Written by the Lendus editorial team. Last updated .
The best Bizcap alternatives include iwoca for a £25,000 turnover threshold instead of £120,000, Fleximize for rates from 0.9% per month, Funding Circle for a 13.9% representative APR, Nucleus Commercial Finance for facilities up to £2 million, Capital on Tap for a revolving line rather than a lump sum, LendingCrowd for a fixed annual rate, and White Oak UK for a decision in around 4 hours.
Bizcap is one of the fastest unsecured lenders in the UK market. It decides within 24 hours, funds same-day in many cases, accepts adverse credit, and takes businesses that have been trading for as little as 4 months. That combination is genuinely hard to find.
The problem is who it will not take. Bizcap requires £120,000 of annual turnover, the highest floor of any fast unsecured lender covered here, and it will not lend below £10,000. So a business that clears the 4 month trading test can still be declined on size alone. Cost is the other reason people move: 1.5% to 5% per month, with a 43.2% representative APR, is priced for short-term working capital rather than a two-year growth loan. And a personal guarantee from directors is always required.
This guide covers seven lenders that beat Bizcap on one of those specific points: the turnover floor, the cost, the facility size, or the product shape.
iwoca asks for £25,000 of annual turnover against Bizcap’s £120,000, and 3 months of trading against Bizcap’s 4. It also lends from £1,000, where Bizcap will not go below £10,000. For a young or small business, that is the difference between an offer and a decline.
Rates and amounts: 2% to 6% per month on the outstanding balance; £1,000 to £500,000; 49.9% APR representative.
Eligibility: 3+ months trading; £25,000 annual turnover; some adverse credit considered.
Pros: Lowest trading history requirement here; £25,000 turnover floor; lends from £1,000; many decisions made within hours via Open Banking; revenue-based finance available alongside the loan.
Cons: The representative APR of 49.9% is higher than Bizcap’s 43.2%, so this is an eligibility win, not a pricing one; the monthly interest structure gets expensive beyond 12 months.
Best for: Smaller or newer businesses that Bizcap turned down on turnover rather than on credit.
iwoca is authorised and regulated by the Financial Conduct Authority, FRN 723636.
Fleximize starts at 0.9% per month against Bizcap’s 1.5%, and its ceiling of 3.9% sits below Bizcap’s 5%. Its representative APR of 27.6% is roughly 16 percentage points below Bizcap’s 43.2%, which is the largest pricing gap here among the monthly-rate lenders.
Rates and amounts: 0.9% to 3.9% per month; £5,000 to £500,000; 27.6% APR representative.
Eligibility: 6+ months trading; £60,000 annual turnover.
Pros: Cheapest monthly rate band in this guide; £60,000 turnover floor is half Bizcap’s; decisions within 24 hours; built for businesses with fluctuating cash flow that may need to adjust repayments or top up.
Cons: 6 months trading is stricter than Bizcap’s 4; £500,000 ceiling matches Bizcap rather than beating it; not for businesses trading under 6 months.
Best for: Businesses six months in or more that qualify for Bizcap but object to the price.
Lendus has not verified Fleximize’s regulatory status against a primary source, so no FCA claim is made for it here. Check the FCA Register at register.fca.org.uk before committing.
Funding Circle charges annual interest rather than a monthly rate, at 6.9% to 36% per annum with a 13.9% representative APR. Against Bizcap’s 43.2%, that is a different order of cost on any loan held for a year or more. It also asks only £50,000 of turnover.
Rates and amounts: 6.9% to 36% per annum, fixed for the loan term; £10,000 to £500,000; 13.9% APR representative.
Eligibility: 1+ year trading; £50,000 annual turnover.
Pros: Representative APR less than a third of Bizcap’s; fixed rate for the term so repayments are predictable; £50,000 turnover floor; decision within 24 hours.
Cons: Funds typically take 3 business days against Bizcap’s same-day capability; 1 year of trading rules out newer businesses; not suited to significant adverse credit or recent CCJs, which is exactly where Bizcap is strong.
Best for: Businesses over a year old with clean credit that were using Bizcap for speed and are now borrowing for longer.
Funding Circle Ltd is authorised and regulated by the Financial Conduct Authority, firm reference number 722513.
Nucleus prices in the same band as Bizcap, 1.5% to 5% per month, but its representative APR is 36% against Bizcap’s 43.2%, and it lends up to £2,000,000, four times Bizcap’s ceiling. It also takes £50,000 of turnover rather than £120,000.
Rates and amounts: 1.5% to 5% per month; £3,000 to £2,000,000; 36% APR representative.
Eligibility: 6+ months trading; £50,000 annual turnover.
Pros: Four times Bizcap’s maximum facility; lower representative APR in the same monthly band; £50,000 turnover floor; asset finance available from the same lender; decisions within 24 hours.
Cons: 6 months trading is stricter than Bizcap’s 4; the model is broker-led rather than self-serve, so it is not a fully digital application.
Best for: Businesses whose funding need has outgrown £500,000, or that want an unsecured loan and asset finance from one lender.
Nucleus Commercial Finance is authorised and regulated by the Financial Conduct Authority, FCA reference number 718310.
Bizcap lends a fixed sum you draw once. Capital on Tap gives you a revolving credit line and a business card you draw, repay and redraw. Its turnover requirement of £24,000 is the lowest here, a fifth of Bizcap’s £120,000, and decisions typically land within minutes.
Rates and amounts: 1.25% to 3% per month on the outstanding balance; £500 to £250,000; 49.8% APR representative.
