Elect Capital review: fast short-term funding for UK businesses

Elect Capital is a specialist provider of short-term working capital for established UK companies, built around fast decisions based on revenue and cash flow rather than property security. Smart Funding Solutions is an independent broker, so we can set an Elect Capital offer against other short-term and sales-linked funders on our panel before you commit.

01About Elect Capital

Elect Capital operates in several markets, and its UK site sets out a dedicated offering for British limited companies and partnerships. The UK business is registered in England with an operating address in central London. In July 2026 the specialist investor Pollen Street Capital announced a credit facility to support Elect Capital alongside MCL Finance, a sister lender run by the same management team. Press coverage of that deal describes Elect as providing short-term loans to UK SMEs of up to £1 million.

The firm's pitch is speed and simplicity. Its UK site says applications made before 2pm can receive an offer the same day, and it quotes a fastest approval time of four hours. Decisions lean on how much money is flowing through the business, which is why its eligibility rules are expressed in monthly revenue rather than asset values.

02What Elect Capital funds

All of Elect Capital's UK products are variations on short-term, unsecured working capital. It sits closest to the merchant cash advance and sales-linked funders, because its offers are sized on trading income and repaid over months rather than years.

Product	What it is for	Typical size	Typical term
Fast business funding	Urgent cash needs where timing matters more than anything else	£25,000 to £750,000	3 to 12 months
Unsecured and short-term business loans	Stock, payroll gaps, tax bills, seasonal peaks	£25,000 to £750,000	3 to 12 months
Working capital loans	Smoothing cash flow while revenue catches up with costs	£25,000 to £750,000	3 to 12 months
Growth Builder	Funding a specific growth push, such as a new contract or marketing drive	Case by case	Short term

Elect Capital's UK site states that no collateral is required. The site does not set out the repayment mechanism in detail, so ask how and how often repayments are collected before you accept an offer, as daily or weekly collections change the cash flow picture considerably.

03Who Elect Capital suits (and who it may not)

Elect Capital's published UK criteria are clear:

• A UK-registered limited company or partnership
• At least 12 months of trading history
• Monthly revenue of at least £25,000

That makes it a fit for established, busy businesses that need a meaningful sum quickly: a wholesaler buying stock ahead of a peak, a contractor covering wages before a large payment lands, or a restaurant group bridging a quiet quarter. Because the decision rests on turnover and cash flow, it can also suit directors who have no property to offer as security.

It is less likely to suit:

• Sole traders, who fall outside the stated entity types
• Start-ups and businesses with under a year of trading
• Smaller firms turning over less than £25,000 a month, who may be better served by small business loans from other providers
• Anyone funding a long-term investment, such as premises or major equipment, where a longer term keeps repayments manageable

04What Elect Capital looks at

Elect Capital says it evaluates revenue, cash flow and trading history rather than relying mainly on credit scores, and that its initial application does not involve a hard credit search. In practice, short-term funders of this type typically ask for:

• Recent business bank statements, often the last three to six months
• Company details and director information
• Evidence of card or online takings where relevant
• Details of any existing finance, especially other short-term advances

A fuller credit check is normal before funds are released. If you already have a cash advance or short-term loan running, say so up front: stacked repayments are one of the main reasons offers are reduced or declined.

05Pros and cons

Pros

• Fast offers, with same-day decisions possible when you apply early in the day
• No property or asset security required according to its UK site
• Large facility sizes for a short-term funder, up to £750,000
• Decisions focus on trading performance rather than credit score alone

Cons

• Short terms of up to 12 months mean larger individual repayments
• The £25,000 monthly revenue minimum rules out many smaller businesses
• Short-term, fast funding usually costs more overall than a longer bank or government-backed loan
• Not available to sole traders or very young businesses

06Applying through a broker vs going direct

You can apply to Elect Capital yourself through its UK website. The case for comparing first is simple: fast money is easy to accept and harder to unwind. A broker can show you whether a cheaper or longer facility is available before you lock in short-term repayments.

When you come to us, we search the market across our panel of 300+ lenders, present your case once to the lenders most likely to say yes, and explain the total repayable and the repayment pattern of each offer side by side. Smart Funding Solutions is an independent broker and is not part of Elect Capital, and Elect Capital is one of the lenders on our panel. It is free to enquire; any broker fee is disclosed separately before you proceed. Start with our instant quotes tool to compare lenders in minutes.

07Alternatives to Elect Capital

• Bizcap: worth comparing if you want a merchant cash advance or a revolving facility you can draw on again as you repay.
• Capify: offers merchant cash advances and revenue-based finance, so it can suit businesses whose income is mostly card takings and who want repayments that flex with sales.
• 365 Finance: a merchant cash advance specialist that may be a better match for smaller card-taking businesses below Elect's revenue threshold.

If you would rather spread repayments over several years, look at unsecured business loans, which often run for up to five years. For a deeper look at how sales-linked repayments affect day-to-day cash, read our guide to merchant cash advance pros and cons.