Federal Capital Limited Reviews 

Have been very helpful quick and efficient.Much appreciated.

I have been with federal capital for years
So easy to deal with

Less ambiguous and straightforward easy process

The speed by which the loan was processed was amazing

It was very speed up service and I am happy about their service.

The fastest facility I’ve ever used courtesy of Pmd finance.

These guys at federal moved a mountain in 5 hours I was shocked and very grateful the fastest service ever

We had a fantastic experience and couldn’t be more grateful for the support we received in securing finance for our business.

From the very beginning, the whole process was handled professionally, efficiently and with excellent communication. Everything was clearly explained, we were kept updated throughout, and any questions we had were answered promptly.

Securing the loan has provided our business with the financial support needed to continue moving forward with our plans, and having someone knowledgeable to guide us through the process made a real difference.

We would highly recommend their services to any business looking for support with securing finance. Thank you again for all your help, professionalism and dedication — it has been genuinely appreciated.

Quick, smooth and very fast

Compared to other known lenders, Federal were simple to deal with, fast and were able to supprt us with the funds we needed.

Proactive, human, understanding needs of clients, efficient and excellent customer service. Will try to pay early and come back for more! Thank you. Our business will begin to blossom.
Continue with your anazing customer care.

Regards

Quick and easy

After being a Federal Capital customer, and encountering difficulties paying back the loan, here’s an overview of my experiences with them. The following information is accurate and can be corroborated. Anything that could be regarded as my opinion is fair and accurate, based on my experiences.

FC lend quickly and are less fussy than other lenders, so if you’re happy with the high interest and are 100% sure you will be able to pay all instalments on time (or almost on time), then fill your boots. However, if an unforeseen problem causes a delay in paying them, you may end up like me and have many sleepless nights ahead.

Two separate unforeseen external problems affecting cashflow happened to us over the course of the year that we were dealing with Federal Capital, and based on their actions the following information is hard-earned.

Ideally get legal advice before signing their contract. Check if your contract has both a personal guarantee, and clauses that say (like in our contract), if you are more than 5 days late with a payment, they can take legal action to retrieve the full amount, plus interest and legal costs.

When one of our payments went 11 days overdue, they hand-delivered a ‘Statutory Demand under Section 268(1)(a) of the Insolvency Act 1986’ requesting the full amount, plus interest and legal fees, unless the account was brought up to date (though the £360 legal fees still had to be paid regardless). Their solicitor’s letter said: ‘You have 21 days from the date of receipt to formally respond to the Demand failing which it is likely that a Bankruptcy Petition will be submitted to Court for issue and service upon you.’

I have never seen or heard of actions as extreme as this happening with reputable lending companies after going less than 2 weeks overdue with a payment. In case any of FC’s 5-star reviewers come across payment problems in future, I hope this information helps them.

Most of the people on FC’s first and second-line accounts support teams are willing to discuss the account and make an arrangement if payments continue to be made, which happened in our case as it was a short-term problem.

It is often better to call them rather than just email, but follow up your conversations in writing. However, if you are late with payments and are unable to agree a payment plan or interim instalments, don’t be surprised if (like in our case) they don’t allow breathing space.

After we were hit with another unforeseen cash-flow problem 7 months later, they allowed us 2 months of reduced payments, which I appreciated. I then requested a 30-day breathing space as we were unable to agree a payment plan at the time, but expected things to improve as the root cause of the cashflow problem had been recently identified and fixed.

Rather than negotiating, they responded that they were passing it to Legal. Because there was already an expired Statutory Demand on the account from the first payment delay, a court claim was emailed and posted to both the business and me (as guarantor) within a few working days. I had expected that someone from Legal would have called me first to discuss the account, but that didn’t happen.

I was genuinely shocked. We had repaid almost all of the original capital, had kept them informed throughout, and had asked for 30 days' breathing space. The response was a court claim naming me personally. So it’s always best to agree a payment plan where possible instead of it going to Legal.

If you receive such a court claim, they will add additional interest and court fees (in our case totalling £2,414.28), but they agreed to waive these if we settled the account in full within a few days.

If you owe less than £5k in total, they can’t make you bankrupt, but be aware that interest accrues daily. Also, liquidating your business does not stop the personal guarantee.

Note that a couple of the 1-star reviews below (and their many 1-star Google reviews) mention running into similar problems, though I can’t vouch for the accuracy of those reviews. Your finance broker may not be aware of FC’s practices above, so don’t go by their advice alone.

Take all precautions as FC’s own Terms of Business document advises: ‘If you have any doubt that your business cannot afford to repay this loan, you should not sign this agreement.’ Had I known what lay ahead when considering the loan, I would have looked for alternative funding from a more humane lending company.

Quick, easy, and completely effortless. Huge thanks to Jake W for making the whole lending process smooth from start to finish. 10/10 would recommend

Very helpful and easy to communicate with

Eddie is a Top Man

quick, reliable and proffesional.