Power up your Business with Super Simple Credit
Access up to £350,000 revolving credit and spread business payments over six months.
Power up your Business with Super Simple Credit
Access up to £350,000 revolving credit and spread business payments over six months.
Check Your Credit Limit Today
Award Winning Credit Limits up to £350,000
Monthly Platform Fee
£0
Interest Rate
0%
per 30 days on used creditRequired Annual Revenue
£0
Example Repayment Structure
Figures shown are for illustration purposes, based on utilising your full credit limit for an initial payment.
As you make repayments, credit becomes available again - that's the benefit of our revolving credit facility.
Actual repayments will be calculated per individual credit transaction
Spread Business Payments Over Six Months.
Buy now and pay later with decreasing interest fees.
Credit up to £350,000
Clear & Fixed Fees
15% of Turnover
Just like an overdraft but smarter.
- Takes less than a minute to complete
- Will not impact your credit rating
- Allows you to apply with confidence
Key Features
Repay over Six Months
Use credit to make payments and pay back over six months.
International Payments
Use credit to make international payments with highly competitive foreign exchange rates.
Unsecured Finance
multifi provides unsecured credit, meaning that accounts are setup without collateral risk.
Fuelling the Growth of UK Business
Compare Business Finance Solutions
Find the best financial solution for your business needs
| Feature | multifi | Capify | Fleximize | Funding Circle | HSBC | Iwoca | Lloyds Bank | Starling Bank | Santander |
|---|---|---|---|---|---|---|---|---|---|
| Credit Limits | Fast Access £5,000 to £350,000 | £5,000 to £1,000,000 | £5,000 to £500,000 | £10,000 to £750,000 | £1,000 to £25,000 (small business) £25,001 to £300,000 (commercial) Up to £25 Million (large business) |
£1,000 to £1,000,000 | £1,000 to £50,000 | £25,001 to £250,000 | Not specified |
| Loan Type | Most Flexible Revolving Repay and re-use your credit limit without needing to reapply, giving you ongoing access to funds | Term loan and merchant cash advance | Term loan | Term loan and line of credit | Term loan | Term loan and line of credit (up to 24 months) with top-up option | Term loan | Term loan | Term loan |
| Set Up Fees | Best Value Zero |
3% origination fee £449 - £849 administration fee |
No set-up fees | 1.5% to 6% |
No arrangement fee (small business) 1.5% of loan value (commercial) |
No set-up fees for 12 month loans, fee for loans over 12 months | Not specified | No fees | Not specified |
| Monthly Fee | 0.3%-0.5% of credit limit Transparent fixed monthly fee based on your credit limit, with no hidden charges | £2.50 per day | No monthly fees | No monthly processing fees | Not specified | Not specified | Not specified | Not specified | Not specified |
| Interest Rate | 2.49%-3.49% per 30 days on used funds Only pay interest on what you actually use, giving you complete flexibility and control over your costs | From 10.99% p.a. Total payback amount provided |
From 0.9% per month | 10.64% to 31.85% APR | 8.6% to 11.3% APR | 2% to 6% per month | Not specified | Fixed monthly repayments, interest rate not specified | 7.99% - 24.99% APR |
| Draw Fee (Line of Credit) | No Fees Not applicable | Not applicable | Not applicable | Average 1.6% | Not applicable | Not applicable | Not applicable | Not applicable | Not applicable |
| Security | Flexible Unsecured | Unsecured | Unsecured and secured options available |
Unsecured and secured options available. Acceptable collateral types include property, plant and machinery |
Security may be required, or government guarantee under the Enterprise Finance Guarantee scheme | Unsecured | Not specified | Not specified | Unsecured |
| Personal Guarantee | Required | Required | Required | Required | Not specified | Required | Not specified | Not specified | Not specified |
| Repayment Options | Equal repayments over six months with early payback option available Structured repayments help with budgeting while maintaining flexibility | Not specified | Not specified |
Option to defer first repayment for 3 or 6 months, or take a January repayment holiday Capital repayment holidays for up to 24 months for commercial business loans |
Not specified | Not specified | Repayment holidays available | Not specified | Not specified |
| Early Repayment Fee | No Fees No early repayment fees | Not specified | No early repayment fees | No prepayment penalties | One month and 28 days of interest | No early repayment fees | Up to 58 days' interest | Not specified | Not specified |
| Repayment Frequency | Monthly | Daily or weekly | Not specified | Not specified | Monthly | Weekly or monthly | Monthly | Monthly | Not specified |
This table provides a general overview and may not capture all the details of each provider. Information is subject to change and was accurate at the time of publication.
