Lender review · Business loan + creditbuilder + overdraft
Cashplus Bank
- Reviewed May 2026
- Editor Oliver Mackman
- Companies House 04947027
- Methodology Public
PRA-authorised UK bank since 2021, operating under Zempler Bank Limited (rebranded from Advanced Payment Solutions in June 2024) but still trading consumer-facing as Cashplus. Sits in the small-ticket business credit space: creditbuilder loans, overdrafts, and small business loans for UK SMEs and sole traders. Useful for thin-file directors and newer businesses where mainstream term loans decline. Cashplus accepts sole traders broadly, so sole-trader applicants should apply direct to Cashplus rather than via this site.
Director, BestBusinessLoans
Oliver leads BestBusinessLoans's editorial reviews and methodology. With a background in UK commercial finance, he oversees lender research, rate verification and review independence.
Last reviewed: 8 May 2026
At a glance
- Product
- Business loan + creditbuilder + overdraft
- Ticket size
- £2k to £25k
- Typical rate
- Quoted at offer
- Decision time
- 1 to 3 business days
- Soft search at quote
- No
- Limited companies only
- No
- FCA regulated
- Yes (check the FCA Register)
- Companies House
- 04947027
- Founded
- 2003
Scores against our methodology
- Rate transparency4/5
- Eligibility clarity4/5
- Decision speed4/5
- Decline handling4/5
How Cashplus Bank works
Cashplus Bank operates as a business loan + creditbuilder + overdraft provider in the UK SMB market. PRA-authorised UK bank since 2021, operating under Zempler Bank Limited (rebranded from Advanced Payment Solutions in June 2024) but still trading consumer-facing as Cashplus. Sits in the small-ticket business credit space: creditbuilder loans, overdrafts, and small business loans for UK SMEs and sole traders. Useful for thin-file directors and newer businesses where mainstream term loans decline. Cashplus accepts sole traders broadly, so sole-trader applicants should apply direct to Cashplus rather than via this site.
The product mechanic is straightforward in shape but the underwriting is sector-specific. Tickets sit in the £2k to £25k band, decisions land within 1 to 3 business days, and the published rate range is Quoted at offer. A hard search may apply at quote stage; ask before you submit if credit-file footprint matters to you. Cashplus Bank is FCA regulated.
Where Cashplus Bank fits best: sole traders (apply direct, not via bbl), sub-£25k tickets, thin-file or newer directors. Where it does not fit: tickets above £25k, rate-shoppers, established ltd companies wanting market pricing.
Pricing examples
Worked examples using Cashplus Bank's published rate range (Quoted at offer). This lender prices by factor rate or bespoke quote, so we show the structure, not a worked APR.
| Ticket | Term | Estimated total cost | Approx monthly |
|---|---|---|---|
| £25,000 | 24 months | See lender quote | See lender quote |
| £50,000 | 36 months | See lender quote | See lender quote |
| £100,000 | 48 months | See lender quote | See lender quote |
Indicative only. Confirm on a Cashplus Bank quote.
Eligibility
- Trading time: typically 12 to 24 months minimum for the cleanest pricing.
- Turnover floor: not always published. As a working figure, expect a £100k+ turnover requirement for term loans of £50k+. Smaller tickets and MCA structures have lower floors.
- Sector exclusions: Tickets above £25k; Rate-shoppers; Established Ltd companies wanting market pricing.
- Credit profile: Clean credit preferred; older satisfied items often acceptable.
- Company structure: Limited companies and (in some cases) sole traders / partnerships.
- Best fit: Sole traders (apply direct, not via BBL); Sub-£25k tickets; Thin-file or newer directors.
Pros
- + Accepts sole traders and very small Ltd companies that mainstream lenders decline.
- + Creditbuilder loans help thin-file directors build a credit record.
- + PRA-authorised bank; FSCS-protected business deposits alongside.
- + Decisions in 1 to 3 days.
Cons
- − Maximum ticket caps at around £25k; no use for larger needs.
- − Hard credit search at application.
- − Rate not published until offer stage.
Best for
- · Sole traders (apply direct, not via BBL)
- · Sub-£25k tickets
- · Thin-file or newer directors
Weak at
- · Tickets above £25k
- · Rate-shoppers
- · Established Ltd companies wanting market pricing
When to use Cashplus Bank
Use Cashplus Bank when
Your application matches the best-fit profile: sole traders (apply direct, not via bbl), sub-£25k tickets, thin-file or newer directors. The published ticket range (£2k to £25k) covers your ask, the decision speed (1 to 3 business days) fits your cash-gap timeline, and the rate range (Quoted at offer) is acceptable to you given your credit profile.
Do not use Cashplus Bank when
Your profile sits in the weak-at list: tickets above £25k, rate-shoppers, established ltd companies wanting market pricing. Cashplus Bank will likely decline, and the decline itself can sit on broker records for 90 days. If you have any of these flags, route directly to a specialist (post-decline lender, MCA against card flow, asset-backed alternative) rather than using Cashplus Bank as a screen.
FAQs
What is the minimum trading time for Cashplus Bank?
Cashplus Bank typically asks for 12 to 24 months of trading. Newer businesses can sometimes qualify against alternative underwriting (card flow for MCA, asset security for asset finance), but the cleanest pricing tends to require two full sets of accounts.
Does Cashplus Bank require a personal guarantee?
Most UK SMB lenders require a personal guarantee from at least one director. Cashplus Bank is no exception in the standard case. The few exceptions: asset-backed lending where the asset itself stands as security, and a small number of MCA structures where card flow is the underwriting basis. For business loan + creditbuilder + overdraft specifically, expect a PG to be requested.
How fast does Cashplus Bank fund?
Cashplus Bank quotes 1 to 3 business days for an underwriting decision. Funding to bank account typically follows within one to three working days of acceptance, subject to KYC, signed documents, and (where applicable) registration of any debenture or charge.
What rate should I expect from Cashplus Bank?
Cashplus Bank's published range is Quoted at offer. The headline number is rarely the offered number. Rate transparency on this lender scores 4/5 in our methodology. Expect the cleaner end of the band only if you have 2+ years of trading, clean credit, and turnover comfortably above the lender's stated floor.
What happens if Cashplus Bank declines me?
If Cashplus Bank declines, you have three realistic next steps. First, ask for the decline reason in writing, most reputable UK lenders will tell you. Second, route the application to a specialist post-decline lender (Bizcap, JPM Capital, Bolton Finance) where credit issues are the constraint, or to an asset-backed alternative where security is available. Third, use a broker panel to fan the application across the lenders most likely to accept your specific decline reason. Cashplus Bank scores 4/5 on decline handling in our methodology.
Where to apply
Apply directly via www.cashplus.com/business, or use our free quote form to be matched across the UK broker panel most likely to approve your specific profile, not just Cashplus Bank.
Specialty alternatives
See all lender reviews for alternatives.
Reviewed by Oliver Mackman, Director. Last reviewed: 8 May 2026. Lender website: www.cashplus.com/business.