JD Capital Finance business loans review 2024

Looking for a business loan? Find out what JD Capital Finance has to offer.

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A business loan is a popular way for businesses to borrow the funds they need to expand and grow. They enable businesses to borrow a lump sum of cash that’s then repaid in monthly instalments over a set term.

This review looks at the business loans available from JD Capital Finance.

Compare JD Capital Finance business loans

Table: sorted by loan terms

Name Product Finder Score Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
JD Capital Finance Secured Business Loan
3.0
★★★★★
Secured loan
£25,000 to £5,000,000
No specified loan terms
£100,000 annual turnover,
no specified minimum time trading
JD Capital Finance Unsecured Business Loan
3.8
★★★★★
Variable rate Unsecured loan
£10,000 to £500,000
No specified loan terms
£100,000 annual turnover,
12 months trading
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Other popular business loans

Table: sorted by loan terms, promoted deals first

Name Product Finder Score Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
Portman Finance Business Loan
3.9
★★★★★
Fixed or variable rate Asset finance loan
£10,000 to £2,000,000
3 to 72 months
£100,000 annual turnover,
1 year trading
Representative example: Borrow £30,000 over 3 years at a rate of 7.26% p.a. (fixed). Total payable £36,537.84 in 36 monthly repayments of £1014.94.
iwoca
3.8
★★★★★
Variable rate Unsecured loan
£1,000 to £500,000
1 to 24 months
No specified minimum turnover or time trading
Your business loan rate varies based on your circumstances. Interest applies only to your outstanding balance on days you use the loan – there are no early repayment fees. Limited companies only.
Representative example: Borrow £10,000 over 12 months at a rate of 40% p.a. (variable). Representative APR 49% and total payable £12,294.
iwoca Flexi-Loan
3.8
★★★★★
Variable rate Unsecured loan
£1,000 to £500,000
1 to 24 months
£25,000 annual turnover,
6 months trading
Your business loan rate varies based on your circumstances. Interest applies only to your outstanding balance on days you use the loan – there are no early repayment fees. Limited companies only.
Representative example: Borrow £10,000 over 12 months at a rate of 40% p.a. (variable). Representative APR 49% and total payable £12,294.
Funding Options Unsecured Loan
4.5
★★★★★
Unsecured loan
£1,000 to £20,000,000
12 to 72 months
£5,000 per month annual turnover,
6 months trading
Representative example: Borrow £50,000 over 24 months at a rate of 7.63% APR. Monthly repayment of £2,252.94 and the total amount payable is £54,070.56.
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What is JD Capital Finance?

JD Capital Finance is a finance broker (not a direct lender) that was founded in 2017 by Jamie Davies. It’s a firm of funding specialists that assist business owners with getting finance for their company. It works with a panel of more than 250 lenders and focuses on a number of different markets.

Pros and cons

Pros

  • Range of different business loans to choose from
  • Easy application process
  • High borrowing amounts

Cons

  • Fees may be payable depending on your choice of loan
  • JD Capital Finance only has access to a panel of lenders, not the whole market
  • You’ll need to meet the eligibility criteria

What types of business loans does JD Capital Finance offer?

JD Capital Finance offers a range of different business loans, as outlined below:

Recovery Loan Scheme

The Recovery Loan Scheme (RLS) is a government initiative designed to support businesses affected by the Covid-19 pandemic. The scheme was extended in August 2022 and will now run until 30 June 2024. Through the scheme, you might be able to borrow up to £2 million, and you can then use these funds however you wish. You can apply for the RLS even if you’ve already borrowed under the Bounce Back or Coronavirus Business Interruption Loan Schemes (BBLS or CBILS).

Interest and fees charged depend on the lender.

Short-term business loans

Short-term business loans typically last from as little as 1 month to up to 12 months. These loans are unsecured, and they can be a good choice if you need a quick cash injection that can be repaid over a few months. You can typically borrow between £10,000 and £500,000, and you’ll often receive the funds in as little as 24 hours. You might even be able to borrow if your business has a poor credit rating.

Working capital loans

A working capital loan is similar to a standard loan but is designed to increase working capital and your cash flow. You can use the funds for day-to-day expenses such as bills and rent. The loan is unsecured and typically needs to be repaid after 12 months.

Secured business loans

Secured business loans need to be secured against an asset, such as property. Because of this security, interest rates can be more competitive compared to unsecured loans, and you can usually borrow a larger sum of cash. This makes them a good option for business expansion, buying new equipment and consolidating debt.

