Rating based on 47 reviews

Capital on Tap

Updated July 19, 2024

Business loans up to £50,000
Apply in 2 minutes
Low-interest starting from 9.9%

Capital on Tap homepage — Author Capital on Tap. Screenshot of Capital on Tap website.
[Accessed May 17, 2023]

About Capital on Tap

If you are looking for a business loan that could take your company to the next level then Capital on Tap has just about all the capital you need.

At Capital on Tap, they realize that running a business is hard. Accessing funding for your business shouldn't be time-consuming and complicated. They, therefore, offer simple, convenient business loans to small businesses in the UK.

Traditional funding options have slow response times, rigid underwriting criteria, and opaque fees, making it difficult and sometimes impossible for a small business to get finance. Capital on Tap offers a solution to those problems.

Their mission regarding business loans

They believe in building simple tools for real-world businesses to realize their potential and achieve great things. Whether it is to get through a slow month, having to pay for stock, or fuel high growth, most small businesses require funding to thrive and survive, and their business loans cover all of that.

Capital on Tap has years of experience

Capital on Tap has provided over £1.5 billion and helped more than 100,000 businesses to grow. Their goal is to provide financial relief for small businesses to grow, through their business loans. To make the process as easy as possible they take the complexity out of business finance.

Making it easier to manage your business

You will be in control of how you use your business finance. You can spend on your self-employed credit card or send the funds to your bank account. You will have access to all the features they offer to small business owners.

Capital on Tap Services

As soon as you have completed your account setup and have activated your business loan card online, you can start accessing your credit.

You can use your card to make purchases at any merchant in the UK or worldwide that accepts Mastercard/Visa. You can make withdrawals from any ATM. The daily withdrawal limit is two transactions and is limited to £400 per day.

Your card can also be used for online or telephonic purchases. The merchant will need your name, 16-digit account number printed on the card, the card type, and expiry date. Your CVV number will also be required. You can make up to 15 transactions per day on this business loan card.

Capital on Tap repayments options

To best suit your preferences, they offer three different payment options. You can pay the full balance, minimum monthly amount, or a fixed amount. If you choose the Minimum Monthly payment option, you will need to pay 10% of your outstanding balance or £100 – whichever amount is greater.

By logging into your business finance account, you can change your repayment option at any time during your billing period. Although a direct debit is the simplest way to pay, you can also make a debit card payment from the online portal.

Business finance with Capital on Tap

Funding shouldn't be hard just because you are self-employed. At Capital on Tap, they help sole traders and freelancers to get the business finance they need to grow. They offer higher limits than a personal credit card and flexible repayment options with great rewards.

Capital on Tap – Business loan

Loan Type Business loans
Interest Rate 9.9 – 22.9% p/a
Loan Amount up to £50,000

Benefits of Capital on Tap

Apply online in 2 minutes
Low-interest rates
56 days interest-free

Business loan calculator

Capital on Tap has reliable and affordable business loans

They understand that business owners want to spend their valuable time focusing on their businesses and growth.

Capital on Tap reward cards include

Interest rates from as low as 9,9% APR (22.9 representative APR).
Credit limits up to £50,000.
Up to 56 days' interest-free credit.
Up to 20 free supplementary cards.
Regular account reviews. This can lead to credit limit increases and interest rate reductions.
Integrations with accounting software packages so you can manage your business the easy way.
Cashback rewards with Avios. To qualify for these rewards, you will have to upgrade to one of their Rewards schemes.
They do not charge any ATM, FX, or other hidden fees.
If you pay your balance in full there will be no interest charged on your card purchases.

Qualifying criteria for a business loan

High-end banks have very strict qualifying criteria when it comes to business finance. This makes it next to impossible for a lot of small businesses and self-employed individuals to access funding for their businesses.

Information needed the application

Using their online loan application form they will need basic business and personal information. If your business is a limited company, please have your registration number available. This will only ensure that the application progresses smoothly, resulting in you having access to your business loan as soon as possible.

Once the business loan application is completed, their business compliance team will check that all conditions are met, and you will receive your business card. The card can then be used for the loaned amount and any purposes surrounding your business.

Simple business loan requirements

Your business needs to show a turnover of £2,000 per month.
There cannot be any unsatisfied CCJs against you or your business in the last 12 months.
You and your business need to be based in the United Kingdom.

A quick and convenient application process

Getting finance for your business from Capital on Tap is easy and quick. Filling out their business finance application online takes 2 minutes and won’t affect your credit rating.

You will receive a decision in minutes. Once you sign up for your account, you will enjoy instant access to funding and your card will be delivered within 4 business days. After you receive your card, you can start upgrading your business to the desired level using their wonderful business finance.

Benefits of a business loan

Apply online in less than 2 minutes.
Low-interest rates on business loans.
56 days interest-free.

Capital on Tap is a trusted & reliable provider of business loans

In our review, Capital on Tap adheres to the compliance criteria in accordance with the Consumer Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Capital on Tap is a registered credit provider in UK: FCA number 625592

Customer Reviews & Testimonials

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May 2021

When I started my business five years before getting a business loan with Capital on Tap, I thought that was it, but they have helped me grow and develop into so much more.

Patricia S
— Plumpton —

September 2021

I have never seen a company go the extra mile for me like this before, they stuck closer to me than my own family, and for them, I am forever grateful.

David J
— Lickfold —