Lendus.

Capital on Tap Review

Capital on Tap is a UK fintech lender offering a combined business credit card and flexible revolving credit facility designed for small businesses. Founded in 2012, it provides instant spending power via a Visa credit card alongside working capital loans up to £250,000, making it one of the most popular all-in-one business finance products in the UK. The platform is known for its cashback rewards, free employee cards, and same-day decisions.

Written by the Lendus editorial team. Last updated: April 2026.

200+ UK lenders
2-minute application
No credit check to apply
FCA-regulated brokers

Amount

£500 – £250k

Rates

1.25% – 3%

per month on outstanding balance; representative rate varies by creditworthiness

Speed

Same day — decisions typically within minutes

Trustpilot

4.7/5

8,200 reviews

What is Capital on Tap?

Capital on Tap (Capital on Tap (Tap Commerce Ltd)) is a UK-based business finance provider founded in 2012 and headquartered in London. Capital on Tap is a UK fintech lender offering a combined business credit card and flexible revolving credit facility designed for small businesses. Founded in 2012, it provides instant spending power via a Visa credit card alongside working capital loans up to £250,000, making it one of the most popular all-in-one business finance products in the UK. The platform is known for its cashback rewards, free employee cards, and same-day decisions. They have lent £3.5 billion to date, helping 200,000+ UK businesses.

Founded 2012 London Authorised and regulated by the Financial Conduct Authority (FRN: 671140)

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Products offered

Business Credit Card Business Loans

Rates and costs

Rate range
1.25% – 3% (per month on outstanding balance; representative rate varies by creditworthiness)
Representative APR
49.8% APR representative
Amount range
£500 – £250,000
Approval speed
Same day — decisions typically within minutes

Representative example

Borrow £10,000 over 12 months. Total repayable: £14,980. Cost of credit: £4,980. Your rate depends on your circumstances.

Eligibility requirements

Minimum trading history
12+ months
Minimum turnover
£24,000
Credit requirements
Requires a personal credit check on the business owner (director). Applicants with adverse credit history or CCJs may be declined. Capital on Tap looks at both the business trading history and personal credit file. A minimum personal credit score of around 550 (Experian) is generally required, though this is not a hard cutoff.

How to apply

1

Check eligibility through Lendus — answer a few questions about your business and funding needs (2 minutes)

2

We compare Capital on Tap against 200+ other lenders to find the best match for your situation

3

Review your matched options — see rates, terms, and eligibility from multiple providers including Capital on Tap

4

Choose the best offer and complete the application with your matched lender directly

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Pros and cons

Pros

  • 1% cashback on all card spending (Pro plan), effectively reducing your borrowing cost
  • Same-day credit decisions with a fully digital application — no paperwork or branch visits
  • Free additional employee cards with individual spending limits and controls
  • Flexible repayment — pay the minimum, a fixed amount, or the full balance each month
  • No fee for early repayment of the outstanding balance

Cons

  • Representative APR of 49.8% is high compared to traditional business loans — only suitable for short-term or revolving use
  • Monthly fee of £99 for the Pro plan (with cashback); free plan has no cashback
  • Personal credit check required — a hard search impacts your personal credit score
  • Maximum credit limit of £250,000 may not suit larger businesses seeking substantial capital
  • Not suitable for start-ups under 12 months old

Is Capital on Tap right for you?

Best for

Established small businesses with at least 12 months trading that want a single product combining day-to-day card spending with access to a working capital buffer. Particularly well suited to businesses with frequent supplier payments, travel expenses, or irregular cash flow who can benefit from the cashback rewards.

Not ideal for

Start-ups under 12 months old, businesses needing a large lump-sum loan above £250,000, or those with significant adverse credit history. Businesses seeking low fixed-rate term loans would find cheaper alternatives elsewhere.

Capital on Tap alternatives

If Capital on Tap isn't the right fit, consider these alternatives:

iwoca Funding Circle Tide

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Frequently asked questions about Capital on Tap

Is Capital on Tap legit?
Yes, Capital on Tap is a fully legitimate UK lender. It is authorised and regulated by the Financial Conduct Authority (FRN: 671140) and is registered in England and Wales (Companies House number: 07936725). Founded in 2012, Capital on Tap has lent over £3.5 billion to more than 200,000 small businesses across the UK and USA and holds a Trustpilot score of 4.7 from over 8,000 reviews.
What are Capital on Tap interest rates?
Capital on Tap charges interest on the outstanding balance on your account, with a representative APR of 49.8%. The monthly rate typically ranges from 1.25% to 3% depending on your business and personal credit profile. While this is higher than a traditional bank loan, the product is designed for revolving use — if you pay your balance in full each month, you avoid interest entirely and can still earn 1% cashback on the free plan.
Can I get Capital on Tap with bad credit?
Capital on Tap performs a personal credit check on the business owner and a check on the business itself. Applicants with serious adverse credit history — such as recent defaults, CCJs, or IVAs — are likely to be declined. However, the lender takes a rounded view of your application, so minor historic credit issues combined with a strong trading record may still result in approval. If you have significant bad credit, consider alternatives like iwoca or Liberis that take a more flexible approach.
How much can I borrow from Capital on Tap?
Capital on Tap offers a combined business credit card and revolving credit facility with limits ranging from £500 up to £250,000. Your specific credit limit is determined by your business revenue, trading history, and creditworthiness. Most small businesses are approved for limits between £5,000 and £50,000, with higher limits available to well-established businesses with strong financials.
Is Capital on Tap FCA regulated?
Yes. Capital on Tap (operated by Tap Commerce Ltd) is authorised and regulated by the Financial Conduct Authority under FRN 671140. This means it must adhere to FCA rules on responsible lending, fair treatment of customers, and transparent pricing. The company is also registered with the Information Commissioner's Office for data protection purposes.
How long does Capital on Tap take to approve?
Capital on Tap is known for very fast decisions — most applicants receive a credit limit decision within minutes of completing the online application during business hours. Once approved, you can access a virtual card immediately, with a physical Visa card arriving within 3–5 working days. The entire process, from application to first spending, can be completed within the same day.
Can I repay Capital on Tap early?
Yes, there are no early repayment charges on Capital on Tap. As a revolving credit facility, you can repay any amount at any time — including paying the full outstanding balance — without penalty. Paying your balance in full each month also means you avoid interest charges entirely, making it a cost-effective tool if used like a charge card rather than a long-term loan.
Capital on Tap vs iwoca — which is better?
Capital on Tap and iwoca serve overlapping but distinct needs. Capital on Tap is best for businesses wanting a credit card alongside working capital — the cashback rewards add value for high spenders. iwoca suits businesses that need a straightforward flexible loan with draw-down capability and potentially lower rates for well-qualified borrowers. Both offer fast decisions, but iwoca's Flexi-Loan allows you to draw down and repay multiple times, whereas Capital on Tap is structured as a revolving credit card account. For pure borrowing at competitive rates, iwoca often wins; for card spending with perks, Capital on Tap leads.

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