Lender alternatives·12 min read·Updated

Uncapped alternatives: six lenders for brands below the £100K-a-month line

By the CapExpand team

Reviewed by Alex Beardsley, Founder · UK commercial finance broker

Facts checked 7 September 2026 · first published 7 September 2026

Read against weareuncapped.com (via Internet Archive captures, which are dated in the text), out.fund, wayflyer.com/gb, youlend.com, iwoca.co.uk, fundingcircle.com, 365finance.co.uk and Companies House filings for Uncapped Ltd.

Most people arrive at Uncapped looking for revenue-based finance, and Uncapped stopped writing it. Its own blog post says the company made “the easy decision to completely stop offering Revenue Based Finance (RBF) to our clients”, adds that no new RBF deals were underwritten in 2023, and names Wayflyer, 8fig, Shopify, PayPal and Outfund as providers that still do. What is left is a fixed-term loan and a line of credit, priced as a fixed fee or a fixed APR, with no equity, no warrants and no personal guarantee.

For the brand it is aimed at, that is a strong package. The threshold is the problem. The homepage sets fixed term financing at brands turning over £100,000 a month or more, the line of credit at £500,000 a month (its own product page says at least £5 million a year), and only Amazon sellers get in at £10,000 a month. Limited companies only; sole traders are not eligible.

This page covers six lenders that take the business Uncapped will not, or that still offer the repayment shape it withdrew. Uncapped is on our panel and so are five of the six. Wayflyer is not, and we say so in its section. Uncapped's own UK pages could not be read live at our check, so the figures below come from dated Internet Archive captures and from Uncapped Ltd's filed accounts, and we say which is which.

Why people look past Uncapped

The revenue bar does most of the filtering. Fixed Term Financing is described for brands with £100,000 or more of monthly revenue, the Line of Credit for £500,000 a month, and the FAQ repeats it in dollars: at least $100k of monthly sales, or $10k for Amazon sellers. A UK brand doing £40,000 a month with good margins and a Shopify store is not in scope on any published route unless it sells on Amazon.

The published amounts do not agree with each other either. The homepage and about page say £100K to £2M; the Fixed Term Financing and Amazon Seller pages say £10K to £10M; the FAQ says $10K to $10M. Uncapped is a real lender with real money behind it, so this is untidiness rather than anything worse, but it means the website cannot tell you whether your number is in range.

Then the appetite question, which is the one nobody puts on a comparison table. Uncapped Ltd's audited group accounts to 30 April 2025 show a loss for the year of £10,430,262 against £1,227,681 the year before, loans and advances to customers down from £72.7m to £36.4m, loan-loss provisions up from £3.76m to £7.54m, and the funding facility drawn down from £65.0m to £31.5m. The directors' own explanation is that the group “shifted its strategy from large to mid-market loans” and that the loss rose on higher loan losses and interest expenses. A halved book is a lender being more selective, and that shows up as declines at the edges rather than as an announcement.

The fee does not come back if you clear the loan early. Uncapped's FAQ is direct about it: paying off a term loan early does not reduce the total amount due, and the benefit is simply that the obligation ends sooner. On a 0.8% a month fee over a 12-month term, settling in month five means paying twelve months of fee for five months of money. The Line of Credit works the other way, with interest accruing only on the outstanding balance and no prepayment fees, so the two products behave very differently on the same balance sheet.

A few smaller mechanics catch people out. Repayments are collected by direct debit and typically start on the same day the money lands. Amazon sellers cannot realign the schedule to Amazon payouts once funds are disbursed. Line of Credit repayments are recalculated every 14 days on the outstanding balance and the APR can be reset at renewal. Declined applicants are asked to wait 60 days before reapplying. And the site carries US wording in places, including a US support number, so a UK borrower should check which group entity is named on the offer letter.

