Capify business loans: what they cost, who qualifies, and how they compare

Capify lends £10,000 to £3,000,000 to UK businesses that have traded for at least 12 months and turn over £10,000 a month. It prices on a factor rate rather than interest, collects daily or weekly, and needs a personal guarantee.

Capify's cost is fixed on day one. Its own published example is 47.9% APR on £10,000 over 12 months. The gap with interest opens when you need the money for weeks rather than a year, because a factor rate charges the full amount however early you repay, and interest stops when you do.

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What Capify offers a limited company

Capify offers limited companies two loans: an unsecured business loan of £10,000 to £3,000,000, and a secured loan of £50,000 to £3,000,000 against an asset. Both run over three to 12 months, repaid by fixed daily or weekly direct debits rather than monthly instalments.

Capify has lent in the UK since 2008, and says it has funded £1.2bn to more than 20,000 businesses. Every row below comes from Capify's own pages, which we checked on 13 October 2026. Terms change, so read them against your own offer:

Capify underwrites by hand rather than by credit score alone, reads your bank statements and cash flow, and gives each customer an account manager. That is the trade it offers: a decision in hours from a lender that will look past a thin or patchy credit file, at a price that reflects the risk.

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Capify's merchant cash advance is no longer a limited company's route

Capify's merchant cash advance is not the product a limited company applies for. Its broker guidelines reserve the advance for sole traders and partnerships, and route limited companies to its business loan, which needs £10,000 of monthly turnover rather than £20,000 of monthly card takings.

The advance also came off Capify's own website during 2026. Business Expert checked the old address on 18 August 2026, found the page gone, and reported the product as sold through brokers only. Reviews published in October 2026 still list a Capify advance of up to £1 million, so the position isn't settled. Ask Capify directly if an advance is what you're after.

A merchant cash advance gives you a lump sum, then takes a share of your card sales until the advance and its fee are repaid. It's a form of revenue-based finance, so repayments speed up in busy weeks and slow down in quiet ones. Capify's business loan works the other way: the daily or weekly amount is fixed, whatever your sales did that week.

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What a Capify loan costs, and when interest costs less

Capify prices its loans with a factor rate, so the total you repay is agreed on day one and doesn't fall if you clear the balance early. Its own published examples are 47.9% APR on £10,000 over 12 months and 67.89% on £24,000, with fees on top.

Capify advertises rates from 10.99% a year, which isn't the total cost. Three fees sit alongside it on Capify's fee page:

• A processing fee from £249, rising with the amount you borrow.
• An origination fee of up to 6%.
• A monthly service fee of £24.90.

That fee page carries a 9 February 2023 date, so check the table against the one in your offer.

Capify asks for a personal guarantee on every product. Its FAQ says this is 'usually in the form of the majority shareholder, or a combination of shareholders providing a personal guarantee over a loan', which means a director can be personally responsible for the debt if the company can't repay it.

What a factor rate costs you depends on how long you need the money. The table below compares £10,000 borrowed two ways: on an illustrative factor rate of 1.2, and on an iwoca Flexi-Loan, where we charge interest on what you still owe for the days you borrow it.

Over a full 12 months the two land close together, and on these figures the fixed fee is slightly the lower of the two. Capify's own example makes the same point: 47.9% APR on £10,000 over a year. Four weeks is where they part company. A factor rate of 1.2 charges £2,000 whether the money is out for four weeks or 12 months, while four weeks of interest is about £333.

The Flexi-Loan figures use our representative rate of 3.33% per 30 days and show interest only. Your rate depends on your business, so try your own numbers in our business loan calculator.

What repaying early does, and doesn't, do. Capify says there are no extra charges for repaying early, and a July 2026 review of its terms found no early-repayment penalty. That isn't the same as a saving. Because a factor rate fixes the total on day one, clearing the balance early ends the debt but not the cost, and Business Expert's review of Capify's pricing found no early-settlement saving on a factor rate. So ask for the settlement figure in writing at three, six, and nine months before you sign. On a Flexi-Loan there's no fee for repaying early, and the interest stops on the day you repay.

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Who Capify lends to: 12 months trading and £10,000 a month

Capify lends to UK-registered businesses that have traded for at least 12 months and turn over £10,000 a month, or £120,000 a year. Its FAQ says it considers all credit profiles, so a patchy credit file doesn't rule you out on its own, though it usually means a higher factor rate.

