Max Cap Review

If you need rapid access to cash, Max Cap offers business loans of up to £100,000 with funds available in as little as 24 hours. Is this lender right for you? 

Max Cap provides straightforward business loans to UK SMEs. The brand focuses on providing rapid funding decisions and access to cash within 24 hours, provided your business meets its expectations. 

If you’re a small business owner looking for quick financing support, Max Cap may be ideal for you – but it always pays to plan ahead. We’ve created this quick overview of the lender to help businesses decide if it’s the right option for your needs. 

Before you read on and discover more about Max Cap, consider contacting our team here at Rangewell early in your finance journey. Not only can be help you understand the lender’s market, including alternative financing and banks, but we can also apply and negotiate on your behalf to help you secure a better offer – all at no cost to you. 

Get in touch to learn more, or continue on to get an overview of Max Cap.

What is Max Cap? 

Offering UK businesses loans of up to £100,000, Max Cap is an alternative finance provider that acts independently of UK banks. Founded with a core focus on offering simple loans, the brand proudly calls its loans “hassle-free.” Max Cap is the trading name of Maximise Capital LTD, a UK company headquartered in London. 

What types of loans does Max Cap offer?

Max Cap offers business loans of between £3000 - £100,000 with decisions made in a single day and finance available in your bank in as little as 24 hours pending approval. The business loan offered is flexible, promising no repayment fees and the option for top-ups where required. 

This loan is unsecured, though you will have to provide a personal guarantee. If you have a poor credit rating, you may be unable to complete a personal guarantee and, therefore might be declined. 

Are you eligible for a loan from Max Cap?

Max Cap has two main eligibility factors to consider when you’re looking at finance. You must have a business that has been operating for one year or longer and a turnover of at least £15,000 per month. 

As with other lenders, Max Cap may not lend to you if you have any recent outstanding CCJs, both against your business or on a personal basis. 

If you think you’re eligible, you can apply without any risk to your credit score, as Max Cap uses a ‘soft search’ to check your credit. 

What information do you need to provide? 

Operating with a digital platform means that Max Cap can streamline an application and request most of the information it needs in simple online forms. However, the lender will still require a copy of six months' worth of bank statements – though these are not the only basis on which a lending decision is made. The lender will automatically pull your business and personal credit reports to determine your chances of success. 

What are the rates and terms? 

Max Cap’s rates and terms are based entirely on the information you provide in your application. The brand does not offer any public-facing information about the interest rates offered on its business loans, so you’ll need to review any offer carefully to ensure it meets your needs. 

As an unsecured loan specialist, most loans offered by Max Cap are for short-term usage. 

Want better rates or different terms? 

If you’re looking for improved rates or longer repayment terms, speak to our team here at Rangewell. Not only can we help you apply to Max Cap and secure a better offer, but we can also identify other lenders who may be able to help. Get in touch now to discuss your needs. 

What are the fees and charges?

Max Cap does not openly discuss arrangement fees, but we would advise you to expect to be charged between 0.5-5% at the beginning of the loan. Review your offer to see whether it contains an arrangement fee before accepting it. 

If you’d like to repay your loan early, there are no early repayment charges, so you’ll have more flexibility around completing the loan on your terms. 

Does Max Cap offer secured or unsecured loans?

Max Cap only offers unsecured lending to its clients – but you’ll be expected to sign a personal guarantee. 

How do I apply?

Max Cap makes applications as simple as possible, with a simplified process you can follow on their website. Click ‘apply now’ and fill in your details, with the whole process promising to take seconds rather than minutes. 

If you receive a positive decision, Max Cap aims to issue funds within 24 hours, making it ideal for businesses that need finance in a hurry. 

What if you are rejected by Max Cap? 

If you are turned down for a loan by Max Cap, you can either check to see if any of the team have contacted you to explain why – or check your credit files. Most decisions are made based on the creditworthiness of your business, so review yours before you make any further applications. 

Alternatively, you can speak to Rangewell, and we can help you ascertain why you may have been turned down, and then help steer you to a lender that can help. We’ll work with you to find a suitable option and negotiate a loan that works for you. 

What to do if your Max Cap loan is coming to an end

Max Cap offers plenty of options for topping up your loan or extending it, but each must be agreed with the lender directly. Before you approach their team, we’d advise chatting to us first – we’re an independent finance broker that can help you secure a better offer than if you go it alone. 

Need more funding? 

Max Cap specialises in rapid financing for businesses, but this comes at the expense of a relatively low funding limit. If £100,000 is too little for what you need, we can help you explore other options from lenders that can fund millions of pounds for all business requirements. Get in touch now.