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Financing Eligibility
How is eligibility determined?
How is eligibility determined?
Tu Duong avatar
Written by Tu Duong
Updated over a week ago

We know that securing a loan for your business can be a complex process, and we're here to provide clarity on how eligibility is determined for SAPI Loans. We assess your business comprehensively, taking into account various factors to ensure that you can comfortably manage loan repayments. Meeting one or more eligibility factors is crucial, but it doesn't guarantee eligibility; all criteria must be met.

To evaluate eligibility, we conduct daily anonymized affordability assessments, generating a pre-assessed amount for eligible businesses to encourage loan applications. Our assessments consider the following factors:

  • Location: Your business must be based in a country where SAPI operates. If you're not sure whether we operate in your location, please contact our Customer Support team.

  • Age of Business (as per Companies House or local register): Your business must have been registered for at least 12 months.

  • Trading History on SAPI's Partner's platform: Your business must have a minimum of 3 months of activity history with a platform with which SAPI has a partnership, and the business must remain active during this time.

  • Minimum Revenue Threshold on the platform: Your business must generate a minimum of £500 in monthly revenue on the platform.

  • Transaction Frequency: Your business must meet our requirements for transaction frequency on our Partner's platform.

  • Prohibited Merchant Category Codes (MCCs): Your business must not fall into SAPI's list of prohibited MCCs.

These criteria ensure that a business can only apply for SAPI loans if it demonstrates the affordability of loan repayments throughout the loan term. Each loan application is evaluated individually, with a focus on the financial capacity to repay the loan. If your business meets our eligibility criteria, you can receive a pre-assessed amount of up to 20% of your revenue on our Partner's platform.

We hope this provides a clearer understanding of our eligibility criteria. If you have any questions or concerns, please don't hesitate to contact our Customer Support team. We're always here to assist you.

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