Can sole traders get Capital On Tap?

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Afshin · Accepted Answer

No. Capital On Tap only accepts UK Limited Companies (Ltd) and Limited Liability Partnerships (LLP). Sole traders and ordinary partnerships are not eligible. If you operate as a sole trader, alternatives include American Express Business cards, Tide credit, or applying personally with a personal credit card and tracking business spend separately. This is the most common reason for rejection. If you are a sole trader who wants to apply for Capital On Tap, the route is to incorporate as a Limited Company first and then build up to £24,000+ annual turnover (~£2,000/month) through the company's business bank account before applying. There is no published minimum trading-period requirement but underwriters need to see verifiable turnover above the threshold.

Can sole traders get Capital On Tap?

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