The alternatives at a glance

LenderProductRangeMin tradingMin turnoverRepayment
OutfundRevenue-based finance or fixed repayments£10,000 to £500,000 (its funding page says £300,000)6 months£10,000 a monthRevenue share or fixed, daily or weekly by direct debit, 3 to 12 months
WayflyerNot on our panelCash advance, term loan and rolling financing for ecommerce£5,000 to £20,000,000 (its own FAQ says from £10,000)6 months (2 years for retail and service businesses)£10,000 a monthPercentage of revenue or fixed amounts, daily to monthly, 3 to 9 months
YouLendEmbedded merchant cash advanceUp to £2,000,000 (no minimum published)Not publishedNot publishedPercentage of sales, single fixed fee
iwocaFlexi-Loan credit facility£1,000 to £1,000,000None published (start-ups capped at £10,000)None publishedMonthly; interest per 30 days on the drawn balance
Funding CircleFixed-rate business loan£10,000 to £750,0001 yearNone publishedMonthly; fixed rate from 6.9% a year plus a one-off completion fee
365 FinanceMerchant cash advance£10,000 to £500,0006 months£10,000 a month in card salesTypically 5% to 15% of card sales

Published criteria as at 7 September 2026; every figure is subject to the lender's own checks. Inclusion is a fact about the market, not an endorsement.

Outfund

Outfund is the one lender here that still writes what Uncapped withdrew. You can choose revenue-based repayments that move with sales or fixed repayments over a set term, both collected daily or weekly by direct debit over 3, 6, 9 or 12 months. The entry bar is six months of trading and around £10,000 a month of revenue, a tenth of Uncapped's threshold, and it keeps the two features that bring people to Uncapped in the first place: no equity taken and no mandatory personal guarantee.

It also publishes a worked example, which almost nobody in this corner of the market does. Its offer builder shows £150,000 over nine months at a 6.8% facility fee: £10,200 of fee, £160,200 total repayable, and net funding of £147,750. Underwriting runs on read-only Open Banking with a soft credit check, offers are quoted in three days (the funding page says often within a day), and capital is available as soon as you accept. Once a third of a facility is repaid you can apply for a top-up.

What it does not substitute is size or steadiness. The ceiling is £500,000 on the FAQ and homepage but £300,000 on the funding page and offer builder, against Uncapped's £2m headline. Money lands in an Outfund wallet rather than your bank account, with invoice payments processed within two working days. Trustpilot reads 3.4 from 43 reviews, with 73% at five stars and 23% at one, which is a split profile rather than a bad one. And the group has moved: MTL Financial Ltd is now part of VVOF Holdings Limited in Ireland alongside Viceversa, with one UK director in place since May 2026.

Read our Outfund review

Wayflyer

Wayflyer is the closest match to what Uncapped used to be, and it is still writing revenue-based remittances. Its GB pages offer a Cash Advance repaid as a percentage of revenue, a Term Loan repaid in fixed amounts, and Rolling Financing that gives repeat access over a twelve-month contract without reapplying, all on a 3 to 9 month horizon. Eligibility is £10,000 or more of monthly sales and six months of trading for ecommerce and software firms, rising to two years for retail and service businesses, and offers are typically sized at 1.5 to 3 times monthly revenue.

The pricing is unusually open for this market. Wayflyer's help centre says the fee is typically between 5% and 10% of the advance, gives a worked example of a $100,000 advance at a 6% fee repaying $106,000, and states there are no origination, prepayment or late fees. There is no personal guarantee and no equity; the Cash Advance is unsecured, though the Term Loan carries optional security that can lower the cost. A soft credit check is run at application and funds usually arrive within one to three business days.

Two things to weigh. Wayflyer is not on our panel, so we cannot arrange it, quote it or chase it, and this section exists because it is the name most Uncapped applicants find next. And the mechanics have edges: the fee is fixed and repaying early does not reduce it, additional advances stack (its help centre gives an example of 10% plus 15% of daily sales running together, and says fixed-repayment advances will always be stacked), it does not fund dropshippers or start-ups, and some European agreements carry a longstop end date. The contracting party in its platform terms is the Irish parent, Wayflyer Limited.

Read our Wayflyer review

YouLend

YouLend is where a smaller online seller usually lands. It is embedded in the platforms the business already sells through, including Amazon in the UK (a cash advance plus a pre-approved Flexible Financing Line drawn in small amounts), eBay Seller Capital, Just Eat, Lopay, Tide, Epos Now and, since January 2026, Teya and Worldline. Repayment is a percentage of each day's sales against a single fixed fee, and no minimum advance is published, so tickets well below Uncapped's floor get written.

It has the scale to back that up: FY2025 accounts show revenue of £171.5m and profit of £8.8m, EQT is the ultimate owner, the homepage claims approval for nine in ten applicants and 85% of customers renewing, and Trustpilot showed 4.8 from 12,426 reviews at our check. Approval is quoted in as little as 24 hours with funds inside 48 hours of approval. One thing worth knowing for a business with mixed revenue: the FY2025 accounts mention a new revenue vertical that includes non-card sales in decisioning.