The amount you can borrow depends on the value of the assets you own, and interest rates start from 0.5% to 1% per month. Note that secured loans can take longer than other loan types to process, as the asset you’re using as security will need to be valued. Also, be aware that if you are unable to keep up with your loan repayments, your asset could be at risk.

Unsecured business loans

With an unsecured business loan, you don’t need to use an asset as security, which means this type of loan is less risky for the borrower. However, unsecured loans are riskier for the lender, so interest rates tend to be higher and borrowing amounts smaller.

An unsecured business loan can typically be transferred into your account within a few days, and you might be able to borrow between £10,000 and £500,000.

Startup loans

If your business is just starting out, a startup business loan can enable you to secure your cash flow and invest in stock, staff or premises. It’s an unsecured loan, and the amount you can borrow depends on factors such as how soon you expect the business to start generating cash, how much capital you’re putting into the business and what needs to be paid for before you can start trading.

Key features of JD Capital Finance business loans

Some of the key features of JD Capital Finance business loans include:

  • Flexibility. You can usually use the funds for a range of purposes, whether you’re looking to hire staff, expand your premises or pay bills.
  • High borrowing amounts. You might be able to borrow up to £10,000 to £5,000,000, depending on the loan.
  • Wide range of lenders. JD Capital Finance works with more than 250 lenders to help you find the right loan.

Quick overview of JD Capital Finance business loans

Minimum trading period 12 months
Loan terms Terms not specified
Loan amounts From £10,000 to £5,000,000
Minimum turnover £100,000

JD Capital Finance customer reviews

JD Capital Finance is highly rated on review site Trustpilot. It scores 4.7 out of 5 from more than 160 reviews (updated August 2023), giving it an “excellent” rating.

Positive comments focus on the professional, knowledgeable and helpful customer service team, as well as the fast access to funds.

Am I eligible for a JD Capital Finance business loan?

Exact eligibility criteria depends on the loan you want to apply for, as well as the lender. Each lender will want to be confident that your business is genuine and profitable.

Generally, you’re likely to need a minimum turnover of £100,000 unless you’re a startup. You’ll also need to be a UK-based registered company (usually limited), and you might need at least 1 year of accounts.

You’re more likely to be accepted if you have a good credit rating, but some providers are more lenient than others and might still accept you with a poor credit history.

JD Capital Finance application process

To apply for a business loan with JD Capital Finance, you’ll need to first get a quote on the website, which won’t affect your credit score. You’ll need to provide details, including how much funding you need, when you need the funds and what they are for. You will also need to provide a few personal and business details.

Depending on the loan type, it can often be arranged within 1 to 2 days. Secured loans take longer.

Alternatives to business loans

If you’re not sure if a business loan is right for you, there are some alternatives to explore.

A business credit card

A business credit card is a flexible way of borrowing funds and can be a useful way to manage cash flow. You are given a line of credit up to a set amount, which you can then use as and when needed. You then repay the amount borrowed in monthly instalments, but repayments are not fixed as they are with a loan. If you can afford to pay off the balance in full each month, you won’t be charged interest.

Compare business credit cards

Asset finance

Asset finance can enable you to acquire business equipment, machinery and vehicles without the need to pay for them upfront. You can do this through hire purchase and lease financing, and payments are usually fixed. Depending on the agreement, you might be able to keep the asset at the end of the term, return it, upgrade it or continue leasing it.

JD Capital Finance offers asset finance.

Learn more about asset finance

Invoice finance

This lets you borrow money based on what customers owe you, helping you to get paid faster. Instead of waiting for your invoices to be paid, a third party advances you a large percentage of the invoice value upfront. When the invoices are due, the third party collects the money from the client, and you’re paid the remaining balance, minus any fees. You can apply for invoice finance with JD Capital Finance.

Learn more about invoice finance

Government grants

A government grant is a sum of money awarded to a business to help it grow, but unlike with a loan, you don’t need to repay the money. You can choose from hundreds of different grants, but some may be restricted to particular areas in the UK as well as certain sectors.

Crowdfunding

Equity crowdfunding is a way of raising funds from a ‘crowd’ of investors, such as individuals or organisations. In return for their investment, they might get a share in your company.

Angel investors

Angel investors are high-net-worth private individuals who invest their own money into your business in return for a stake in the company.

Frequently asked questions

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.

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