Specialist lender Capital on Tap has secured up to £200m of funding from NatWest, supported by an ENABLE Guarantee transaction from the British Business Bank.
The funding will facilitate Capital on Tap’s lending to smaller businesses that need flexible working capital.
Capital on Tap provides flexible working capital via its business credit card, built specifically for small business owners.
More than 300,000 small business customers have used their Capital on Tap business credit cards for more than £40bn of transactions in the UK.
The ENABLE Guarantees programme is designed to encourage additional lending to smaller businesses.
Participating institutions are supported by a government-backed guarantee on defined portfolios of debt finance in return for a fee.
NatWest said a portion of the senior commitment is backed by the guarantee.
Damian Brychcy, chief executive of Capital on Tap, said: “The ENABLE Guarantee is the type of infrastructure that helps accelerate the British economy and helps small business owners.”
He added: “This partnership with NatWest and the British Business Bank will give us more capacity to provide the needed working capital that small business owners truly need.”
Reinald de Monchy, chief banking officer at the British Business Bank, said: “We’re enhancing the funding NatWest can provide to Capital on Tap, which in turn unlocks additional lending capacity for smaller businesses, helping them manage their working capital needs.”
As at October 2026, the programme had completed 23 transactions across 16 delivery partners since launch, with total lending supported exceeding £7bn.
The capacity of the programme was increased from £2bn to £5bn at last year’s Spending Review, an uplift of £3bn.
Business Secretary Jonathan Reynolds said: “Small businesses are at the heart of our communities, creating jobs and driving growth.”