A guide to business funding options in the UK
From overdrafts to revenue-based funding, here’s a plain-English overview of how UK businesses fund stock, refits and growth, and where Dojo’s options fit.
Share this article
Most businesses need extra funding at some point: for a refit, seasonal stock, new equipment or simply to smooth out a quiet month. The right option depends on what you need the money for, how quickly you need it and how you’d prefer to repay it. Here’s an overview of the main routes. It’s general information, not financial advice, so always check the terms.
Overdrafts
Flexible, short-term borrowing linked to your business bank account. Useful for day-to-day gaps, but often subject to review and can be withdrawn.
Business loans
A fixed amount repaid over a set term. Good for planned, one-off costs. Banks and lenders will look at your trading history, accounts and credit record, and may ask for security or a personal guarantee.
Asset finance
Spreads the cost of equipment or vehicles, with the asset itself usually acting as security.
Revenue-based funding: Dojo Flex Funds
Instead of fixed monthly repayments, you repay a fixed percentage of your daily card sales: less when it’s quiet, more when it’s busy. Dojo Flex Funds is offered through Dojo’s partner Liberis, which approves 90% of merchants who apply. Dojo customers with at least £1,000 a month in card revenue and four months’ trading can apply, and every repayment frees up your balance to draw again.
Business credit cards: Capital on Tap
Useful for regular spending such as stock. The Capital on Tap business rewards card, available through Dojo, offers 1% uncapped cashback, credit limits up to £250,000 and no annual, FX or ATM fees. It’s for limited companies and LLPs trading for at least 12 months with at least £2,000 monthly turnover.
Government-backed schemes and grants
The British Business Bank supports a range of finance schemes, and local councils and growth hubs sometimes offer grants. Availability changes, so check what’s open when you apply.
How to choose
“We work with every business to try and give them an improved cashflow option, improved customer service and improved clarity on costings.”
Craig Ashcroft, approved Dojo partner
Questions
Accountant or adviser? Introduce your clients to Craig and earn a referral fee when they sign up. Become a partner →
Funding is subject to eligibility and approval. Dojo Flex Funds is provided by Liberis. The Capital on Tap Business Rewards Card is a product of New Wave Capital Limited (trading as Capital on Tap), authorised and regulated by the Financial Conduct Authority. This article is general information, not financial advice.
Talk to Craig about funding
I’ll check which option suits your business and can apply on your behalf.