Eligibility: 12+ months trading; £24,000 annual turnover.
Pros: Lowest turnover threshold in this guide; decisions typically within minutes with same-day access; you pay interest only on what is drawn; cashback rewards on card spending.
Cons: 12 months trading is three times Bizcap’s 4 month requirement; the £250,000 ceiling is half Bizcap’s; the 49.8% representative APR is above Bizcap’s 43.2%; a revolving card is the wrong shape for a single large investment.
Best for: Businesses over a year old with modest turnover that keep going back for working capital rather than needing one lump sum.
Capital on Tap is provided by New Wave Capital Limited, which is authorised and regulated by the Financial Conduct Authority for consumer credit, FRN 625592, and as an e-money institution, FRN 900922.
LendingCrowd quotes 6% to 18% per annum with a 10.5% representative APR, the lowest figure in this guide and roughly a quarter of Bizcap’s 43.2%. The price of that is time and track record: 24 months of trading and a decision in 5 to 7 working days.
Rates and amounts: 6% to 18% per annum; £25,000 to £500,000; 10.5% APR representative.
Eligibility: 24+ months trading; £100,000 annual turnover.
Pros: Lowest representative APR here; fixed annual rate rather than a compounding monthly charge; suits profitable businesses with two years of accounts.
Cons: 5 to 7 working days against Bizcap’s same-day funding; 24 months trading rules out most Bizcap customers; the £100,000 turnover floor is close to Bizcap’s £120,000, so it solves cost rather than eligibility; £25,000 minimum loan.
Best for: Profitable, established businesses that used Bizcap for a first facility and can now wait a week for a much cheaper one.
Edinburgh Alternative Finance Limited, trading as LendingCrowd, is authorised and regulated by the Financial Conduct Authority, firm reference number 670991.
White Oak UK states an average loan decision turnaround of around 4 hours, which is faster than Bizcap’s 24 hour decision window, and it does not publish a turnover threshold at all. Facilities start at £5,000, half Bizcap’s minimum, with an average loan size of around £60,000.
Rates and amounts: £5,000 to £500,000; priced per deal, with no public rate card.
Eligibility: Not publicly stated; assessed as part of underwriting.
Pros: Around 4 hours to a decision on average; £5,000 minimum; term loans, asset finance and invoice factoring from one institutionally backed lender; no published turnover barrier to fall foul of.
Cons: No published rates, so you cannot compare cost before applying; no published eligibility criteria either, so a decline is hard to predict; £500,000 ceiling matches Bizcap rather than beating it.
Best for: Businesses that need an answer today and were blocked by Bizcap’s £120,000 turnover requirement rather than by their trading record.
LDF Operations Limited, trading as White Oak UK, is authorised and regulated by the Financial Conduct Authority as a credit broker and lender under FCA firm reference number 630633. White Oak UK’s own site states that where White Oak UK itself acts as lender, that specific product is not FCA-regulated.
| Lender | Amount | Rate | Rep APR | Min trading | Min turnover | Speed |
|---|---|---|---|---|---|---|
| iwoca | £1,000 to £500,000 | 2% to 6% per month | 49.9% | 3 months | £25,000 | Within 24 hours |
| Fleximize | £5,000 to £500,000 | 0.9% to 3.9% per month | 27.6% | 6 months | £60,000 | Within 24 hours |
| Funding Circle | £10,000 to £500,000 | 6.9% to 36% per annum | 13.9% | 1 year | £50,000 | Decision 24 hours, funds 3 days |
| Nucleus Commercial Finance | £3,000 to £2,000,000 | 1.5% to 5% per month | 36% | 6 months | £50,000 | Within 24 hours |
| Capital on Tap | £500 to £250,000 | 1.25% to 3% per month | 49.8% | 12 months | £24,000 | Minutes, same day |
| LendingCrowd | £25,000 to £500,000 | 6% to 18% per annum | 10.5% | 24 months | £100,000 | 5 to 7 working days |
| White Oak UK | £5,000 to £500,000 | Priced per deal | Not published | Not published | Not published | Around 4 hours |
| Bizcap | £10,000 to £500,000 | 1.5% to 5% per month | 43.2% | 4 months | £120,000 | Within 24 hours |
Choose iwoca if Bizcap declined you on turnover or trading history, since £25,000 and 3 months are the easiest thresholds here.
Choose Fleximize if you qualify for Bizcap but want the same monthly product at 0.9% to 3.9% instead of 1.5% to 5%.
Choose Funding Circle if the loan will be outstanding for a year or more, where a 13.9% representative APR against 43.2% is the whole argument.
Choose Nucleus Commercial Finance if you need more than £500,000, or want the unsecured loan and the asset finance from one lender.
Choose Capital on Tap if you keep going back for working capital and would rather hold a line you draw and repay than take repeated lump sums.
Choose LendingCrowd if you have two years of accounts, can wait a week, and want the cheapest money in this guide.
Choose White Oak UK if the £120,000 turnover threshold was the blocker and you need a decision inside the working day.
A note on comparing these: a monthly rate and an APR are not the same measurement. Bizcap’s 1.5% per month is not 18% a year, because interest is charged on the outstanding balance and the representative APR of 43.2% reflects that. Ask every lender for the total repayable in pounds on the exact amount and term you want, and compare those figures rather than the headline rates.
Lendus is an introducer, not a lender or a credit broker. We do not approve, decline or price any loan. Confirm a lender’s regulatory status at register.fca.org.uk before you commit.
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