Uncapped is a company that offers revenue-based financing for founders who want to expand their company without giving up equity or dealing with complicated funding processes.
Nevertheless, this financing avenue is accessible only to companies generating £100k+ in monthly revenue and having at least six months of trading history.
So, if you're looking to discover if Uncapped is the right fit for you or want to learn more about Uncapped alternatives, keep reading!
Uncapped offers different loan options, such as:
1. Fixed-Term Loan
2. Revenue-Based Financing
If your revenues decline or stop, the repayments will also pause accordingly.
3. Amazon Seller Funding
%20(1)%20(1)%20(1)%20(1)%20(1).png)
✅ No requirement for personal guarantees.
✅ No UCC liens.
✅ Rapid decisions within 24 hours.
✅ Revenue-based options without fixed due dates.
✅ No minimum credit score threshold.
❌ Not available in certain states.
❌ Requires a minimum of 6 months in business.
❌ Requires a minimum of $10,000 in monthly revenue.
❌ Lack of phone or live chat support for applicants.
❌ Limited online reviews about their services.
If your business doesn't fit the eligibility criteria, or you don't want to opt for this type of financing, here are 10 Uncapped alternatives worth considering.
Asset-based financing allows companies to borrow money by using their assets as collateral.
These assets could be:
Lenders evaluate the worth of these assets and offer funding based on a percentage of their appraised value.
Furthermore, it mainly benefits companies with valuable assets but limited cash flow.
✅ It’s beneficial for businesses with limited credit history or financial difficulties to access capital.
✅The focus is on the value of the collateral rather than the borrower's creditworthiness resulting in a faster approval process than traditional loans.
✅ It can help businesses boost cash flow and pursue growth opportunities.
❌ Using assets as collateral for a loan can be risky, especially for small businesses or startups with limited funds.
❌ Lenders may require a thorough appraisal of the assets to determine their value before granting financing, which can result in additional expenses for the business.
❌ Companies with few assets may have limited borrowing capacity due to financing being tied to asset value.
Myos is an asset-based finance provider offering product-based financing deals to various retailers in the ecommerce, SaaS, subscription, D2C, and mobile apps industries.
Myos offers two types of funding options:
.png)
Myos uses an AI model to assess the market value of your products, eliminating the need for additional paperwork, credit history checks, or personal guarantees.
This efficient process provides a quick and hassle-free way to access the funds you need for expansion and development.
The application process is quick and straightforward, typically taking only 5-10 minutes, with evaluations completed within 24 to 72 hours.
The financing volume and interest rate are determined by factors like pricing history, competition, visibility, and more, resulting in a personalized financing solution.
Working capital loans from Myos come with monthly fees ranging from 1% to 3% of the total borrowed amount.
.png)
Eligibility requirements for Myos financing are as follows:
When a company needs to raise funds, borrowing money from banks, financial institutions, or private lenders is one option.
This is known as traditional debt financing.
Unlike revenue-based financing, the repayment amount is predetermined and does not change based on the company's revenue.
✅ You retain full ownership and control over the company.
✅ Its fixed repayment schedule makes planning the cash flow and budget for regular payments easier.
✅The interest paid on the debt may be tax-deductible.
✅ It doesn't dilute the ownership of the business.
❌ Some lenders may require collateral, such as assets or personal guarantees, to secure the loan.
❌ High-interest rates can be a significant expense over time.
❌Taking on significant debt may limit the business's ability to borrow in the future, as lenders may be cautious about extending additional credit.
Equity financing involves raising funds by selling company ownership stakes (shares) to investors.
Unlike revenue-based financing, there is no obligation to repay the investment.
✅ Investors become partial owners and share in the business's success without requiring regular repayments or interest.
✅ If the business faces challenges or downturns, the burden is not solely on the entrepreneur's shoulders.
✅The focus is on the business's long-term success, and investors are willing to wait for returns on their investment.
✅ It helps small businesses grow quickly by providing significant capital.
❌ Equity investors get a share of profits, which may mean less for founders than if they kept it all with debt financing.
❌ You may need to compromise on decision-making to accommodate investor interests.
❌ It involves various legal and administrative procedures which could take time and money.
❌ Equity investors anticipate an exit plan to achieve their returns, which could involve selling the company, becoming publicly traded, or providing buybacks.
Venture capitalists invest in high-potential startups and small businesses in exchange for equity.
✅ It provides substantial capital to expand operations and enter new markets quickly.
✅ If the venture fails, the financial burden is spread among multiple investors rather than solely on the entrepreneur.
✅ Funding from top companies can boost a startup's credibility and attract more customers, partners, and investors.
❌ The more funding rounds you have, the greater the dilution of the founder's stake.
❌ Venture capitalists can influence essential business choices, which may cause clashes with the founder's intended direction or plan.
❌ VC investors expect high returns on their investment, putting pressure on startups to achieve rapid growth and profitability.
❌ Venture capitalists typically expect an exit within a few years to realize their returns.
❌ Securing VC funding involves a rigorous due diligence process, requiring startups to disclose sensitive information and undergo scrutiny.
Angel investors provide capital to startups in exchange for equity or convertible debt.
