UCapital offers unsecured business loans for amounts less than $300,000, with the amount based on the business's average monthly turnover. Loan terms can be negotiated between 3 months to 2 years, with loan repayments made either every business day or on a weekly basis.
The online application form takes about 10 minutes to complete and the loan approval process typically takes between 24 hours and 5 working days.
The loan has the following features:
Lenders offering business loans typically do not disclose their interest rates and UCapital is no exception. Interest rates can vary from loan to loan, based on the health and history of the business, its turnover, cash flow and its unique circumstances. A loan offer, including the applicable interest rate, will be made after the initial information is provided by the applicant.
UCapital takes applicants through this pre-qualification process before checking the applicant's credit file so that there are no unnecessary credit checks which could negatively affect their credit rating.
There are no hidden fees attached to the loans. The full repayment amount is negotiated before the loan is approved.
Businesses are free to pay out the loan early without incurring fees or penalties.
When you're ready to apply for a UCapital unsecured business loan, simply click "Go to site" on this page to start the online application process.
First, consider UCapital's eligibility criteria:
Make sure you have the following documents to hand before you apply:
Once your application has been approved, UCapital will send you a loan offer which will disclose the interest rate and full repayment amount for the loan. If the offer is accepted, applicants will generally receive the funds that same business day.
UCapital's unsecured business loan can be an excellent option for businesses looking for low-doc or short-term funding to take advantage of a business opportunity. Before applying, compare business loans to make sure you choose the best product for your circumstances.
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