Addressing SMEs Concerns for their Financial Future

With 99% of businesses in the EU falling under the “small business” umbrella, it is easy to see why many consider them to be the backbone of the economy. As well as powering the economy, these businesses make important contributions to innovation, employment and accelerating economic growth.

Yet, despite their importance, banks have continued to reduce or outright deny vital funding to many SMEs – a factor that has only worsened since the 2008 financial crisis. This has left many SMEs concerned for their financial future. Largely, banks are failing to provide the funding solutions SMEs so desperately need, and even those who do manage to access financing from a bank often find that borrowing is a cumbersome, inflexible and time-consuming process which diverts their attention from their business.

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Ultimately, the current situation is unsustainable. As SMEs provide two-thirds of private sector jobs across the continent and contribute more than half of the total value created by businesses across the European Union, more needs to be done to overcome market deficiencies.

To solve this problem, there has been the emergence of alternative lenders, like Capital on Tap. Whether its term loans, credit cards or invoice factoring – more of these services are being provided by non-bank lenders like ourselves and as a result we are the increasingly popular choice among SMEs.

At Capital on Tap, we offer highly automated decision engines, transparency on pricing and excellent customer service, and unlike with bank-backed funding options, our customers receive funds in hours or days, rather than weeks or months. Additionally, as alternative lenders, we continue to innovate and work on robust technology platforms, which give businesses easier access to information and lower operating expenses. We find that once SMEs start using these alternative solutions, they tend to stick around for a long time as they prefer it to their bank.

Given the uncertainty of Brexit and other economic clouds gathering, SMEs need funding certainty now more than ever. Thanks to alternative lenders like Capital on Tap, SMEs are able to access solutions perfectly crafted for their businesses. As we look to expand into Europe, alternative solutions like ours could be just what is needed to help SMEs overcome their financial fears and provide them with a more stable future.

Getting to know our customers: Drink, Shop & Do

Drink, Shop & Do’s Story:

Coralie and Kristie began hosting a Wednesday wine and paper mache evening at their home soon after graduating from university and starting their careers. As the weeks went on it became more and more popular to the point that their living room could not accommodate for the demand. They both realised that there was a market for this and decided to host a pop-up shop in an ex-Victorian bath house based in Kings Cross. The pop-up was such a success that they never left. In fact it has been such a success that Coralie has also managed to open a members bar across the road.

What makes Drink, Shop & Do stand out?

Delicious food and a range of cocktails are not the only characteristics that make this place unique but the transformation the venue makes throughout the day. There are also a range of activities to keep you busy from Lego Robots to Play With Clay and Papier Mache Monsters. By day, Drink, Shop & Do is a mild-mannered King’s Cross café and spritz bar serving a range of teas, coffees, healthy lunches and cakes. By night it switches to a merry den of drinking and dancing, where guests can reconnect with their inner big kid.

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Our visit:

We were welcomed in by Coralie and her friendly staff who showed us to our tables and explained the rules of our challenge, the Lego Robot competition. Whilst constructing and creating stories for our robots which would have to be explained at the end of the session we drank beers and wine and snacked on a range of finger food. Coralie explained the journey of building her business to the thriving place it is today. Like many of our clients, Drink, Shop & Do has utilised the product we offer to assist this growth.

Cheers for a great afternoon; Drink, Shop & Do! Some of our staff enjoyed the atmosphere so much that we stayed much longer than we had planned to.

Find out more about Drink, Shop & Do by visiting their website: http://drinkshopdo.co.uk/

How Flexible Financing Can Drive Growth for SMEs

SMEs are the lifeblood of the European economy. According to advisory group, Interreg Europe, they represent 99% of all businesses and two-thirds of all private sector jobs in the EU, while according to the European Investment Fund’s SME Access to Finance Index: “together, SMEs produce more than half of value added in the EU.”

That is why the success of SMEs is so crucial to the overall health of the European business landscape. Yet, far too often lack of easy access to finance threatens their prospects. Starved of the flexible funding they require, many small businesses struggle to survive, while others find growth opportunities severely restricted.

At Capital on Tap, we have seen at first hand the challenges UK SMEs face. There is often a sense that retail banks don’t speak their language or prioritise their needs. These banks certainly struggle to come up with finance offers that really work for SMEs, mainly because it is hard for them to make the economics work for a small loan.

“We continue to see small businesses being underserved by retail banks and we are trying to solve that issue not only in the UK but now also across the rest of Europe.”