Capify's published criteria and paperwork are short. It asks for:

• 12 months of bank statements for the business account.
• The front and back of the owner's photo identification.
• The cover page of the bank statement, confirming the account name and number.

Capify runs a soft eligibility check first, which doesn't affect your credit score, and a full credit check once it's ready to submit your application and you've agreed its terms.

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When Capify's daily repayments fit, and when they don't

Fixed daily or weekly repayments suit a company whose money comes in steadily, day by day, and that would rather have a decision in hours than a lower rate. They suit a company paid on 30 to 60 day invoice terms much less, because the debit still leaves the account on the days nothing has come in.

A Capify loan can fit your company if:

• Takings arrive most days, through a till, a card machine, or an online store.
• A bank has turned you down, or would take weeks you haven't got.
• You're buying something that pays for itself quickly, such as discounted stock for a season you can forecast.
• You've worked out that the whole repayment, daily debit included, fits your margins in a quiet month as well as a busy one.

It may fit less well if:

• Your customers pay on 30 or 60 day terms, so your income arrives in lumps rather than daily.
• You expect to repay within a few months, because the factor-rate cost won't come down with you.
• You need the money for longer than a year, which is past Capify's usual term.

Victoria Simpson, founder of VCare Group, meets that gap every month. Her local authority customers take 30 to 60 days to pay, while 200 staff need paying on time: 'It might be just a two or three day gap. But when you've got payroll running at that level, two or three days matters.' A fixed daily debit takes money out on exactly the days there's least of it.

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Borrowing for weeks rather than a year with an iwoca Flexi-Loan

A Flexi-Loan charges interest on what you still owe, only for the days you borrow it, so a four-week need costs four weeks. That's the case where a factor rate costs most, because it charges the full agreed amount however early the money goes back.

Most of the reasons a limited company ends up comparing lenders are timing rather than shortfall. A £40,000 invoice is sitting on 60-day terms with payroll due in three weeks. A VAT bill lands before the customers who generated it have paid. Stock has to be bought and shipped before a peak season starts. In each case the money is needed for four to ten weeks, and then it goes back.

A Flexi-Loan is built for that shape of borrowing. You can borrow £1,000 to £1m over one to five years, and what you pay reflects the days you actually had the money, so repaying when the invoice clears costs you weeks of interest rather than a year of it. Many applications get an instant decision, and for larger loans an underwriter comes back within 24 hours.

If your credit file is the reason you're comparing lenders at all, iwoca Credit Compass is free and shows your Equifax business credit score alongside four more scores, the factors affecting them, and what to focus on. We also report repayments to Experian and Equifax every month, so a loan repaid on time is visible to the next lender who looks at you.

Since 2012 we've provided £5bn+ in funding to 100,000+ UK businesses. A Flexi-Loan still isn't right for everyone. It's not an option if your business isn't a UK limited company, or if no director is willing to give a personal guarantee. And if your income genuinely does arrive day by day through a card machine, funding repaid from your sales may suit you better than a set monthly amount.

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Capify FAQs

Does Capify lend to start-ups?

Capify's FAQ rules this out. It says Capify 'does not lend to individuals who need start-up funds for a new business, looking to purchase a business or have been in business less than 12 months', because its decision rests on the cash flow it can see in your accounts. The 12-month rule is firm rather than a guideline.

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Does Capify lend to businesses with bad credit?

Capify says it assesses all credit profiles, and offers the same £10,000 to £3,000,000 range to businesses trading 12 months with £10,000 of monthly turnover.

A weaker credit file usually shows up as a higher factor rate rather than a refusal, so compare the total repayable rather than the headline rate.

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Does Capify offer a business line of credit?

Capify's product pages list business loans, Supplier Invoice Payment, debt consolidation, and refinancing, not a line of credit.

A line of credit is an agreed limit you can draw from, repay, and draw from again, which is a different shape of borrowing from a loan with a fixed total. If what you want is a loan you can repay early without a penalty, a Flexi-Loan does that, though it's a business loan rather than a facility you dip into.

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Does Capify have a loan calculator?

Capify has a business loan calculator on its own site, which estimates what you could borrow and the repayments from your monthly turnover. Treat the output as an illustration: the figure that matters is the total repayable in a written offer, with the processing, origination, and monthly fees included.

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How do I log in to Capify or contact it?

Capify's customer login and contact details are on capify.co.uk. iwoca has no access to Capify accounts, balances, or settlement figures, so your account manager at Capify is the person to ask.