Loans Eligibility FAQs
For eligible borrowers, SAPI Loans offers exclusive access to business loans to grow your business. You can check your business’s eligibility by going to the Loans tab of your online SAPI Dashboard and by keeping an eye on your email inbox.
Check your business’s eligibility for SAPI Loans through commonly asked questions below.
How do I check if I am eligible?
If you don’t see an offer in your SAPI Dashboard, your business isn’t currently eligible to apply for SAPI Loans. But keep in mind that SAPI accounts are reviewed for eligibility on a daily basis. Offer eligibility is based on a variety of factors related to your SAPI account, including payment processing volume, account history and payment frequency. The more you use SAPI, the more likely you are to become eligible for an offer through SAPI Loans.
What happens now?
How is eligibility determined?
There are many factors that may affect your eligibility, and accounts are evaluated as a whole. This means that meeting one or more eligibility factors doesn’t guarantee that you’ll be eligible for a loan offer – your business needs to satisfy all criteria to be eligible.
Your business’s SAPI processing volume is just one of many considerations used to determine eligibility.
Here are a few examples of the things that are considered when evaluating your business for an offer:
- SAPI processing volume: In general, businesses that have processed at least £10,000 or more in a year are more likely to be eligible for an offer.
- SAPI payment frequency: The frequency of card payments you process through SAPI matters. If you consistently take payments, you’re more likely to get noticed. To us, a steady pattern of taking payments shows that you have a healthy business.
- Your customer mix: A good mix of new and returning customers shows us that you’re growing in different ways. You can use SAPI’s analytics tools to understand your customer base better.
- A healthy, growing business: The size of your loan offer is generally shaped by how much you process through SAPI.
Why is my business not eligible for a loan right now?
Looking for another loan offer?
Will I be eligible for a new loan if I pay off my current loan through SAPI early?
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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