GapCap

Who are GapCap?

GapCap is a finance company whose main aim is to help solve the common cash flow problems often felt by SMEs. They give businesses more control over when they pay their suppliers and when they receive funds from outstanding invoices.

Starting out in 2014, GapCap has grown and grown, now offering SMEs even more flexibility on what they can borrow. GapCap currently has over 1,000 clients on their platform and have lent an impressive £342 million to businesses.

What type of business funding does GapCap offer?

GapCap offers three main products to help SMEs achieve their business goals and keep on top of cash flow:

• Selective Invoice Finance - This allows companies to free up cash that is tied up in outstanding invoices. Perfect forshort term cash flow needs.
• Flexible Invoice Finance - Allows for funds to be released against the entire sales ledger or just a selected pool of debtors. Suitable for businesses that require regular funding.
• Supplier Finance - Allows for release funds that help improve cash flow. Suitable for lengthening supplier payment terms and strengthening supplier relations.

How do you apply and qualify for funding with GapCap?

To ensure same day, instant funding, GapCap has a straightforward application process. All applicants will receive a dedicated account manager as well as a platform where a live view of outstanding invoices can be viewed.

Firstly, to apply for funding, a business will have to register to the platform providing information on the type of funding they require. Once this has been completed, they can expect to receive an offer within 24 hours. Once any additional information has been submitted (e.g. for supplier finance - the suppliers you wish to be added to the scheme) payment will be made usually within 24 hours.