That’s where we believe we can step into the breach. Our automated technology platform can run with minimal costs, meaning that we are able to provide start-up enterprises with loans of as little as £25,000 – and, critically too, we put SMEs front and centre of our whole approach.

The online application process is straightforward, with 97% of customers getting an instant credit decision. SME customers pay no interest on card purchases if they pay off their balance in full every month. Otherwise, they only pay interest on the funds they use. As well as having no monthly or annual fees, they also benefit from having no ATM charges or foreign transaction (FX) fees to worry about.

Since launch, we have provided £500 million worth of funding to 40,000 businesses across the UK. That’s why, while continuing to focus on the UK, we are now looking to also branch out into the wider European marketplace.

“Businesses have loved that our platform was simple and easy, and demand has matched what we have seen so far in the UK.”

It’s clear that SMEs across Europe face many of the same concerns that they do in the UK but generally there are even fewer funding options for smaller businesses in other European countries than there are in the UK.

We have tested our platform in five different European countries already – and have had an incredible response in each. Businesses have loved that our platform was simple and easy, and demand has matched what we have seen so far in the UK. It’s a positive sign.

We continue to see small businesses being underserved by retail banks and we are trying to solve that issue not only in the UK but now also across the rest of Europe. Flexible funding really can provide the answer here. Simply: businesses can go from having no options to having a fantastic option for growth.

– David Luck, CEO, Capital on Tap

Capital on Tap Journals: Edinburgh

It was easy to understand why Capital on Tap chose the beautiful capital of Scotland, Edinburgh, for our inaugural company retreat. A mixture of different cultures, classic monuments, iconic picturesque views, we were definitely instore for a fun weekend.

Greeted by glorious weather and charming historic buildings, we arrived at the heart of the city late Friday evening. As our hotel was conveniently located in the city centre it presented itself with opportunities overflowing at every corner to discover more about the city’s past.

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First stop on our agenda consisted of evening food and drinks at the The Refinery which was perfectly situated at the iconic St Andrew Square.
Filled with traditional Scottish details overlooking the square, The Refinery appeared to be the perfect setting for the team to embrace the bustling environment. As the evening continued to the late hours, we took the opportunity to not only feast over the delicious burgers, but also enjoy the signature cocktails. While some entered a competitive game of Jenga, some continued to debate whether the World Cup was ‘coming home’, nonetheless this kickstarted what appeared to be an awesome weekend ahead.

Saturday

After being well rested after a long day of travelling and a night of laughter, we all gladly accepted a glorious buffet breakfast. Engaging in discussions about the day ahead and perhaps more importantly, whether England had any chances of bringing the world cup back home; Saturday was set out to be a fun day.

As the day began, we kicked off the morning with a company wide exercise asking team members from mixed departments to create a variety of vision boards. This consisted of teams brainstorming ideas and reflecting on new opportunities that the company could possibly venture into. While these brainstorming sessions forced each department to think outside the box, it also enabled an open channel of discussion, where we were able to generate ideas of how we can better serve our customers. This exercise also set the stage for a honest discussion, where employees were challenged to be creative and feedback ideas of how best we can evolve our current product features.

As we entered the early afternoon, we all split off into small groups, and utilised the time to explore the beautiful city of Edinburgh. While some daring team members set out on an adventure to climb the 251 metre high extinct volcano, famously known as the Arthur Seat, to capture the amazing panoramic view of Edinburgh city; others decided to use the free time to relish in the traditional scottish culture by taking a whisky tasting class.

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As we continued to explore the key landmarks, such as the Edinburgh Castle and St Andrew square in hopes of capturing the best selfie. It was that part of the afternoon where we all headed to the pub, for one thing and one thing only…FOOTBALL!. Packed with passionate England fans, we all nervously watched England vs Sweden at the edges of our seats. As the roof raised with our chants ‘It’s coming home’ it was beautiful to see that the victorious win brought such a real sense of comradery between us all.

Continuing the festivities after a well deserved win from England, we celebrated with an evening three course meal at Rabble Taphouse. As we enjoyed the delicious variety of food and the unique cocktails, still amazed by the surreal reality that England was entering the world cup finals for the first time since 1996, the celebrations continued into the ‘wee’ hours at the locals bars.

Sunday

After a day full of exploring, laughter and fun, it was time to head back home, where we nostalgically recapped highlights of the weekend on the long train journey back to London. Overall, it is safe to say that the company get away gave us all an excellent opportunity to retreat from our regular routines and revisit the companies vision for the future.

