Swiftfund Ltd is a UK-based alternative finance provider established in 2018. It offers fast, unsecured funding solutions for small and medium-sized enterprises primarily through an online, technology-driven platform. The company is authorised and regulated by the Financial Conduct Authority, specialising in products such as unsecured business loans, merchant cash advances, invoice finance, and asset finance. Swiftfund may suit businesses seeking rapid working capital without providing physical collateral. For a broader perspective on such funding, see our business loans overview and alternative finance loans guide.
Key Features of Swiftfund Ltd
Swiftfund offers a digital-first experience designed for speed and convenience. The platform integrates well with common accounting software and provides ongoing access to financial information. Below are some notable features.
- Fully digital application portal with electronic bank feeds for quicker assessment.
- Soft credit searches allow you to get indicative offers without impacting your credit score; learn about credit rating.
- 24/7 client dashboard to monitor balances, repayments, and loan details on demand.
- Integration with popular accounting platforms like Xero, QuickBooks and Sage to streamline underwriting.
- Dedicated UK-based relationship managers provide support via phone, email and live chat.
Funding Eligibility
You may qualify for Swiftfund’s lending products if your business has operated for at least six months. For asset finance loans, 12 months of trading is typically required. Monthly or annual turnover thresholds apply depending on the product. High-risk sectors such as gambling, crypto, and speculative property are generally excluded. Businesses must be UK-registered and trading. For more about eligibility, explore our loan qualification guide, eligibility checkers, and eligibility criteria explanations.
Loan Options
Swiftfund provides several finance products tailored to different business needs, all accessed online. The following loan types are available.
- Unsecured Business Loan: Amounts from £5,000 to £500,000 with terms ranging 3 to 18 months. Interest rates approximate 1.5% to 3.0% per month (equivalent to 18% – 36% APR). This loan requires at least 6 months trading and £10,000 monthly turnover.
- Merchant Cash Advance: Advance between £5,000 and £300,000 with flexible terms typically 3 to 12 months, repaid as a percentage of card sales. Factor rates range from 1.15 to 1.35, indicating a total cost between 11% and 35%. A minimum of £5,000 in monthly card takings and 6 months trading is required.
- Invoice Finance Facility: Advances from £10,000 up to £2,000,000 on invoices, financing up to 90% of invoice value. Revolving facility for invoices 30 to 120 days old with discount fees between 1.5% and 3% over the Base Rate per 30 days. Annual turnover must exceed £100,000 with at least 6 months of trading.
- Asset Finance (Hire Purchase & Leasing): Funding from £10,000 to £1,000,000 for terms of 1 to 5 years. Interest rates range roughly from 6% to 12% flat rate equivalent. Requires 12 months trading and a minimum annual turnover of £100,000. Assets financed typically act as security.
How to Apply
The application for Swiftfund’s products is fully online, allowing quick decisions and fast funding. Applicants should prepare relevant documentation and expect credit checks.
- Submit an online application form using Swiftfund’s digital portal; see our application form resources.
- Provide essential documents such as recent business bank statements, director identification, proof of address, and relevant financial statements; refer to our document checklist.
- Swiftfund typically delivers a lending decision within two hours on the same business day, with funds released within 24 hours of approval; learn more about quick finance processes.
- Sign electronically via e-signature technologies to expedite contract completion.
Funding Agent’s view on Swiftfund Ltd
Swiftfund Ltd caters to growing UK SMEs that prioritise fast and flexible lending rather than the lowest possible borrowing cost. Its online platform supports rapid access to various finance products without the need for physical collateral. Businesses with at least six months of trading and clear finances may find Swiftfund’s offerings suitable for short-term capital needs. To explore further, check our eligibility tools, compare options on our business loans comparison page, or learn more from the alternative finance loans guide.
