Capalona Introduces New Business Loan Comparison Engine for SMEs is delighted to unveil its enhanced business loan comparison service, now offering comprehensive information such as example costs, rates, monthly loan expenses, and total repayment figures for lender products. The user experience has been further improved with the addition of expandable panels providing borrowers with more in-depth product details.

These updates make it even simpler for business owners to make well-informed decisions regarding their funding options. This fintech brand eliminates the need for business owners to engage with brokers by providing a self-serve tool that presents business finance options within seconds.

Customers can now effortlessly view and compare rates from each matched lender and product, enhancing their online search and application experience for business funding.

The business loan comparison service is completely free to use, and there is no obligation to accept any loan offer.

Based in North Wales, Capalona collaborates with reputable UK lenders that employ Open Banking to assess borrower eligibility and provide real-time lending options. They integrate with a diverse range of bank and non-bank lenders, offering services such as business loans, revolving credit facilities, invoice finance, merchant cash advance, and more.

The online business finance marketplace is available for free to business owners, catering to startups as well as established SMEs, granting them access to funding options and example rates from multiple lenders.

“Navigating the business finance landscape can be challenging; I’ve experienced it myself,” says Rich Wilcock, Co-Founder at Capalona. “Searching for business finance can often overwhelm business owners, which is why we created Capalona. We aimed to provide a solution that simplifies the process of finding and comparing business finance. Our platform helps guide business owners to suitable lenders within minutes.”

“We are continuously improving our comparison platform, and our next step is to embrace real-time data through Open Banking and Open Accounting. By harnessing this technology, we can not only better serve our customers by offering real-time offers, but also benefit our lenders,” says Simon Moorcroft, Co-Founder at Capalona.

“By combining indicative rates from lenders with our user-friendly interface, we empower business owners to make well-informed financial decisions with ease,” adds Jamie Moorcroft, Co-Founder at Capalona.

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