Getting to know our customers: BrewByNumbers

Tom Hutchings (co-founder of Brew By Numbers) recently welcomed the Capital on Tap team to their brewery for a tour (and a few drinks!). Here’s what happened…

Brew By Numbers’ story:

The business was founded in February 2012 after Tom Hutchings and Dave Seymour met whilst on a climbing tour of S.E Asia. Since its establishment the business has grown rapidly from starting in a basement Tom rented off a friend’s near Borough Market and has since moved to its current home in Bermondsey’s Rail Bridge Arches. What started as one experimental brew has now evolved into 310 varieties and counting!

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What makes Brew By Numbers stand out?

Using a numbering system is what differentiates the business from their competitors; each beer is identified by a unique four digit number. The first two digits denote the style of the beer and the last two denote the recipe. In addition to this, Dave and Tom’s passion is the force behind BBNo’s mission; to only release beers that are of high standard, balanced and drinkable.

Our visit:

Tom explained to us how he and Dave have grown their dream and gave us an overview of the plant from the brewing process to packaging and storage. He also explained how the facility we offer has been useful in aiding this growth. Many small businesses find themselves short of cash flow in the window between paying suppliers and being paid by clients. Capital on Tap’s revolving credit facility aims to seamlessly fill this gap. We ended the afternoon tasting three of the different brews paired with locally sourced cheese, meats and bread. Cheers Tom!

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Find out more about Brew By Numbers by visiting their website: http://www.brewbynumbers.com/

Fix your business’ credit control today

Help small businesses thrive. That’s our mantra here at Capital on Tap, and it’s driven our offering since day one. We were recently chatting to our friends at Chaser, the cloud credit control software, about 6 options you have when your business needs an urgent cash flow boost. They ended up giving us some fantastic insight into the mistakes many small businesses make with their credit control function, inhibiting their cash flow. As cash flow is the lifeblood of a business, we asked them how small businesses can most effectively combat these mistakes and establish a world-class credit control function.

Here are the 3 things your business needs to do today to fix its credit control function and get invoices paid on time.

1. Knowledge is power. Arm yourself.

If your business sells on payment terms, one of the biggest mistakes you can make is assuming each of your customers operates the same way. Avoid setting yourself up for excuses and late payments by asking these 4 questions every time you supply a new customer:

  • What information do you need to make payment? (Although your invoice should already include the following: payment details, accepted payment methods, payment terms, invoice date, your VAT or sales tax number, and the correct description and cost of the goods/services)
  • Does this purchase require you to approve a purchase order? (And if so, when will it be approved? Plus don’t forget to include the PO number on the invoice)
  • Who is responsible for making payment on this invoice? (And how do I contact them?)
  • When do you make your payment runs?

Armed with this information, you won’t be blindsided by your customer with excuses about not following procedure. They’ll be forced to justify the unjustifiable – why they haven’t paid you on time when you’ve done everything correctly.

2. Polite persistence pays. Chase consistently.

“Polite persistence pays” is a motto of Chaser’s, and it’s an incredibly effective philosophy to follow when conducting credit control. Chaser have seen that almost 80% of invoices can be collected on time through email chasing alone. Here’s what you need to be doing to maximise your effectiveness of email chasing.

Every email chaser you send needs the following information to be effective:

  • Your business name
  • Invoice reference number
  • Amount owed on the invoice
  • Payment due date
  • Number of overdue days (if invoice is overdue)
  • And always attach a copy invoice

In providing this info, you eliminate any chance of the customer using the excuse that you haven’t provided enough info for them to make payment.

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It’s important, however, that your email chasers always remain polite and are sent often enough to keep you front of mind in your customer, but without harassing them. To achieve this, a good rule of thumb is never chase more than once a week or less than once a fortnight. Armed with the knowledge you acquired earlier, send your chasers to the person responsible for making payment on the invoice, and consider timing these chasers with when the customer makes their payment runs for maximum chance of getting paid quickly.

While email is a very effective medium for chasing up unpaid invoices, don’t forget the phone. Especially if your customer is slow to respond or sends vague and unclear replies. A rule of thumb from the Chaser team is to make a call after every third email chaser.

And finally, once payment is received on the invoice, whether it was on time or not, always thank your customer for paying. You’ll positively enhance the relationship with your customer and help encourage timely payment in future. Just a quick one-sentence email is enough, but make sure you do it within the 24 hours after receiving payment for maximum effect.

