Does Capitalontap require a personal guarantee?

[ClaireLangford]

Capitalontap sounds great, just what I'm looking for. I'm looking for short term funding to buy supplies in for the business.

 

[lesliedocherty]

Yes they do, same with iwoca and all ofthemm, only one that doesn't is, papypal credit who dont

 

[Ian J]

You asked the same question on 17th January and quite a few responded by suggesting that you ask them. I doubt whether anything has changed in the six months

 

[Karimbo]

hows the cashback.
I am not looking for credit per se. I do burn through a lot of google ads eaxh month £1800 to £2000. Thinking of getting the cashback credit card to get some kickback,

I know for b2b transactions the rate is higher. Does Google charge more if you pay using a business credit card?

 

[Click2Post.co.uk]

Yes, they do.

 

[ChrisCallaghan]

I should preface that as an insolvency advisor, I'm usually speaking to business owners who may are facing difficulties, and may have been struggling at the time they applied for a Capital On Tap facility... so my experience may be unfairly balanced!

All the above being said, I have yet to come across a Capital On Tap facility that did not include a personal guarantee. There are very few lenders out there who will offer any sort of facility these days without wanting some form of security, whether that be against the company (if it has sufficient tangible assets, or a regular debtor book for invoice finance facilities) or a personal guarantee.... sometimes both!