Capital on Tap secures up to GBP 200 million from NatWest

Capital on Tap has secured up to GBP 200 million in funding from NatWest. The arrangement is supported by an ENABLE Guarantee from the British Business Bank.

Funding for small business lending

The funding is intended to expand Capital on Tap’s ability to provide working capital to smaller businesses. The company specialises in this market and offers a business credit card for small business owners.

More than 300,000 small business customers in the UK have used Capital on Tap cards. Their transactions have totalled more than GBP 40 billion.

How the ENABLE Guarantee works

The British Business Bank’s ENABLE Guarantees programme is designed to encourage additional lending to smaller businesses. Participating lenders pay a fee in return for a government-backed guarantee covering defined portfolios of debt finance. NatWest said that the guarantee covers part of its funding commitment to Capital on Tap.

By October 2026, the programme had completed 23 transactions with 16 delivery partners. These transactions supported more than GBP 7 billion in lending. The government’s 2025 Spending Review increased the programme’s capacity from GBP 2 billion to GBP 5 billion.

More capacity to provide working capital

Damian Brychcy, CEO of Capital on Tap, described the ENABLE Guarantee as infrastructure that supports the UK economy and small business owners. He said the partnership with NatWest and the British Business Bank would give Capital on Tap more capacity to provide the working capital businesses need.

Reinald de Monchy, Chief Banking Officer at the British Business Bank, said the guarantee strengthens the funding NatWest can provide to Capital on Tap. This, in turn, creates additional capacity to lend to smaller businesses that need funds for their day-to-day operations.

George Ross, Head of Speciality Finance at NatWest, said the bank looks forward to working with Capital on Tap as it continues to grow in the business credit card market.