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Capital On Tap Eligibility: Ltd, LLP & PLC Criteria
By Afshin · · 6 min read · Updated
Capital On Tap publishes core criteria for UK Ltd, LLP and PLC applicants, but meeting them does not guarantee approval. This guide separates those criteria from turnover guidance that differs across the issuer's pages, and explains which credit searches happen during the application.
1. Company Type
The issuer lists UK private limited companies (Ltd), limited liability partnerships (LLP) and public limited companies (PLC) as eligible structures. The company must be registered at Companies House and shown as active.
- Private Limited Company (Ltd)
- Limited Liability Partnership (LLP)
- Public Limited Company (PLC)
2. Trading History
The application asks for your average monthly business turnover. The issuer's pages differ: one says there is no minimum trading-history requirement, while another quotes £2,000 monthly turnover. Treat that figure as published guidance, not a guarantee of approval, and confirm the current requirement with Capital On Tap before applying.
3. Director Requirements
The issuer says an applicant must be an active UK director or a shareholder with at least 25% ownership. It also says neither the applicant nor the business can have unsatisfied CCJs in the last 12 months, and the business must not be in a high-risk industry. The issuer makes the final decision based on its full assessment.
4. Credit Profile
Capital On Tap does not publish a minimum personal credit-score threshold in the criteria reviewed for this guide. It says the initial application includes a soft search on the applicant's personal credit file and a hard search on the business file after the credit agreement is signed. A personalised offer is subject to the issuer's checks.
5. What Documents You'll Need
The issuer asks applicants to have these personal and business details available:
- Your name, home address, date of birth and contact details
- Business legal name, registered address and company number
- Average monthly business turnover
- Bank account details for card-payment settlement
What If You're Declined?
If the issuer declines an application, follow the information it provides or contact its support team. Public criteria do not reveal every part of the underwriting decision, and a particular turnover figure or credit score should not be treated as a promise of approval.
If you qualify, applying with referral code 2REFY893A52 adds a £75 welcome bonus to your account on top of normal eligibility.
Frequently asked questions
- Can a sole trader get Capital On Tap?
- The issuer currently lists UK Ltd, LLP and PLC businesses as eligible structures. Check its current criteria to confirm whether your business can apply.
- Does Capital On Tap do a hard credit check?
- The issuer says it makes an initial soft search on the applicant's personal credit file. It carries out a hard search on the business file once the credit agreement is signed.
- How long does my company need to be trading before applying?
- Capital On Tap's eligibility article says there is no minimum trading-history requirement. Its public pages differ on a numeric turnover threshold, so confirm the current requirement with the issuer; no single figure guarantees approval.
Ready to apply?
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Use the referral link; it carries the code. Check that the code appears in the application and enter it manually only if it is missing. Any reward is subject to current terms. See the full referral guide.
Apply with referral link →Issuer sources
Check the issuer's current criteria, offer and agreement before applying.