Swiftfund is a UK-based non-bank lender established in 2017 that focuses exclusively on merchant cash advances for small-to-medium enterprises accepting card payments. Its unsecured, revenue-based financing suits businesses with steady card revenues, particularly in retail, hospitality, and service sectors. Swiftfund is not regulated by the FCA, reflecting the unregulated status of merchant cash advance products in the UK. For an overview of related products and financing options, see our cash advance and MCA loans pages.
Key Features of Swiftfund
This lender offers practical benefits that appeal to businesses seeking quick and flexible working capital without collateral.
- Fast approvals with decisions often in a few hours; see quick business finance options.
- Same-day funding once approved, accessible via electronic submissions.
- Repayments flex in line with daily card takings, aiding cash-flow management; understand more about cash flow.
Funding Eligibility
You may qualify for Swiftfund advances if your UK-registered business has at least six months of trading history and monthly card sales of £5,000 or more. Businesses in excluded high-risk sectors might face restrictions or higher costs. Personal guarantees are usually required from company directors, which is common in unsecured lending; learn about personal guarantee requirements. For more details, consult guides on loan eligibility requirements and the guarantor concept.
Loan Options
Swiftfund provides a single loan product type suited to businesses with reliable card turnover looking for short-term finance.
- Merchant Cash Advance: Loan amounts range from £5,000 to £500,000, with automatic repayments over roughly 3 to 12 months without a fixed term. Factor fees lie typically between 1.10 and 1.50 times the advance, equating approximately to 20% to 90% representative APR. This product allows early repayment with no penalties. For detailed information, consult the MCA loans page.
How to Apply
The application process is fully online and designed for speed and simplicity, requiring essential documentation to verify eligibility and business performance.
- Submit an online application form with basic business and financial details; visit the application form.
- Provide recent merchant card statements (last 3-6 months), business bank statements (last 3 months), and identification documents for directors.
- Swiftfund reviews documents quickly, often delivering decisions within a few hours to a day; learn more about typical loan application processes.
- Agreements are electronically signed to speed fund release, which can occur on the same or next business day after approval.
Funding Agent's View on Swiftfund
Swiftfund is positioned as a specialised provider of merchant cash advances for UK SMEs that process card payments. Its product suits businesses in retail and hospitality seeking rapid access to working capital with repayment terms that adapt to cash flow. Because the product is unregulated and costs can be higher than traditional loans, it is advisable to weigh options carefully. To assist your decision, explore our loan calculators and tools, check your eligibility with our eligibility guide, and compare alternative lending solutions on the alternative finance loans page.