3. Maintain your invoice communications history neatly.

While the above advice can work wonders on the efficacy of your credit control function, it can be undermined by the lack of a single source of truth. Without consolidated and well-maintained invoice communications histories, a world-class credit control function crumbles. Scrambling through sent emails, multiple inboxes, or notes scrawled on the back of an envelope are all unnecessary risks and time-wasters from the credit control of the past. If your business still manages its credit control function this way, it could easily be racking up hours wasted every week. Not to mention operating with the unnecessary risk of missing key info when it isn’t consolidated into one location.

Whenever you’re conducting credit control with an incomplete picture of the situation, you’re inviting your customers to delay payment. You also risk damaging your business’ reputation by providing conflicting info, having to backtrack on something you mistakenly said earlier, or simply creating the image of a “pushover” company.

Keep a centralised log of all chasers sent, replies received, phone calls taken, and notes made. Make sure it is easily navigated and searchable by customer, invoice, and date. This will not only save your business a world of time, it will empower you to deliver world-class credit control and get your invoices paid on time.

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Chaser is cloud credit control software to get your invoices paid on time, in less time. Their average customer saves 7.3 hours a week on credit control, and boosts their cash flow by £4,400 per £100,000 of turnover. Check out how their product can help your business today.

Capital on Tap Secures £140 Million in Funding

London, UK 13 August 2018 – Capital on Tap, one of the UK’s fastest growing companies, has secured a total of £140 million in additional funding in the form of £90 million in debt funding from London-based investment houses, M&G Investments and Triple Point Investment Management LLP; and a further £50 million debt line from international bank, Citi and private equity and credit fund manager Pollen Street Capital, through P2P Global Investments PLC a quoted investment trust that Pollen Street Capital manages.  Capital on Tap is not publicly disclosing its valuation, but it has raised £30 million of equity and £200 million of debt to date.

“We continue to see small businesses being underserved by retail banks, and we are trying to solve that issue.” – David Luck, CEO of Capital on Tap

Since its launch in 2012, Capital on Tap has competed with the offering of major banks, by offering small businesses a faster and more transparent way to fund their business. Capital on Tap has already provided over £500 million in funding to more than 40,000 small businesses across the UK. It plans to use the additional financing it has received to accelerate growth in the UK, enabling it to serve more small businesses. “We continue to see small businesses being underserved by retail banks, and we are trying to solve that issue. At Capital on Tap we support thousands of small businesses by giving them up to £50,000 in minutes,” says David Luck CEO of Capital on Tap.

This additional funding represents another important step in the ongoing growth story of Capital on Tap. Capital on Tap was featured on the Sunday Time Tech Track 100 for 2017, cataloguing the 100 fastest growing companies in the UK.

Alan Hart, On Tap’s CFO, said: “Our funding facilities are specifically designed to help small businesses that have been in our view underserved high street banks. These funding facilities build upon existing relationships with great funding partners and bring new partners into the fold.”

James Pearce, head of direct lending, M&G Investments, commented: “Small businesses across the country are the lifeblood of our economy. It is essential for businesses of all sizes to have access to credit facilities in a timely manner in order to grow and to manage cashflow. This deal brings much needed cashflow to small businesses whilst benefiting our pension fund clients.”

Neil Richards, investment manager, Triple Point Investment Management LLP, commented “As a long-standing provider of finance to the UK SME sector, Triple Point is delighted to support Capital on Tap with this increased facility. We recognise the critical part that the SME sector plays in the UK economy and as innovative operators continue to fill the gaps left by traditional funders, we have expanded our own team to identify opportunities like this one to deploy our private capital.”

Abror Ismailov, Partner at Pollen Street Capital said, “Pollen Street seeks to partner only with the most innovative businesses, who target underserved market opportunities and who show the potential to grow and to expand their market share. In Capital on Tap we see a robust business model with the potential to access underserved SMEs across Europe. We’re excited to be involved and to work with David and the Team.”

Capital on Tap was advised by EY and Norton Rose in securing its additional funding.

About Capital on Tap

Founded in 2012, Capital on Tap is on a mission to help small businesses thrive. The company believes small business owners are the foundation for growth in the economy. Capital on Tap has partnered with over 40,000 small businesses across the UK deploying funding facilities of over £500 million to customers ranging from freelance designers to pub owners to solicitors. For more information, please visit www.capitalontap.com.

