Boost Capital Review: Small Business Loans

Boost Capital is a firm that helps small businesses to access business loans in the UK, US and Canada since 2002. There is minimal paperwork when applying for the loan and you can get approved for the loan within 24 hours. Moreover, your can get bad credit business loans in the UK with the company. Your business can access Boost Capital financing if it has been in existence for the last 2 years.

Boost Capital Business Loans Requirements

When applying for a Boost Capital business loan, you need to provide proof of your identity and business banks statements for the last three months. To qualify for Boost Capital loans, you need to meet the following requirements:

• Your business must have been in operation for the last 2 years
• Your business annual turnover must be at least £70,000
• Your business must not have been bankrupt

Once your business qualifies for the loan, the way you use the funds is entirely up to you.

How Boost Capital Works

Boost Capital provides alternative business funding without stringent regulations. It is unlike banks that require a lot of paperwork. The loan application process is quick, simple and transparent, making it suitable for busy business partners. You can use the Boost Capital loan to grow your business.

To access Boost Capital loan, you need to make a simple application. You can apply for the loan using a mobile phone or online. It takes just a few minutes.

Once you have applied for the loan, you will be given a relationship manager who will get in touch with a decision within 24 hours after application. If your application is approved, funds will be deposited to your account within two business days. Loans are unsecured and as such, you don’t need to provide any asset as collateral to access the loan.

How to Apply for Boost Capital Business Loan

The application process for the Boost Capital loan is straightforward. The application is done online and you can do it using a mobile phone.

• Apply for Boost Capital online. To access Capital Boost, you need to apply for the loan online. You can do it using your mobile phone. You then need to upload proof of identity and business bank statements for the last 3 months.
• Approval. Once you have applied for a Boost Capital loan, a relationship manager will contact you within 34 hours with the decision.
• Receive funds. Once your Boost Capital loan application has been approved, you will receive funds into your account within 2 business days.

Boost Capital Interest Rates

Boost Capital interest rates vary depending on your loan amount, your business performance, loan duration. However, the amount you pay is fixed. However, daily or weekly repayment amounts are not rigid. These payments entirely depend on your business’s cash flow model which may vary from one business to the other.

Features of Boost Capital Loan

Boost Capital has the following features:

• Merchant cash advance. You can borrow capital for your business with flexible repayments and repay the loan when you get paid.
• Loan duration. Boost Capital loans have a duration of 4 to 18 months
• Amount. You can access Boost Capital loans ranging between £3,000 and £500,000
• Unsecured loans. Boost Capital provides unsecured loans but it is primarily based on the success of your business.
• Quick application. You can apply for the loan online or using your mobile phone. You can then upload proof of identity and business bank statements.
• Quick decision. You will get feedback if your loan application was successful with 24 hours. If the loan application is approved, funds will be deposited into your account within 2 business days.

Types of Boost Capital Business Loan

Boost Capital advances two types of business loans to businesses. They include:

• Unsecured business loans. You can access a small business loan without having to attach an asset as collateral. You can get approval for an unsecured loan within 24 hours and have funds deposited into your account within 2 business days.
• Short-term business loans. You can access small business loans without a lot of paperwork and stringent restrictions as traditional bank loans. You can apply for the loan online and you only need to provide proof of identity and business bank statements for the last 3 months.

Is Boost Capital Safe?

Boost Capital is a safe and reliable brokerage firm. Boost Capital only partners with business lenders it trusts. Boost Capital through their website has shown that they are transparent and their interest rates are slightly higher than those of traditional banks.

Boost Capital Supported Countries

You can apply for a Boost Capital business loan if you are in the UK, the US and Canada. Boost Capital has been supporting businesses in these countries to grow and expand.

Boost Capital Customer Support

If you have any questions, Boost Capital has a frequently asked questions page where you can check some of the questions and answers. Boost Capital also provides email customer support through customerservice@boostcapital.co.uk. You can also fill in an online form on their website and provide your contact details and Boost Capital will contact you.

Alternatives to Boost Capital

If you want to access business loans, you can also use business loan brokers like:

• Iwoca
• Fleximize
• Funding Circle
• Market Finance

Conclusion on Capital Boost Review

Boost Capital is an alternative to business funding. You can easily qualify for a business loan if your business has been in operation for the last two years and has minimum annual revenue of at least £70,000. You can get business funding for your business ranging between £3,000 and £500,000.