The result ranks kinds of funding by how closely they match what you entered. No lender has seen it, nothing has touched a credit file, and it is not an offer. A funding search on Swoop asks for the business’s figures and checks them against lenders, equity funds and grant bodies.
Limited companies and limited liability partnerships of any size, and sole traders and partnerships borrowing more than £25,000. Borrowing of £25,000 or less by a sole trader or a partnership is regulated credit, and the government’s Start Up Loans scheme lends at that size.
Swoop does not run a credit check on you or the business unless an application goes to a funding provider with your permission. The provider runs its own checks when it considers the application.
No. Swoop Finance Limited is a credit broker. It introduces the business to lenders, investors and grant bodies, and the provider decides and sets the terms.
Swoop receives commission from the finance provider when funding is arranged, either a fixed fee or a percentage of the amount the business receives. Buzz Accounting Ltd, which introduces businesses to Swoop, may receive a fee from Swoop.
Finance is subject to status and to the lender’s terms. A personal guarantee makes you liable for the company’s debt if it does not repay, and it can be enforced against your own assets, including your home. Nothing here is a personal recommendation.
Funding searches run on Swoop’s platform. Swoop Finance Limited is a credit broker and not a lender, and is authorised and regulated by the Financial Conduct Authority (FRN 936513). Buzz Accounting Ltd introduces businesses to Swoop and may receive a fee from Swoop when funding is arranged. Business funding is separate from the financial advice Equity & General Financial Services Limited gives through this website. Finance is subject to status, and a lender may ask a director for a personal guarantee.
If a lender asks you to guarantee the company’s borrowing, our advisers can advise on life cover for that debt.