Swishfund business funding review
Swishfund offers business loans to UK limited companies. This guide explains its published eligibility criteria, application evidence, arrangement fee, interest and repayment requirements, so business owners can compare the terms before borrowing.
By Funding Fred · Sources checked 18 September 2026
Our enquiry compares selected Funding Fred partners. It is not an application directly to Swishfund. Funding Fred is an introducer, not a lender.
Potential fit
Who could consider Swishfund?
- Established UK limited companies that hold a business bank account and can show a trading history, rather than newly formed or pre-revenue businesses.
- Businesses with filed annual accounts and a documented turnover history, since this evidence forms part of the published eligibility criteria.
- Businesses seeking shorter-term funding rather than a facility stretching several years, given the published maximum term structure.
Worth weighing up
When to consider other options
- Businesses that need repayment terms longer than the published maximum should check whether a different structure suits their cash flow better.
- Businesses that cannot yet provide filed accounts or a full year of banking transactions may not meet the stated evidence requirements.
- Businesses that want to avoid any possibility of a debenture or property charge being requested should clarify security terms before applying, since these may be required depending on assessment.
Understand the offer
Costs and repayments
Swishfund's pricing is built around an arrangement fee combined with monthly interest, with the exact cost set through an individual risk assessment rather than a single advertised rate. This means the total cost of borrowing will vary between businesses depending on trading history, sector and the lender's own underwriting. Applicants should request the full written cost breakdown before agreeing to any offer.
Repayments are collected by direct debit on either a weekly or monthly basis, depending on the agreement reached. This is a fixed repayment obligation rather than a facility that adjusts automatically with sales volume, so it should be budgeted for as a regular outgoing over the loan term.
Early settlement carries no separate settlement fee, but interest continues to accrue until the end of the month in which the loan is settled. Businesses planning to repay early should factor this timing detail into their calculations rather than assuming an instant interest cut-off.
Eligibility and application
Published eligibility criteria require the applicant to be a UK limited company with an active business bank account, a turnover of at least a stated threshold over the past year, and a set of filed annual accounts. These are the baseline conditions referenced in Swishfund's own materials, rather than assumptions.
Evidence typically requested during an application includes the filed accounts and roughly twelve months of business banking transactions, used to assess trading performance. Because underwriting criteria and documentation requirements can be updated, businesses should confirm the current eligibility rules and evidence list directly with Swishfund or through its FAQs page before applying.
Advantages to weigh up
- The published loan range covers a broad span, from smaller working capital needs through to larger sums, subject to assessment.
- No separate settlement fee applies if the loan is repaid early, though interest still runs to the end of that settlement month.
- Repayments can be arranged on either a weekly or monthly schedule, giving some choice in how the obligation fits around existing cash flow patterns.
Limitations to understand
- The maximum term is capped at a relatively short period, which can mean higher periodic repayment amounts compared with longer-term facilities.
- A debenture or a charge over property may be required as security, depending on the individual assessment, so this is not guaranteed to be an unsecured product in every case.
- Eligibility depends on an established trading history, a minimum turnover level and filed accounts, which may rule out very early-stage or newly incorporated businesses.
Look at the wider picture
Comparing the alternatives
Before committing to any funding offer, it's worth reviewing the business loans options available across the wider UK market, since terms, evidence requirements and cost structures differ significantly between providers. A short-term loan with fixed weekly repayments is a different commitment from a facility repaid against sales, or from asset finance secured against equipment, so it pays to understand exactly which structure is on the table.
Reading up on how to compare business loans UK wide, and understanding when a secured business loan might apply instead of an unsecured one, helps businesses ask sharper questions before signing anything. The business loans blog covers further detail on how different UK lenders structure fees, terms and security requirements.
Fleximize
Flexiloan and Flexiloan Lite
Flexiloan: 12–60 months; 12 months trading required.
Read reviewProduct features checked against each provider’s UK website. These are comparison pointers, not a price ranking or a promise of eligibility.
Your Swishfund questions, answered
Costs, eligibility and the details to check before applying.
How we put this guide together
This is a review of published UK product information, not a customer experience or a hands-on test. We have not assigned a star rating. This guide focuses on Swishfund — business loans. Other products may have different terms.
Sources checked 18 September 2026. Your written offer determines your actual costs and conditions.
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