What it does not substitute is the absence of a guarantee or the published price. Personal guarantees from directors are standard on the advances we see, where Uncapped takes none at all, and YouLend publishes neither a rate card nor a repayment percentage on its own site. Its settlement account is a condition of financing, so processor payouts route through a YouLend account until the advance clears, and partner pages put the maximum term at twelve months against Uncapped's 24.

Read our YouLend review

iwoca

iwoca is the closest thing on our panel to Uncapped's Line of Credit for a business too small to reach it. The Flexi-Loan is a limit of £1,000 to £1,000,000 held for one day to five years, with interest charged per 30 days on the drawn balance from 1.5% a month (published range 1.5% to 5.7%), and no early repayment fee. Draw it, repay it, draw again once you have paid back around a third of the limit. There is no published minimum trading period or turnover, and no revenue threshold to clear.

It is quick and it is large enough for most of the brands Uncapped has stopped serving. Decisions come inside 24 hours in almost all cases and money can arrive within hours. iwoca lent £1.3 billion across 58,000 loans in 2025, a 60% increase on the year before, holds 4.7 on Trustpilot from over 11,000 reviews, and was named Fintech Company of the Year 2026 at the Fintech Awards London.

What it does not substitute is the no-guarantee promise. iwoca states plainly that its loans require a personal guarantee from at least one company director, which is the single biggest difference between it and Uncapped. Limits are sized at roughly one month's revenue or about 20% of annual turnover, so a brand borrowing against a strong quarter will be offered less than a revenue-based lender would advance. Its representative example is 3.33% per 30 days (49% APR representative), borrowing beyond twelve months typically adds 5% to 6%, and product pages accept limited companies and LLPs only.

Read our iwoca review

Funding Circle

If the money is for something that pays back over years rather than a stock cycle, Funding Circle is the cheapest structure a UK brand is likely to get without a bank relationship. Loans run £10,000 to £750,000 over six months to six years at fixed rates from 6.9% a year, with one one-off completion fee. Its calculator shows the shape: £100,000 over 24 months at a £6,900 completion fee and £8,668 of interest, £115,568 repayable, £4,815 a month. That is a very different cost of capital from a fee of 0.7% to 1.5% a month.

It is also fast for a term lender. The application takes about seven minutes, a decision can come within an hour, funds are typically paid inside 48 hours, and on its shorter loans of up to twelve months the decision is instant to £250,000 with no completion fee when you apply directly. It has lent £18 billion to more than 135,000 UK businesses and scores 4.6 on Trustpilot from around 17,000 reviews.

What it does not substitute is the guarantee-free structure or the young business. Funding Circle states that a personal guarantee will be required, and on the sub-24-month Flexible Loan that guarantee is set at twice the initial loan. The published minimum is a year of trading, it reads up to eight months of bank statements and the latest full accounts, and since 23 February 2026 it lends only to limited companies and LLPs. The completion fee is not refunded if you settle early.

Read our Funding Circle review

365 Finance

For a seller whose money arrives through card acquiring rather than a marketplace payout, 365 Finance gives the sales-linked repayment Uncapped dropped, from a UK direct lender that publishes its terms. Six months of trading and £10,000 a month of card sales buys £10,000 to £500,000, repaid at typically 5% to 15% of takings, usually cleared in five to ten months. It approves more than 90% of applications by its own count and runs a soft credit check.

Two published terms make it easy to compare. The cost is a single all-inclusive figure with no application, admin or late fees, and 365 states there are no additional charges if the advance takes longer to repay, so a bad quarter stretches the payback rather than adding cost. It is funded by a £150m Pollen Street Capital facility signed in February 2025 and held 4.9 on Trustpilot from 1,135 reviews when we checked.

What it does not substitute is the D2C brand that takes very little through a card terminal. Sizing runs off card sales alone, so revenue arriving as an Amazon or marketplace settlement is largely invisible to it, and there is no route below £10,000. The all-inclusive cost does not fall if you clear the advance early, and its unsecured page asks for twelve months of card statements.

Read our 365 Finance review

When Uncapped is still the right call

A brand clearing £100,000 a month that wants growth capital without signing a guarantee or giving up equity has a short list, and Uncapped is at the top of it. Its FAQ prices term loans at a fixed fee of 0.7% to 1.5% a month with an average of 1% and no interest, terms up to 24 months, and repayment schedules you can set daily, weekly or monthly. The Line of Credit runs from a fixed APR as low as 10.99% with interest only on what you draw, repayments every fourteen days, and principal becoming available again as you repay it during the draw phase. Nobody else on this page combines a fixed cost, no personal guarantee and no dilution.

