factor fee between 1.1 and 1.5 applies. Requires six months of consistent card payment processing and a minimum monthly card turnover of £3,000.
How to Apply
Applying to Boost Capital is fully online, designed for speed and simplicity. Expect a quick decision once all required documents are submitted.
- Submit your online application form with business and director details, available via our application form.
- Provide required documents: last 3 to 6 months of business bank statements, card processing statements (if applicable), photo ID, and proof of address.
- Once reviewed, receive a decision within 24 hours and funding released to your account within 48 hours. Review our funding timelines for details.
- Sign contracts electronically with e-signature technology incorporated in the online process.
Funding Agent’s View on Boost Capital
Boost Capital fits a niche for established UK SMEs needing swift unsecured loans or merchant cash advances to manage short-term working capital. Businesses should weigh the faster access against higher costs and mandatory personal guarantees, typically better suited to firms with stable cash flow and sufficient margins. To explore similar options, use our loan comparison tools and business loan calculator to find suitable funding.
