Capalona Introduces Enhanced Business Loan Comparison Engine for SMEs

Capalona.co.uk is thrilled to unveil its newly enhanced business loan comparison service, offering SMEs a comprehensive tool to compare business finance products. The upgraded platform now includes example costs, rates, monthly loan expenses, and total repayable amounts for each lender’s products. Additionally, borrowers can access expanded panels providing more detailed information about each product.

These updates significantly simplify the decision-making process for business owners, enabling them to make well-informed choices regarding their funding options. Capalona, a fintech brand, eliminates the need for brokers by offering a self-serve tool that presents business finance options within seconds. Customers can now effortlessly view and compare rates from various lenders and products, streamlining their experience when searching for and applying for business funding online.

The business loan comparison service is completely free to use, with no obligation to accept any loan offers. Capalona, based in North Wales, collaborates with a range of trusted UK lenders that leverage Open Banking to assess borrower eligibility and provide real-time lending options. They integrate with both bank and non-bank lenders, offering diverse financing solutions such as business loans, revolving credit facilities, invoice finance, and merchant cash advances.

Capalona’s online business finance marketplace is available to business owners of all sizes, from startups to established SMEs, offering access to funding options and example rates from multiple lenders.

Rich Wilcock, Co-Founder at Capalona, shared his experience, stating, “Navigating the business finance landscape can be challenging—I’ve been there myself. Searching for business finance is typically overwhelming for business owners, which is why we created Capalona. We wanted a solution that simplifies the process of finding and comparing business finance. Our platform guides business owners to suitable lenders within minutes.”

Simon Moorcroft, Co-Founder at Capalona, explained the company’s future plans, saying, “Our comparison platform is continuously evolving, and our next step is to embrace real-time data through Open Banking and Open Accounting. By harnessing this technology, we can offer real-time offers not only to our customers but also to our lenders.”

With indicative rates from lenders combined with a user-friendly interface, Capalona empowers business owners to make informed financial decisions effortlessly. Jamie Moorcroft, Co-Founder at Capalona, highlighted the platform’s benefits, stating, “Through our user-friendly interface and lender rates, we enable business owners to make informed financial decisions with ease.”