Business loans? Arranged quickly!
Funds can be in your account in 24 hours
Repayment term up to 24 months
Apply for £10,000 up to £400,000
Applications can take just 3 minutes.
Get funding from the only lender in the UK with
Customer Service Excellence accreditation!
More than 7,000 entrepreneurs have trusted Swishfund in the UK and The Netherlands
We are Swishfund
For entrepreneurs, by entrepreneurs
We understand your drive to keep growing your business. That’s why we’re here to provide the right business loan, giving you the confidence to take the next step.
A business loan in 3 steps
1. Your loan amount and purpose
Make an online application through the link below and let us know how much you want to borrow.
2. Your business' financial information
We'll need the most recent full set of filed Accounts (i.e. with the P&L and Notes), and a PDF of a recent business bank statement.
3. Twelve months of bank transactions
Through a secure bank connection, you grant permission for us to link to your bank in order to download your banking transactions. We will then be able to quickly assess affordability and eligibility for funding. We're fully transparent and we'll always give you a complete explanation for our pricing and decisions!
Is my business eligible
for Swish' funding?
Swishfund lends to early-stage and well-established companies and limited liability partnerships. Since we only lend what we believe is affordable for your business to repay, you need to be able to show regular cashflow in your bank. This is why we need your business to have been operating for at least a year and...
What to expect from us
We believe in being transparent about our terms and rates. When determining loan rates, we consider various factors. We'll explain how this works, so you know exactly what to expect.
1
We want to make business loans as easy, fast and responsible as possible for entrepreneurs. Do you meet the conditions below? Then you can apply for a business loan from us.
- Your company is incorporated in England & Wales or Scotland
- You have filed Annual Accounts at Companies House
- You have a business bank account
- Your annual turnover is at least £50,000
2
- A full set of filed Annual Accounts (with P&L and Notes)
- A PDF of a recent bank statement
- Names, addresses and dates of birth of all directors/shareholders
- Access to 12 months of business bank transactions via Open Banking or a .CSV
3
We use a range of information and models to assess the risk of your business becoming unable to repay the loan. Less risk will mean that the cost of the borrowing will be lower.
If you are able to provide security, or if you have high net assets in the business or personally, this can also lead to a lower interest rate. You can read more about how we calculate the interest rate here.
4
The loan amount is the principal that we will pay to you for your loan purpose, plus an arrangement fee. The arrangement fee covers the cost of acquisition and processing in respect of your application. This will include our operational costs and (i) a fee payable to the broker or introducer, or (ii) an amount allocated to our direct marketing budget.
5
Once we have made an offer to you which you have accepted, we will get some further details from you and provide you with electronic contracts for your signature. We will also carry out some AML/KYC checks (as required by law), and will ask you for a short Whatsapp video of your trading premises.
Just before payout we have a video-call with each of the personal guarantors to ensure that you are happy with the terms and conditions, to answer any final questions you have, and to double-check bank account numbers for instant payout.
6
We will always set up a weekly or monthly direct debit in GoCardless for repayments.
If you miss a payment you may make a manual payment to us directly. Please contact us as soon as you can for the bank account details.
You may settle your loan early at any time, and will only pay interest up to the end of the calendar month of settlement. Since Swishfund charges interest on a straight-line basis (rather than amortising and front-loading it like other lenders do), there are no unpleasant surprises when you come to settle early.
We can also take bulk payments through the term of the loan. With bulk payments we can apply them to the end of the loan (to settle early), to provide a payment break, or to reduce the amount of future repayments. We do not charge for this service, because we believe that lending is a partnership, and we want to help you in any way we can.
Swishfund in Numbers
Swishfund Ltd is a subsidiary of our Dutch parent company, Swishfund B.V. (a regulated business in The Netherlands).
As a Group of Companies, we have the following results so far....
financed
businesses
loans issued
Trustpilot
Apply quickly and worry-free
You can focus on what you do best: driving your business forward
Contact us today
Do you have questions or need assistance with your business loan application? Our expert team is here to help.
We’re available on weekdays from 8:00a.m. to 6:00p.m.
Want to know more?
Once you have accepted an offer from us, there are a few Know-Your-Client steps that we must take, but for loans up to £75k we can have the funds in your bank within a couple of hours of your acceptance. For loans above £75k up to £400k, we can deposit the money into your business account within 48 hours.
The application itself takes 3 minutes. After a working day, we will contact you by email or phone to discuss the first results. Based on this, we may request additional information. We strive to have the money in your business account within 24 hours for loans less than £75k, and within 3 working days for loans up to £400k.
For more information on the application process click here.
You can only use the loan to finance any legitimate business activities. Due to our very favourable early-settlement terms, Swishfund is the“perfect working capital bridge” for your financial needs. You can read more about our loan purposes here.
Yes, you can.
If you wish to make a bulk payment, we can (a) apply those funds to the end of the loan, thereby saving you some interest, or (b) apply those funds to the next few payments, pausing the direct debit until the funds are used up, or (c) reduce the amount of each of your future repayments.
You can always repay the whole of the loan earlier too. We do not charge any early settlement fees, but you still must pay the agreed interest to the end of the calendar month of settlement. We charge interest on a straight-line basis (rather than amortising like many other lenders), which means that we do not front-load the interest, and when you are halfway through the term of a Swishfund loan you will have repaid half of the amount you borrowed.
The cost of your loan comprises a one-off arrangement fee and a monthly interest rate. The amount of these costs is a percentage and therefore depends on the amount you wish to borrow. The arrangement fee is added to the loan, so you do not need to make any payment to have your application assessed or to receive the funds.
The arrangement fee covers our marketing and operational costs. The amount of the arrangement fee may be split with your finance broker, if applicable.
The monthly interest is determined based on your company's risk profile and ranges between 1.1%-3% per month based on the total loan amount. You can read more about how interest is calculated here.
We only provide loan funds to limited companies that are registered at Companies House in the United Kingdom, and that have a business bank account. In addition, our customers must have a turnover of at least £50,000 in the past year, and have filed at least one set of Annual Accounts at Companies House.
For more information on the necessities for a loan application click here.