paypal working capital Alternatives

This guide lists five UK focused alternatives to paypal working capital, so buyers can compare speed, eligibility, products, and pricing before applying.

Quick Compare:

1. iwoca

iwoca provides flexible credit options for small UK businesses. It mainly offers working capital loans that are suitable for franchisees and merchants seeking quick access. The lender offers quick decisions, flexible terms, and unsecured options depending on the risk profile.

Loan and pricing details

• Min amount: £1,000
• Max amount: £1,000,000
• APR min: 42.4%
• APR max: 49%
• Loan durations: 1 day to 24 months

Funding range note: from 1,000 to 1,000,000

Speed: Fast approvals, decisions typically within hours

Interest rate notes: Rates start at 1.5% per month

Eligibility

• Min trading months: 6
• Min monthly turnover: £5,000
• Credit flexibility: Offers credit based on risk profile

Personal guarantee: May require a personal guarantee for larger loans

Homeowner advantage: Home ownership is advantageous but not necessary

Services and sectors

• Products: term_loan, revolving_credit
• Industries: Retail, Manufacturing, Trade

Best for

• Flexible terms
• Fast approvals
• Small businesses

Pros

• High loan amounts
• Flexible terms
• Quick approval

Cons

• Interest can be high depending on risk
• Fees for long-term loans

Sources: https://www.iwoca.co.uk/small-business-loans https://www.iwoca.co.uk/business-loan-calculator

2. Swoop Funding

Swoop Funding offers a broad range of lending options through a panel of multiple lenders. It caters to businesses seeking to compare various funding sources and offers flexible repayment plans based on the product. Suitable for those needing quick access or larger loan amounts.

Loan and pricing details

• Min amount: £5,000
• Max amount: £10,000,000
• APR min: 6%
• APR max: Unknown
• Loan durations: Typically 1 to 5 years

Funding range note: from 5,000 to 10,000,000

Speed: Varies based on selected product

Interest rate notes: Interest rates start at 6% on some products

Eligibility

• Min trading months: 12
• Min monthly turnover: £10,000
• Credit flexibility: Depends on the lender chosen

Personal guarantee: Depends on the lender requirements

Homeowner advantage: Does not specifically benefit homeowners

Services and sectors

• Products: term_loan, equity_finance, grants
• Industries: Technology, Healthcare, Construction

Best for

• Comparing funding sources
• Diverse funding needs

Pros

• Access to wide variety of funding options
• User-friendly platform

Cons

• Approval time can vary
• Complexity of choice

Sources: https://swoopfunding.com/uk/business-loans/

3. Funding Circle

Funding Circle focuses on small business loans and online lending. It provides swift application processes suitable for franchise buyers and business owners seeking straightforward funding. Often preferred for transparency, quick turnaround, and flexible loan terms.

Loan and pricing details

• Min amount: £10,000
• Max amount: £750,000
• APR min: 6.9%
• APR max: Unknown
• Loan durations: 6 months to 6 years

Funding range note: from 10,000 to 750,000

Speed: Typically 1 week from application to funding

Interest rate notes: Fixed rates starting from 6.9%

Eligibility

• Min trading months: 12
• Min monthly turnover: Unknown
• Credit flexibility: Credit dependent on business health

Personal guarantee: Usually required for most loans

Homeowner advantage: Not specifically advantageous

Services and sectors

• Products: term_loan
• Industries: Retail, E-commerce, Hospitality

Best for

• SMEs
• Transparent fees
• Quick online application

Pros

• Transparent fees
• Quick process
• Large loans available

Cons

• Requires personal guarantee
• Medium credit score needed

Sources: https://www.fundingcircle.com/uk/small-business-loans/

4. Fleximize

Fleximize offers tailored business funding solutions with flexible repayment options and potential top-up facilities. It suits growing companies needing adaptable credit lines and quick access to finance with minimal collateral.

Loan and pricing details

• Min amount: £5,000
• Max amount: £500,000
• APR min: 42.4%
• APR max: Unknown
• Loan durations: Up to 4 years

Funding range note: from 5,000 to 500,000

Speed: Decisions typically within 24 hours

Interest rate notes: Rates start from 0.9% per month

Eligibility

• Min trading months: 6
• Min monthly turnover: £7,000
• Credit flexibility: Tailored solutions based on business

Personal guarantee: Usually required for unsecured loans

Homeowner advantage: Usually beneficial in risk assessment

Services and sectors

• Products: term_loan, revolving_credit
• Industries: Food services, Logistics, Professional services

Best for

• Flexible repayments
• Growing businesses

Pros

• Flexible terms
• Quick decisions
• Top-up options

Cons

• Higher APR for riskier profiles
• Personal guarantee needed

Sources: https://fleximize.com/business-loans

5. Capify

Capify provides fast access to working capital through merchant cash advances and short-term loans. It is suitable for seasonal revenue businesses and those needing quick cash flows. The provider offers quick funding and flexible repayment options.

Loan and pricing details

• Min amount: £5,000
• Max amount: £1,000,000
• APR min: 67.89%
• APR max: Unknown
• Loan durations: Short-term focused

Funding range note: 5,000 to 1,000,000 typically

Speed: Same-day funding often available

Interest rate notes: APR can be high, around 67.89% for some products

Eligibility

• Min trading months: 12
• Min monthly turnover: £6,000
• Credit flexibility: Traditional credit assessments

Personal guarantee: Generally required for term loans

Homeowner advantage: Can be beneficial in assessment

Services and sectors

• Products: merchant_cash_advance, term_loan
• Industries: Hospitality, Retail, Healthcare

Best for

• Seasonal businesses
• Quick access to cash

Pros

• Quick funding
• Flexible products

Cons

• High APR
• Short terms

Sources: https://www.capify.co.uk/annual-percentage-rate-apr-explained/

Final notes

When comparing providers, match loan size, timeline, and sector fit first, then confirm current rates and fees with the finance provider. If one option declines your application, a broker or multi lender panel may still place the deal. Choosing the right type of provider is essential. Banks generally offer larger, secured loans for structured projects. Brokers can access a range of options across different lenders. Specialist providers focus on fast, unsecured funding for specific needs. It is useful to compare providers based on your particular use case. Facilities like Funding Agent can assist in this process and provide access to multiple options efficiently.