About Pollen Street Capital

Pollen Street is a global, independent alternative asset investment management company focused on financial and business services, which brings together a team of highly seasoned specialists with extensive experience in the UK, US and Europe. Pollen Street works closely with entrepreneurial management teams who share our values and whose businesses have strong growth potential. Changes in the focus of large incumbent players, together with the implementation of new models that make the best use of data, analytics and technology, provide exciting opportunities for our partners to pioneer and innovate. Pollen Street has a long track record of supporting these successful models as they expand and grow.

Check out our article in the Telegraph:   https://www.telegraph.co.uk/business/2018/08/12/capital-tap-gains-140m-funding-boost-growth/

Check out our article in Forbes:   https://www.forbes.com/sites/joewalleneurope/2018/08/16/can-a-british-funding-firm-solve-financing-problems-for-european-smes/#3d01d033c65c

Customer Success Story: Partners Pets Supermarkets

We do love our pets at Capital on Tap – there is always at least one four-legged pal running around  the office and we just completed a charity shuffleboard tournament where all proceeds went to the local shelter – so we could not miss the opportunity to shine the light on a business that lives and breathes pets at any time: Partners Pets Supermarkets!

Partner Pets Supermarket, a family run business for the past 25 years, is situated in St Alban and boasts over 10,000 pets’ products available in-store and their own food brand Enve online. Their mission statement is simple yet commendable: they are run by pet lovers for pet lovers and focus on responsible pet ownership and care. Director Ross Bygrave explains, “Our staff are highly trained in pets’ nutrition and we have a unique Traffic Light system in store to guide our customers to make a better choice for their furry kids”.

All pets’ needs are catered for at Partners Pets Supermarkets, with great selections of accessories and balanced, healthy and yummy foods. Ross continues, “We stock one of the biggest ranges of RAW food in the UK and strive to improve pets’ health through stocking natural healthy diets, together with top tips from our staff”.

Ross was looking for a reliable source of business banking and quickly became disillusioned with the help offered by traditional high street banks. He remembers, “We were sick of how unhelpful banks were, and of jumping through so many hoops to obtain something as simple as an overdraft extension or a credit card – too many forms and longwinded bureaucracy”.

Ross applied for a Capital on Tap through our one-page eligibility checker and received a credit decision shortly after, with no need for any proof of address or bank details. When asked about what the hassle-free application process meant for him and his business, he explains: “Us hard working business owners have been suffering at the hands of the banks for years now, but thankfully there are still places like Capital on Tap that think outside of the box and keep things simple”.

His Capital on Tap account, paired with the Capital on Tap Business Mastercard, have proven an efficient asset to the way he runs his business. The flexibility of how the available credit can be accessed means that he has been able to use his account for most business expenses: “The Mastercard helps with cashflow in difficult weeks as retail is a tough game these days, and it has been a great help when a new supplier requires a full payment for a first order. And then there is the added benefit of being able to transfer funds directly into our bank account for the suppliers that still won’t accept cards in this day and age”.

Partners Pet Supermarkets have a lot to look forward to in the next few months. Their own dog food brand Enve has already become their biggest selling dry food range and has countless benefits for pets and their owners: “Enve is a good grain free food at a great price and comes with loyalty offer online”, Ross explains. The future of the brand is not solely about sales either, as Partners vows to “keep converting and educating people that there are far better options than the big famous brands for your beloved pets”.

To find out more about Partner Pets Supermarket: partnerspets.com
And to discover the benefits of Enve: envedogfood.com

Capital on Tap increases support for UK SMEs’ growth through range of co-branded Mastercard partnerships

Capital on Tap’s co-branded Mastercard program focuses on reinventing the provision of trade credit to better support the growth of UK SMEs through additional cashflow usable at millions of retailers worldwide.

Over the last five years, the entire team at Capital on Tap has worked tirelessly on providing SMEs across the UK with pain-free access to better business banking and extra cashflow. A recent addition to our range of products and services, the Co-branded Mastercard program has been designed for businesses across all industries after several years of research and first-hand experience in the world of Trade Credit.

CEO David Luck explains, “We have already deployed funding facilities of over £340 million to SMEs via our Capital on Tap Business Mastercard, and decided to offer our expertise to bigger businesses as we believe we have the tools to fully reinvent trade credit”.

Having developed a direct understanding of what financial help UK SMEs are actually looking for, Capital on Tap is now offering medium and large businesses the opportunity to utilise the FinTech expertise directly responsible for the success of the Capital on Tap Business Mastercard. David continues, “Our technology underwrites each application as soon as they are submitted, with 80% of applicants receiving a credit decision with 1 minute. Once the customer accepts the offer, the Mastercard is sent in the post and received within 4 days”.

