What is Swoop Funding?
Swoop Funding is a financial platform that connects businesses with a wide range of funding options, including loans, grants, equity finance, and tax credits. It acts as a credit broker, not a lender, and works with a panel of lenders, equity funds, and grant agencies to match businesses based on their individual circumstances and creditworthiness.
The platform also helps businesses save on expenses by comparing products such as business insurance, bank accounts, and energy deals. With a focus on streamlining access to finance, Swoop has helped over 300,000 global customers secure more than £1.5 billion in funding.
Features
- Funding Matching: Matches businesses with loans, grants, equity, and tax credits from a panel of lenders and agencies.
- Expense Comparison: Compares business insurance, bank accounts, credit cards, and energy deals to help save money.
- Resource Hub: Offers calculators, a blog, case studies, podcasts, and a business glossary.
- Multi-Product Search: Allows users to search across multiple financial products in one place.
- Free Account: Create an account for free to view funding options.
Use Cases
- Securing a business loan for expansion or working capital.
- Finding and applying for business grants.
- Raising equity finance through investors.
- Claiming R&D tax credits.
- Comparing and switching business insurance or energy suppliers.
FAQs
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Is Swoop a lender?
No, Swoop acts as a credit broker, not a lender. It introduces applicants to a panel of lenders, equity funds, and grant agencies. -
Does Swoop charge a fee?
Creating an account and viewing funding options is free. Swoop typically receives a commission from the finance provider upon successful placement, which may influence the interest rate offered. -
What types of funding does Swoop offer?
Swoop offers access to business loans, growth guarantee schemes, startup loans, working capital loans, VAT loans, secured and unsecured loans, ecommerce financing, SaaS finance, franchise finance, merchant cash advances, invoice finance, equity finance (EIS, SEIS), business grants, asset finance, commercial mortgages, development finance, bridging finance, and R&D tax credits. -
How does the matching process work?
Users provide details about their funding goal, revenue, and business age. Swoop then matches them with relevant funding options from its panel of lenders and agencies.
