Capital One business line of credit: options and alternatives

Capital One is a well-known financial provider offering small business loans and lines of credit in the US​. However its UK operations focus primarily on credit cards, meaning that it’s not currently possible to get a Capital One business line of credit. 

Does Capital One offer business lines of credit in the UK?

Capital One in the UK offers a range of consumer credit cards, including Classic Credit Card and a Balance Transfer Credit Card​, but they do not offer business finance products, so it’s not possible to get a Capital One business line of credit. 

Alternative Options for UK Small Businesses

While Capital One doesn’t offer business lines of credit in the UK, there are a range of alternatives designed specifically for small businesses needing fast and flexible funding.

1.iwoca Flexi-Loan

At iwoca we provide flexible small business loans that offer a financial safety net for small businesses:

• Access £1,000 to £1,000,000 to manage cash flow or fund growth.
• Pay interest only on what you use – no hidden fees.
• Fast approval: Get decisions in hours, not weeks.
• Simple application process: Apply online with minimal paperwork.

Whether you’re a startup, a growing business, or managing cash flow gaps, iwoca’s Flexi-Loan provides the capital you need while keeping you in control.

2. Working capital loans

If you need immediate cash to fund short-term expenses, a working capital loan can be a great solution. Unlike a revolving line of credit, working capital loans provide a fixed sum that’s repaid in instalments.

Key benefits:

• Quick access to funds.
• Predictable repayments.
• Ideal for covering operational costs like rent, inventory, and salaries.

3. Invoice finance 

Invoice finance is a handy option for businesses waiting on unpaid invoices. Instead of waiting 30, 60, or even 90 days for customers to pay, invoice financing allows you to release cash tied up in your invoices, providing a steady cash flow for your operations.

• You sell your unpaid invoices to a lender at a percentage of their value.
• The lender provides funds upfront, helping you cover immediate expenses or invest in growth.
• Once your customer pays the invoice, the lender deducts their fee, and you receive the remaining balance.

Key benefits:

• Quick access to funds based on your outstanding invoices.
• Speedy financing – ideal for businesses with fluctuating cash flow.
• No need for additional debt – you’re leveraging income already earned.

How to get a business line of credit in the UK

If you’re looking for a working capital line of credit, there are a range of providers who specialise in offering finance for businesses. You can find a list of the best business line of credit providers here.

Application is straightforward and easy with most lenders:

• Apply Online: Complete a quick application form, providing basic financial details to help lenders assess your eligibility.
• Get Approved: Many lenders offer fast decisions, often within hours instead of weeks.
• Access Flexible Funds: Once approved, draw the funds you need, repay at your own pace, and reuse the credit line when required.

A business line of credit can provide the flexibility to manage cash flow challenges, seize new opportunities, or cover unexpected expenses. Make sure to evaluate the terms and conditions to ensure the product aligns with your business needs.

Funding your Business with an iwoca Flexi-Loan

If you’re looking for fast, transparent finance, an iwoca Flexi-Loan combines the flexibility of revolving credit with the simplicity of a traditional loan, keeping you in control of your borrowing.

With a Flexi-Loan, you can:

• Draw down what you need – get approved for up to £1,000,000 – and only pay interest for what you use.
• Repay on your schedule – make early repayments without penalties or stick to manageable instalments.
• Enjoy fast access to funds – decisions are quick, so you can seize opportunities or manage challenges without delay.

Flexi-loans are particularly ideal if you prefer a clear borrowing structure while maintaining the option to adjust repayments as your business evolves. Whether you’re managing cash flow gaps, investing in growth, or covering unexpected expenses, iwoca offers the flexibility and support you need to keep your business moving forward.

FAQs about Business Lines of Credit

What can I use a business line of credit for?

You can use it for anything from managing cash flow gaps to funding growth, paying suppliers, or covering short-term operational expenses.

How does a business line of credit compare to a credit card?

While business credit cards are great for smaller, day-to-day expenses, a line of credit offers higher limits and greater flexibility, making it ideal for business cash flow management.

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