Customers holding the co-branded Mastercard can spend their available credit with the co-branded partner (in-store, online or over the phone) and at millions of retailers worldwide. They also get the same benefits as every Capital on Tap Business Mastercard holders, such as 0% interest for up to 37 days when the account is paid in full each month, real-time credit reviews to improve spending limits and flexible repayment options. In addition, co-branded partners can also tailor special promotions and offers directly to cardholders, enabling them to create a hassle-free loyalty program at no extra cost.

Existing partners have also been able to outsource all aspects of credit control and collections while earning additional revenue. Capital on Tap’s Channel Sales Director Brennig Parry explains, “Because there are no integration efforts needed to get the program started, we have seen new partnerships release within as little as a few weeks after a first discussion. Our partners also greatly enjoy the benefits of seeing their brand awareness increase by having their logo and name on thousands of cards across the UK whilst greatly diminishing any risk of bad debt”.

To find out more about the Co-branded Mastercard program, visit www.capitalontap.com/enterprise or call 0208 962 7450 to speak to one of our advisors.

Customer Success Story: JL UK Freelance LTD

Today, Capital on Tap sits with the director of JL UK Freelance LTD, Jason Manley. Jason talks to us about his career within the coach travel industry, what makes his company stand out and why he considers Capital on Tap an asset to his business.

What is the origin story of JL UK Freelance LTD?

I have been associated with the coach travel industry in various roles for 25 years. My first passenger paying job was taking primary school children in south Shropshire to a swimming lesson in Shrewsbury. It was in an old Bedford coach that only had about five dashboard switches and struggled to keep up with push bikes on any kind of hill. I now regularly drive executive tour coaches for my clients, that are in excess of £300,000 in value, almost but not quite drive themselves and also comment on the quality of my driving via dashboard messages during the journey.

Over the years, I have driven all sorts of passengers to numerous destinations. But the work where I find the greatest satisfaction, is taking groups of more elderly passengers who need care and looking after on holiday to UK and Ireland destinations. There is currently a shortage of drivers in the UK who do this type of work and this has given me the opportunity to work with a client base of quality coach operators to deliver a professional service to them and their passengers on a freelance basis.

What makes your business stand out?

That is an easy question to answer – I don’t just drive coaches – I create great holiday memories for people who have saved hard all year for the week they spend with me. Driving the coach is just a part of that – although I pride myself in doing it exceptionally well!

I am developing a reputation which is organically growing and is based on forward planning, research of itineraries, exceptional customer service and the ability to be a driver, tour guide, in-resort representative and hot chocolate maker – all wrapped up in one.

How did you come across Capital on Tap?

A successful business is one which not only delivers a quality product, but which also has the foundation of a well-planned and managed strategy and back office operation. Part of that is managing finances well and ensuring that your business finance products are fit for purpose and separate from personal finances.

I needed a business card option to manage cash flow and also for unexpected eventualities. A search of the market led me to Capital on Tap. All the information online was quick and easy to understand. My application was answered very quickly and the process was efficient, effective, open and quick.

I would recommend Capital on Tap without hesitation as a financial partner to any business. I do feel the support is there if I need to contact the company. There are no fees if the balance is paid in full and if you do want to take advantage of a longer credit period, all the costs are clear, fair and easy to understand.

How does your Capital on Tap account benefit your business?

One recent example was during a recent breakdown. Coach breakdowns do happen from time to time and waiting for assistance or alternative transport can be a challenging time for the driver when you have 50 people to look after.

My Capital on Tap Business Mastercard enabled me to assist the operator I was working for by instantly paying for a warm meeting room and buffet lunch for elderly passengers who were delayed whilst he focused on the mechanical support arriving. Capital on Tap really did save the day and keep 50 elderly passengers safe, warm and comfortable!

What’s next for JL UK Freelance LTD?

The core values I uphold are paying off and I need a twin to join the business as I cannot be in two places at once and I don’t like to disappoint when people are requesting the service. The search is on to find someone who will add value to my business and compliment my efforts. When I find them, they are going to need their own Capital on Tap Mastercard!

 Find out more about Jason and his business:
https://www.facebook.com/pg/jlukfreelance/about/
http://jlukfreelance.business.site

To open a Capital on Tap account for your business, check your eligibility today with our 2-minute application form: Check your eligibility