Are you a growing business with an annual turnover between £50,000 and £5,000,000?
Apply for flexible credit limits from £5k to £350k and access up to 15% of your last 12 months’ turnover.
Whether expanding your operations, managing cashflow, or seizing new opportunities, multifi provides the financial support you need to thrive.
Join the hundreds of businesses empowering their growth journey today.
Trusted partners
Like No Other Funding Provider
Unsecured Credit
Completely Unsecured Credit
No Hidden Fees
Fixed Rates Upfront
No Fees on Same Day Payments
Same Day Payments Without Faff
Quick and Easy Applications
Our user-friendly online platform simplifies the business finance application process.
Check Eligibility
Receive Credit Offer
Offer and Acceptance
Qualifying for multifi Credit
multifi’s unsecured credit does not require collateral.
Spend When You Need
Spread The Cost
Set and Forget
Credit Limit Breakdown
Up to £40,000
For businesses under two years with under £250k annual turnoverLimits from £5k
-
Monthly Platform Fee: 0.5% of credit limit
-
Company Trading Period: Over one year
-
Annual Turnover: Over £50k
-
Negative Net Tangible Assets Considered
-
CCJs: None outstanding
-
Personal Guarantee Required
Up to £350,000
For businesses over two years with over £250k annual turnoverLimits from £5k
-
Monthly Platform Fee: 0.3% of credit limit
-
Company Trading Period: Over two years
-
Annual Turnover: Over £250k
-
Positive Net Tangible Assets Required
-
CCJs: None outstanding
-
Personal Guarantee Required
Typical Credit Limits
Eligible businesses can access up to 15% of their last twelve months turnover.-
Annual Turnover: £50,000 = Credit Limit: £7,500
-
Annual Turnover: £200,000 = Credit Limit: £30,000
-
Annual Turnover: £500,000 = Credit Limit: £75,000
-
Annual Turnover: £1,000,000 = Credit Limit: £150,000
-
Annual Turnover: £1,500,000 = Credit Limit: £225,000
-
Annual Turnover: £2,000,000 = Credit Limit: £300,000
-
Annual Turnover: £2,500,000 = Credit Limit: £350,000
-
Annual Turnover: £3,000,000 = Credit Limit: £350,000
-
Annual Turnover: £5,000,000 = Credit Limit: £350,000
Key Features
We aim to complete applications within 72 hours of receiving company details.
multifi credit limits can be used alongside existing finance solutions.
multifi provides unsecured credit, meaning that accounts are setup without collateral risk.
Access up to £350,000 in revolving credit. This flexible credit line replenishes as you repay, allowing continuous access to funds without reapplying. Ideal for managing cashflow efficiently, ensuring you have financial support whenever needed.
Unlock up to £350,000 in pre-approved credit with multifi. No need to draw funds immediately—your credit waits on standby, ensuring you’re ready for any financial necessity without the hassle of reapplying. Effortless, efficient, and ready when you are.
Payments made to your payees are typically paid within the same working day
Our foreign exchange rates are incredibly competitive and flexible when making international payment.
Spread business payments over six months with decreasing interest fees. For every payment made from the Credit Account, six monthly, equal repayments are auto-calculated and taken from your multifi Current Account. Repayments are based on the current balance of outstanding Credit which means interest fees decrease each month.
With multifi, you benefit from a fixed monthly fee ranging from 0.3% to 0.5% on your credit limit, plus 2.49% to 3.49% interest on used funds every 30 days. Our transparent pricing means no surprises, making budgeting straightforward and predictable for your business.
Instantly access preapproved credit not related to your sales. We don’t ask for invoices and remove the admin of invoice finance.
Taking the Faff out of Finance
Learn how we’ve empowered businesses like yours.