✅ They provide much-needed capital to startups in their early stages, helping them get off the ground and pursue their vision.
✅ Their valuable mentorship, guidance, and industry connections can significantly benefit the startup's growth and success.
✅ Angel investors offer flexible investment terms.
❌ Accepting angel investment means giving up a portion of the company's ownership.
❌ They seek significant investment returns, which can pressure startups to achieve rapid growth and profitability.
❌ Angel investors typically make smaller investments than venture capitalists, which may not be sufficient for startups with substantial capital needs.
❌ Startups face a high risk of failure, and angel investors may lose their investment if the business fails.
Crowdfunding platforms allow businesses to raise funds from many individual investors or donors.
There are different types of crowdfunding, including rewards-based, equity, and donation-based.
✅ It provides access to capital without relying on traditional lenders or investors.
✅ Successful crowdfunding campaigns can serve as market validation, demonstrating demand for the product or service before it is fully developed or launched.
✅ Working together toward a project's success can create a sense of community, leading to brand loyalty and ongoing support.
❌ If you don't meet the funding goal, the project may receive no funds, and the time and effort invested in the campaign could be lost.
❌ Creating compelling content, engaging with backers, and promoting the project requires significant time and effort.
❌ Crowdfunding platforms typically charge fees, which can reduce the amount of funds you receive.
❌ Publicly sharing the project idea or product during the crowdfunding campaign could expose it to potential copycats or intellectual property issues.
When a company needs to raise funds, borrowing money from banks, financial institutions, or private lenders is one option.
This is known as traditional debt financing.
Unlike revenue-based financing, the repayment amount is predetermined and does not change based on the company's revenue.
✅ Its fixed repayment schedule makes planning the cash flow and budget for regular payments easier.
✅The interest paid on the debt may be tax-deductible.
✅ It doesn't dilute the ownership of the business.
❌ Some lenders may require collateral, such as assets or personal guarantees, to secure the loan.
❌ High-interest rates can be a significant expense over time.
❌Taking on significant debt may limit the business's ability to borrow in the future, as lenders may be cautious about extending additional credit.
A line of credit is a flexible form of borrowing that allows individuals or businesses to access funds up to a predetermined credit limit.
You can withdraw and repay funds like a credit card as needed.
The terms and interest rates may vary depending on the business's creditworthiness and the collateral you provide.
✅ Convenient and readily available source of capital for various purposes.
✅ Interest is only charged on the amount of credit actually used, not on the entire credit limit.
✅ It provides ongoing access to funds without the need for multiple loan applications.
✅ Lower interest rates make it a more cost-effective option for short-term financing needs.
✅ Once approved, you can access funds quickly, often through online banking or a credit card linked to the line of credit.
❌ The interest rate can fluctuate with market conditions leading to unpredictable borrowing costs.
❌ If you default on the line of credit, the lender may take legal action to recover the outstanding debt.
❌ Obtaining a line of credit may require a strong credit history and a high credit score.
❌ The revolving nature of a line of credit may lead to overspending or over-borrowing, increasing the risk of accumulating excessive debt.
❌ Some lines of credit may have prepayment penalties, meaning you should pay extra fees if you pay off the balance early.
❌ They are not ideal for larger, long-term investments that require structured repayment terms.
A merchant cash advance (MCA) is a type of financing that provides businesses with a lump sum of cash in exchange for a percentage of their future credit card sales or daily revenue.
✅ They typically have a fast application and approval process.
✅ Repayment of the advance is based on a percentage of future credit card sales. During slower periods, the repayment amount may decrease.
✅ It is a viable option for businesses with limited borrowing options.
❌ The factor rate (the total amount to be repaid) can be significantly higher than the initial advance amount.
❌ The percentage of credit card sales taken as repayment can impact cash flow, especially during periods of high sales volume.
❌ MCAs often have shorter repayment terms, which can lead to higher daily or weekly payments.
❌ It can lead to over-borrowing, potentially resulting in a debt cycle that becomes difficult to manage.
❌ MCAs are not regulated like traditional loans, so you may have fewer consumer protections in disputes.
Some businesses, particularly those engaged in research, development, or socially beneficial projects, may be eligible for government or private grants.
These funds do not require repayment but may have specific usage requirements.
✅ Private grants often target specific areas or causes, providing opportunities for projects aligned with the donor's values and interests.
✅ They offer a more personal connection between the donor and the recipient, fostering potential long-term relationships.
❌ They provide less funding than government grants, limiting the range of feasible projects.
❌ Depending on funding cycles, they may not be available regularly.
❌ You may need to maintain close communication with donors and meet specific expectations.
Each financing option has advantages and disadvantages, and the most suitable choice depends on the specific needs, stage of growth, and business goals.
But, if you are looking for a fast, secure, and reliable Uncapped alternative, Myos financing is the ideal partner for your business.
Experience rapid funding ranging from €10,000 to €2,500,000 without the burden of document submissions or sharing private data.
As an ecommerce seller, you'll enjoy these advantages with Myos:
Are you ready to elevate sales and broaden your customer base?
Seize your business's growth opportunities now with our non-binding offer!
What is Amazon Seller Financing & How to Get It?
.png)
.png)
