Swishfund: products, terms and eligibility

Swishfund is a UK provider of unsecured business loans. The legal entity named on its site is Swishfund Ltd, company number 11180668. It is based in Peterborough. It gives its founding year as 2018. It is part of Swishfund B.V. (Netherlands).

Swishfund was established in 2016 by Pieter Schoen and two partners in the Netherlands, which it describes as the first alternative financier there created by entrepreneurs themselves. UK operations began in 2018, covering England, Wales and Scotland. Swishfund Ltd (company number 11180668) is the UK subsidiary of Dutch parent Swishfund B.V., which it says is regulated in the Netherlands. Its UK registered office is in Peterborough.

In its own words on scale:

• Says it has financed more than £350 million to over 7,000 businesses through more than 13,000 loans (figures on its site in October 2026).

Everything on this page comes from what Swishfund publishes itself. We show the date we last checked it, and we do not rate or rank lenders.

Swishfund publishes one product for UK businesses. The table above gives the amounts and terms as it states them.

• Business loan: Equal repayments across the term (straight-line, not amortising); no early settlement fee, interest payable to the end of the month of settlement.

Business loan

Loans of £10,000 to £400,000 over up to 24 months, repaid by weekly or monthly direct debit, for incorporated UK businesses. Interest is charged on a straight-line basis, so repayments are equal across the term. Swishfund says early repayment is allowed with no early settlement fee, interest accrues to the end of the month of settlement, and bulk payments can be used for early settlement or payment breaks. It may take a debenture and a guarantor, usually a director and shareholder.

Swishfund says its finance is used for:

• Working capital
• Expansion
• Asset purchases
• Inventory and equipment
• Staff expenses
• Business acquisitions

What it says it does not fund:

• Sole traders and unincorporated businesses
• Loans not used for legitimate business purposes

Swishfund publishes these criteria. Meeting them does not mean an application will be accepted: every lender makes its own decision.

• Limited company registered at Companies House in the UK.
• Business bank account.
• Turnover of at least £50,000 in the past year.
• At least one set of annual accounts filed at Companies House.
• Most recent filed accounts, a recent business bank statement and twelve months of bank transactions via secure bank connection.

Swishfund describes its process like this:

1. Submit the loan amount and purpose online.
2. Provide recent filed accounts and a recent business bank statement.
3. Connect 12 months of bank transactions securely through Open Banking.
4. Swishfund assesses the application and makes an offer.

Information it says it asks for:

• Latest filed annual accounts including P&L and notes
• Recent business bank statement (PDF)
• Names, addresses and dates of birth of directors and shareholders
• 12 months of bank transactions via Open Banking or CSV

Every application is subject to status and the lender’s own criteria at the time.

An unsecured business loan is a fixed sum repaid in instalments over an agreed term, without a charge over a specific asset. Most lenders still ask the directors for a personal guarantee, which makes them personally liable if the company cannot repay.

Lenders price each loan on the business’s trading history, turnover and credit profile, so the offer you receive can differ from the published range. Compare the total cost in pounds and the repayment pattern, not only the headline rate: our guide on how to compare business loan lenders shows how.

Points Swishfund publishes that are worth knowing:

• May take a debenture (a charge over all fixed and floating assets) on the business; larger loans may need further security.
• Asks for a guarantor, usually a director and shareholder, who is liable if the company fails to pay.
• Costs are an arrangement fee added to the loan plus a monthly interest rate set by a risk-based model.
• Loans can only be used for legitimate business purposes.
• The Swishfund Group says it has operated in England, Wales and Scotland since 2018.

Security and guarantees

Swishfund may take a debenture, a charge over all fixed and floating assets registered at Companies House. Larger loans may require a legal or equitable charge over business or personal property. A guarantor is usually a director and shareholder, who is liable if the company does not pay.

Swishfund’s site states: “Reg office C/O Azets, West Point, Lynch Wood, Peterborough, England, PE2 6FZ. © 2025 Swishfund Ltd co. no. 11180668”

Protections differ by borrower type and loan size. Most lending to limited companies is not regulated consumer credit, so read the agreement and ask the lender what applies to you.

Other providers of unsecured business loans with profiles here include iwoca, Nucleus Commercial Finance and Bizcap. Each profile uses that lender’s own published terms.

The full list, grouped by product type, is in our directory of UK business lenders.

Capzy is a credit broker, not a lender, and gets paid by the lender. One application lets your business compare options across lenders, so you can weigh this kind of facility against the alternatives. You can check your funding options with a soft search that does not affect your credit score. A full application to a lender may involve a hard search, and any offer is subject to status and lender criteria.