SAPI Loans FAQs

Find answers to commonly asked questions regarding SAPI Loans.

How SAPI Loans Works

What is SAPI Loans?

SAPI Loans provides access to funds to grow your business, with no hidden fees or lengthy applications to fill out. Upon approval, funds are deposited as soon as the next business day – so you can invest in your business immediately to increase inventory, purchase equipment, hire employees and more.

What is the repayment length of my loan?

Your loan must be fully repaid within 18 months.

Learn how to download your loan agreement in your SAPI Loans Dashboard.

Is there a minimum payment?

Yes, you’re required to pay at least 1/18 of your initial loan balance every 60 days to make consistent repayment progress. For most SAPI Loans business customers, regular processing volume will cover the minimum payment.

Note: If you just make the minimum payment, you will only pay down half the total owed balance of your loan. You will owe the remaining balance upon the maturity date of your loan and may be debited for that amount.

What interest rate and fees apply?

There are no ongoing interest charges. Instead, you will pay one fixed loan fee to borrow the loan. The loan fee is the difference between the total owed amount and the initial loan amount. The loan fee will never change, regardless of how quickly or slowly the loan is repaid.

Additionally, there are no application, prepayment or late fees.

When will I receive the funds?

Upon approval, funds will be disbursed immediately. Depending on your bank, in most cases, you may receive it on the same day or by the next business day.

However, please know that the time that it takes for those funds to be available to you will depend on your bank’s processing speed. It can take some banks up to three business days to process this deposit if there are internal flags from their end. For more information about your bank’s processing speed, please contact us.

Can I cancel my loan?

You can cancel your loan application while it is still processing, or within two business days of loan origination. For more information, view our cancelling your Application or Loan through SAPI support centre article.

Can I change my loan amount after funds have been deposited?

Once you have selected an offer, we’re unable to change the loan amount. If you’d like to cancel your loan after it has been funded, you can do so before a decision is made on your application or within two business days of funding. Please note, if you cancel your loan, a subsequent offer is not guaranteed.

Can I change my repayment rate after I accept my offer?

You are not able to adjust your repayment rate after you apply for your offer. The repayment rate is tied directly to your loan offer size and is based on a number of factors, including your business’s history with SAPI, as well as payment processing volume.

Does applying for SAPI Loans hurt my credit rating or require collateral?

Applying for a loan through SAPI doesn’t affect your credit rating. Additionally, we don’t require collateral for business loans of £75,000 or less, and we never require a personal guarantee. Learn more about Your Credit Rating and SAPI Loans FAQ.

Is the loan fee VAT inclusive or exclusive?

The loan fee that is added on top of your SAPI Loan is VAT exclusive.

SAPI Loans Collateral

Is collateral required to obtain a loan through SAPI?

We do not require collateral for loan amounts of £75,000 or less. For loan amounts over £75,000, we may take a security interest in your business assets.

Is a personal guarantee required?

For the majority of our loan offer, SAPI does not ask for a personal guarantee on your loan. However, for loans that are deemed the riskiest (e.g. high Loan-to-Income Ratio, or companies with adverse credit history), we may ask for a personal guarantee on a case-by-case basis.

Loans Statement

All loans are issued by SAPI Group Limited. Companies House No. 12014174. Valid bank account is required. Actual fee depends upon payment card processing history, loan amount and other eligibility factors. A minimum payment of 1/18th of the initial loan balance is required every 60 days and full loan repayment is required within 18 months. Loan eligibility is not guaranteed. Eligibility criteria include consistent and continuous payment card processing. All loans are subject to credit approval. Terms and conditions apply.

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