Capify Review for Borrowers

This Capify review will help you to comprehend and realise who they are as a company – who are the managers of Capify, what they offer as a lender, how they are unique and special, how they differ from their competition and what they look for in a prospective borrower. Read the following Capify review to find out more about this company and discover if it’s suitable for your needs.

Capify Review in Numbers

Australian Business Number (ABN): 42 613 345 1250
Australian Credit License: Capify does business internationally and has a licensed California Finance Lender number (6054066)
Loan amount: from $5,000 – $400,000
Loan term: from 3 months – 15 months
Unsecured Loans Offered? Yes
Easy Online Application: Yes
Response Normally Within: 3 Days
Documents Required to Apply: Bank statements for the last 4-6 months, merchant statements for the last 4-6 months, a driver’s license for the business owner.
Requirements to Apply: Operating for at least 6 months, minimum turnover of $10,000/month.
Minimal Interest Rates: No interest rates. Capify sets a total payback amount in your loan contract which is paid as part of your consistent monthly repayment.
General Feedback from Clients Online: Capify generally has positive feedback from borrowers online. Borrowers are pleased with the efficient application process and the ease of the lending process.
Awards and Recognition: Included in Inc.’s 5000 list, 2016; Australian Business Banking Award for Best Business Lender, 2016; Finalist for Small Business Excellence WSABE Award, 2016.
Website Address: https://www.capify.com.au

Short Summary:

The winner of the 2016 Australian Business Banking Awards for Best Business Lender doesn’t need much interpretation for our side. Capify is obviously among the top 3 largest and most respected lenders in the Australian small business loan market. It is one of the most flexible and exciting platforms to use, requires the least documents and information to make a choice, and is one of the quickest to decide and fund. We recommend checking your eligibility for free using the button below.

 

Company Story

 

Capify Australia Logo

Capify is one of Australia’s primary lenders. Their application process takes as little as 60 seconds, and they are known for their fast application turnaround time – usually 3 business days to be approved and funded. Capify offers flexible loan repayment dates, a wide range of loan amounts, and their costs are minimal. They have a significant number of online reviews for an interested borrower to explore – and most of them are positive. Borrowers are generally pleased with their customer service and the lending process as a whole.

Capify has been in business for over 13 years and has financed over $100,000,000 for Australian business owners. They focus on service as well as simplicity. Despite not being a traditional bank lender, they’ve won several awards for business excellence and for excellent business lending practices and services. Additionally, Capify services both Australia as well as the UK, US, and Canada. This range is impressive.

Their Managing Director of Capify Australia, John de Bree, states that they value small businesses and work to provide, “simple, quick and responsible access to funding.” This is all outlined in Capify’s “Bill of Rights” which is intended to outline their mission and values. Their Bill of Rights is this: “Transparent, Responsible, Unwavering, Ethical.” This summarizes to “True” Business Lending – and they plan to stick by these philosophies no matter where the industry changes or shifts.

 

Capify Client Reviews

 

– TrustPilot Australia: 206 Reviews, 206 Positive, 9.5 / 10 Total Score (Excellent)
– BestCompany.com: 1 User Review, 1 Negative, 2.8 / 10 Total Score
– Merchant Maverick: 1 Review (article), 3 / 5 Total Score

Analysis of Client Reviews:

There are over 200 Capify reviews online. The vast majority of them range from excellent to average – with a few disgruntled borrowers thrown in, as well. Primary complaints are that the company is just too big, and that translates to a lack of service. Positive reviews state that the application and lending process is easy, response time is fast, and their instant quote service is helpful.

Capify.com.au Website:

Capify’s website is what you would have expected from one of the most recognizable names in the world of business financing in Australia. Smooth, mobile friendly, and informative website that can be used by both seasoned SME owners and newcomers to the world of online financing.

 

Capify Loan Compatibility

 

  • Startup: No, Capify only works with companies which have been in operation for at least 6 months.
  • Bad credit: Yes, Capify typically doesn’t require personal financial records.
  • Sole trader: Yes, Capify has no requirements regarding whether or not they work with sole traders.
  • Established business: Yes, Capify will accept established businesses.
  • Turnover: Capify does require at least $10,000/month turnover.