Boost Capital Review: Is Boost Capital A Good Lender?

Boost Capital is a leading provider of business financing solutions for growing businesses. Boost capital provides quick and flexible financing solutions for business in the UK across various industries.

Boost Capital financing solutions allows business owners to secure the unsecured financing that they need to invest in new equipment, inventory, marketing, remodeling, expansion and other business demands.

What type of funding does Boost Capital provide?

Unsecured Business Loan

Highlights

Loan Amount
£3,000 – £500,000

Terms
Up to 12 months

Fund received
Up to 5 days

What do I need in order to qualify for funding?

To qualify, the applicant must be a U.K.-based business that has been in operation for at least the past 9 months. The business must also have acceptable credit, a positive daily bank balance, and no excessive tax liens, open judgments, or bankruptcies.

How do I apply to get funding?

To apply for funding from Boost Capital, the applicant must provide information regarding the business, such as documents that show trading history, identity, premises situation, and signed application forms.

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What is the process to receive funding?

Once the application is submitted, it will be reviewed by the professionals at Boost Capital. Upon approval, funding will be available to the available in as few as five business days.

“Boost have been very flexible. They ask for the same sort of information as other companies but seem to be more flexible, quicker at responding and more friendly.
We got a follow up loan quite easily” Leon

Does Boost Capital run a credit check?

Before providing funding to an applicant business, Boost Capital will run a credit check to minimize risk in lending.

Do I have to provide security or a guarantee?

Business owners are not required to provide any collateral to secure a business loan through Boost Capital.

Are there fees involved?

There are no out-of-pocket costs or application fees involved in applying for funding through Boost Capital.

What are the loan rates?

Interest/loan rates associated with Boost Capital is always a fixed amount, and is determined on a case-by-case basis specifically based on the business’s unique cash flow model.

What documentation do I need to provide?

To begin, the applicant must provide documents that show identify, premises situation, trading history, and signed application forms. The applicant must also show that the business possesses a positive daily bank balance, acceptable credit, and that there are no tax liens, open judgments, or bankruptcies.

How long will it take for money to get into my account?

Upon submission of the application, an offer may be provided within 24-48 hours, and usable funds may be available in the applicant’s account in as few as 5 days.

What happens in the case of a default?

Boost Capital does not provide information regarding what happens if an applicant defaults on their loan.

Is Boost Capital regulated?

Boost Capital is managed by Business Financial Services in the United States, which is an accredited business by the Better Business Bureau.