Lender review · Unsecured term loan
Swishfund
- Reviewed May 2026
- Editor Oliver Mackman
- Companies House 11180668
- Methodology Public
Peterborough-based UK SMB term lender, subsidiary of a Dutch parent group. £10k to £400k over up to 24 months for UK Ltd companies with one filed set of accounts and £50k+ turnover. Three-minute application, same-day decisions, funds inside 24 to 48 hours.
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
- Unsecured term loan
- Ticket size
- £10k to £400k
- Typical rate
- 1.1% to 3% per month
- Decision time
- Same day decision; funds 24 to 48 hours
- Soft search at quote
- Yes
- Limited companies only
- Yes
- FCA regulated
- No
- Companies House
- 11180668
- Founded
- 2018
Scores against our methodology
- Rate transparency3/5
- Eligibility clarity4/5
- Decision speed5/5
- Decline handling3/5
How Swishfund works
Swishfund operates as a unsecured term loan provider in the UK SMB market. Peterborough-based UK SMB term lender, subsidiary of a Dutch parent group. £10k to £400k over up to 24 months for UK Ltd companies with one filed set of accounts and £50k+ turnover. Three-minute application, same-day decisions, funds inside 24 to 48 hours.
The product mechanic is straightforward in shape but the underwriting is sector-specific. Tickets sit in the £10k to £400k band, decisions land within Same day decision; funds 24 to 48 hours, and the published rate range is 1.1% to 3% per month. Soft search at quote means no impact on your credit file at the eligibility stage. Like most UK lenders to limited companies, the standard SMB lending sits outside the FCA perimeter.
Where Swishfund fits best: newer ltd companies (one filed accounts year), £10k to £400k working capital, borrowers prioritising decision speed. Where it does not fit: sole traders, borrowing 25+ months, rate-sensitive long-tenor needs.
Pricing examples
Worked examples using Swishfund's published rate range (1.1% to 3% per month). 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 Swishfund quote.
Eligibility
- Trading time: typically 12 to 24 months minimum for the cleanest pricing. Weakness flagged: Borrowing 25+ months.
- 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: Rate-sensitive long-tenor needs.
- Credit profile: Clean credit preferred; older satisfied items often acceptable.
- Company structure: Limited companies only.
- Best fit: Newer Ltd companies (one filed accounts year); £10k to £400k working capital; Borrowers prioritising decision speed.
Pros
- + Low trading-history bar (one filed set of accounts).
- + £50k turnover floor is among the lower in the panel.
- + Three-minute application; same-day decisions.
- + No early repayment penalties.
Cons
- − Cap of 24 months term limits utility for capex finance.
- − Per-month rate quoting hides effective APR.
- − Ltd-only, sole traders not eligible.
- − Smaller UK brand awareness vs incumbents (Dutch parent).
Best for
- · Newer Ltd companies (one filed accounts year)
- · £10k to £400k working capital
- · Borrowers prioritising decision speed
Weak at
- · Sole traders
- · Borrowing 25+ months
- · Rate-sensitive long-tenor needs
When to use Swishfund
Use Swishfund when
Your application matches the best-fit profile: newer ltd companies (one filed accounts year), £10k to £400k working capital, borrowers prioritising decision speed. The published ticket range (£10k to £400k) covers your ask, the decision speed (Same day decision; funds 24 to 48 hours) fits your cash-gap timeline, and the rate range (1.1% to 3% per month) is acceptable to you given your credit profile. Soft search at quote means there is no downside to running an eligibility check before committing.
Do not use Swishfund when
Your profile sits in the weak-at list: sole traders, borrowing 25+ months, rate-sensitive long-tenor needs. Swishfund 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 Swishfund as a screen.
FAQs
What is the minimum trading time for Swishfund?
Swishfund is weaker on borrowing 25+ months. As a working figure, expect Swishfund to ask for at least 12 months of trading for most product lines, and 24 months for the cleanest pricing.
Does Swishfund require a personal guarantee?
Most UK SMB lenders require a personal guarantee from at least one director. Swishfund 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 unsecured term loan specifically, expect a PG to be requested.
How fast does Swishfund fund?
Swishfund quotes Same day decision; funds 24 to 48 hours 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 Swishfund?
Swishfund's published range is 1.1% to 3% per month. The headline number is rarely the offered number. Rate transparency on this lender scores 3/5 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 Swishfund declines me?
If Swishfund 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. Swishfund scores 3/5 on decline handling in our methodology.
Where to apply
Apply directly via swishfund.co.uk, or use our free quote form to be matched across the UK broker panel most likely to approve your specific profile, not just Swishfund.
Specialty alternatives
- · Sigma Lending, London-based unsecured business lender incorporated April 2023. Eligibility threshold sits at one and a half years tradi...
- · MaxCap, London-based unsecured lender trading since 2020 under Maximise Capital Ltd. Requires 12 months trading and £15k monthly...
Reviewed by Oliver Mackman, Director. Last reviewed: 8 May 2026. Lender website: swishfund.co.uk.