The process suits an operator rather than a finance director. You connect Amazon, Shopify, Walmart, Stripe, your bank and your accounting software instead of assembling a pack, the credit check does not touch your personal score for larger businesses, the homepage quotes a decision in 48 hours, and the FAQ says funds normally arrive within one to two business days. The Amazon route opens at £10,000 a month of revenue, advertises an approval rate of about 80%, and carries a payment holiday of up to three months where you qualify. Trustpilot showed 4.6 from 260 reviews at our check.

One honest caution before renewing. Uncapped's own blog calls the product it withdrew “the potentially misleading RBF option”, and the argument it makes there (that a fee with no fixed end date is hard to compare) applies just as well to its own fixed fee, which does not shrink when you repay early. Get the total repayable in pounds and the cost of settling in month six, then hold that against a term loan priced on the balance you hold.

Check the whole panel in one go

Tell us your numbers once and we say which of these lenders your business fits, and which would decline, before anything is submitted. We arrange; the lender decides.

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Frequently asked questions

No. Its own blog post says it decided to completely stop offering revenue-based finance, that no new RBF deals were underwritten in 2023, and that fixed-term loans have been offered since 2021. The FAQ repeats it: fixed-term loans and a line of credit only. Outfund and Wayflyer both still write revenue-linked repayments, which is why they lead this page.
£100,000 a month for Fixed Term Financing and £500,000 a month for the Line of Credit on the homepage, with the line of credit page framing it as at least £5 million a year. Amazon sellers get in at £10,000 a month. Outfund and Wayflyer both start at around £10,000 a month, 365 Finance at £10,000 a month of card sales, and iwoca, Funding Circle and YouLend publish no revenue minimum at all.
Outfund states there are no mandatory personal guarantees and no equity given up, and Wayflyer says it does not ask for personal guarantees or take equity. iwoca requires one from at least one director, Funding Circle says a guarantee will be required (at twice the loan on its sub-24-month Flexible Loan), and personal guarantees are standard on the YouLend and 365 Finance advances we arrange. Read the contract for indemnity or security wording whichever route you take.
No for term loans. Its FAQ says paying off a loan early does not reduce the total amount due, and the benefit is that the obligation ends sooner. The Line of Credit is different: interest accrues only on the outstanding balance, there are no prepayment fees, and early repayment reduces the cost. Among the alternatives, iwoca and Funding Circle charge for time held, while Wayflyer, Outfund, YouLend and 365 Finance work on a fixed fee.
Its FAQ gives a fixed fee of 0.7% to 1.5% a month on term loans with an average of 1% and no interest rate, while UK product pages advertise fees as low as 0.8% a month. The Line of Credit is quoted as a fixed APR starting as low as 10.99%, fixed for the term, which can be updated at renewal. Wayflyer publishes a typical fee of 5% to 10% of the advance and Outfund a worked example at a 6.8% facility fee over nine months.
Its audited group accounts to 30 April 2025 show a £10.4m loss (against £1.2m the year before), loans and advances to customers falling from £72.7m to £36.4m, provisions rising from £3.76m to £7.54m, and net assets of £15.8m. The directors describe a shift from large to mid-market loans. That is a lender tightening rather than closing, and it is the reason applications at the margin get declined without a published change in criteria.
No. Wayflyer is not on our panel, so we cannot quote it, price it or progress an application, and it appears here because it is the alternative most Uncapped applicants find next. Uncapped, Outfund, YouLend, iwoca, Funding Circle and 365 Finance are all on our panel.
Uncapped itself, whose Amazon route starts at £10,000 a month of revenue against £100,000 for everyone else, with offers within 24 hours and an advertised approval rate of about 80%. YouLend also funds inside Amazon in the UK with a cash advance and a pre-approved Flexible Financing Line, and Wayflyer runs a dedicated Amazon seller product. Outfund lists Stripe, Shopify, PayPal, Adyen, WooCommerce, Xero and QuickBooks among its connections, and does not list Amazon.
Not Uncapped, whose FAQ says sole traders are not eligible, and not Wayflyer, which requires incorporation in a supported country, or Funding Circle, which has lent only to limited companies and LLPs since 23 February 2026. YouLend accepts sole traders on its advance. Outfund does not state a position on structure, and iwoca lists limited companies and LLPs on its product pages.
The UK product and FAQ pages could not be read live on 7 September 2026, so the amounts, fees, thresholds and speed claims come from dated Internet Archive captures made between August 2025 and August 2026, and the financial figures come from Uncapped Ltd’s accounts to 30 April 2025 filed at Companies House. Check the current terms with Uncapped before relying on any of them.

Sources and method

Facts on this page were checked against the sources below on 7 September 2026. Where a lender does not publish a figure we say so rather than estimate it.

  1. Uncapped: blog post withdrawing revenue-based financing (archive capture 22 June 2025; earliest capture 30 September 2023)
  2. Uncapped: frequently asked questions (fees 0.7% to 1.5% a month, 24-month maximum, line of credit APR from 10.99%, early repayment, eligibility, 60-day reapply rule; archive capture 8 November 2025)
  3. Uncapped: UK homepage (£100K to £2M, revenue thresholds, decision in 48 hours, no personal guarantees; archive capture 8 September 2025)
  4. Uncapped: Fixed Term Financing, UK (loans from £10K to £10M, fees as low as 0.8% a month, offers as fast as 48 hours; archive capture 14 October 2025)
  5. Uncapped: Amazon seller funding, UK (£10k monthly revenue, offers within 24 hours, approval rate of about 80%, payment holiday; archive capture 8 November 2025)
  6. Uncapped: Line of Credit, UK (draw and repayment phases, £5m annual revenue framing, limit up to double monthly revenue; archive capture 8 September 2025)
  7. Companies House: Uncapped Ltd, 12258266 (group accounts to 30 April 2025: loss £10,430,262, loans and advances £36.4m, provisions £7.54m, facility drawn £31.5m)
  8. Trustpilot: Uncapped (4.6 from 260 reviews, 7 September 2026)
  9. Outfund: FAQs (£10,000 to £500,000, six months trading, £10k monthly revenue, revenue share or fixed repayments, 3 to 12 months, soft credit check, three-day offers)
  10. Outfund: funding page (offer builder worked example at a 6.8% fee, £10k to £300k slider, wallet and card, top-up after a third repaid, no mandatory guarantees)
  11. Trustpilot: Outfund (3.4 from 43 reviews, 7 September 2026)
  12. Wayflyer: GB homepage (£5k to £20m, £10,000 monthly sales, six months trading, 1.5 to 3 times monthly revenue, soft credit check, no personal guarantees)
  13. Wayflyer: products (Cash Advance, Term Loan, Rolling Financing, 3 to 9 month horizon, optional security on the term loan)
  14. Wayflyer help centre: fees (typically 5% to 10% of the advance, worked example, no origination or prepayment fees)
  15. Wayflyer help centre: how repayment works (stacked advances, BACS direct debit, failed payments)
  16. Wayflyer help centre: funding requirements (supported countries, incorporation, no dropshippers, no start-ups)
  17. YouLend: merchants page and FAQs (up to £2,000,000, single fixed fee, 24-hour approval, 48-hour funding, nine in ten approved)
  18. YouLend and Amazon launch the Flexible Financing Line in the UK
  19. iwoca: Flexi-Loan (£1,000 to £1,000,000, one day to five years, from 1.5% per 30 days, representative example, no early repayment fee)
  20. iwoca: FAQ (1.5% to 5.7% a month, limit sizing, start-up cap, personal guarantee from at least one director)
  21. Funding Circle: small business loans (£10,000 to £750,000, six months to six years, from 6.9% a year, completion fee, personal guarantee, documents, speed)
  22. Funding Circle: loan calculator (£100,000 over 24 months worked example)
  23. 365 Finance: merchant cash advance (£10,000 to £500,000, 5% to 15% of card sales, five to ten months, no additional charges if repayment runs long)

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Important information

CapExpand Ltd (FRN 1060885) is an Appointed Representative of White Rose Finance Group Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 630772). We are a credit broker, not a lender, and we do not provide financial, tax or legal advice. We work with a panel of lenders whose particulars are available on request. If a deal completes the lender pays us a commission, at no cost to you; different lenders pay different amounts under different models, and we will tell you the amount for your deal on request. All lending is subject to status, valuation where applicable and the lender's own checks.

Registered office: Pure Offices, Lake View Drive, Annesley, Nottingham, NG15 0DT. Company No. 14433858.