Alternative business funding up to £150k for UK SMEs

Discover flexible, unsecured alternative sources of finance for your business. Suitable for established and growing firms.

Alternative business funding in the UK

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Flexible, controllable funding, tailored to your specific needs.

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Alternative business finance solutions are boosting UK businesses

The days when banks were the main source of business loans are long gone. Alternative funding sources are on the rise, particularly now that lenders are taking more advantage of the internet.

Alternative sources of finance available to businesses today include peer to peer lending (P2P), venture capital, business angels, crowdfunding and various forms of asset based lending and invoice finance.

Despite the apparently high profile of these alternative business funding options, many firms seem to be unaware of them. Instead, they are still looking to traditional lenders, such as banks, for help.

Alternative lending in the UK

Alternative business finance solutions are boosting UK businesses

The days when banks were the main source of business loans are long gone. Alternative funding sources are on the rise, particularly now that lenders are taking more advantage of the internet.

Alternative sources of finance available to businesses today include peer to peer lending (P2P), venture capital, business angels, crowdfunding and various forms of asset based lending and invoice finance.

Despite the apparently high profile of these alternative business funding options, many firms seem to be unaware of them. Instead, they are still looking to traditional lenders, such as banks, for help.

Alternative business funding for UK businesses

Alternative business funding through Spotcap unsecured finance

Spotcap is an alternative business funding source that sits in the gap between traditional banks and other suppliers of business finance. Our funding model is a hybrid between a line of credit and a business loan.

We use a unique risk assessment and credit scoring system that looks at current business performance. This allows us to offer unsecured business loans to firms who may be turned down by more traditional credit scoring processes.

Because our method of alternative finance is so flexible, it is used by businesses in many different industries including manufacturing, retail, hospitality and healthcare. It is a popular alternative to other forms of lending such as traditional business loans, overdrafts and asset finance.

What are the alternative sources of funding available to UK businesses?

It’s easier than ever to find an alternative business funding solution that matches your requirement for raising working capital

  • Peer to Peer (P2P)

    Peer to Peer lending allows private investors to create a pot of capital from which businesses can borrow. Made easy by the internet, it’s become a very popular form of alternative business finance.

  • Crowdfunding

    Made possible by the internet, crowdfunding also allows individuals to form an alternative funding source, but investors usually pay smaller amounts and expect a reward rather than a return of their funds.

  • Venture capital

    This is a business that does business by lending to others in return for a share of the equity. This form of alternative finance also provides business advice from the venture capitalists.

  • Business angels

    A business angel is an individual who chooses to invest in a company in return for a share of the ownership. Like venture capital, this form of alternative funding also comes with advice from the angel.

  • Asset finance

    Unlocking the value of business assets to provide working capital isn’t a new approach to alternative business finance. However, the internet has made it much easier and asset finance now takes many different forms.

The top industries embracing alternative business funding

Businesses across a wide variety of industries are discovering and taking advantage of the opportunities presented by alternative sources of funding. The sectors benefiting from alternative lending include:

The key facts about an alternative business finance from Spotcap

Loan amount

Your business could benefit from an alternative business loan of between £10k and £150k.

Loan terms

An alternative loan from Spotcap begins as a line of credit. Draw down what you need and it becomes a business loan, usually repayable monthly over 7 to 15 months. In addition, in the early months, you can choose how much of the loan to draw down.

Criteria to qualify

Spotcap alternative finance is available to businesses who have been operating in the UK for at least 24 months with a minimum turnover of £250k and have a UK bank account.

Interest rates

The interest rate on your alternative business finance will reflect market conditions and your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments.

Our business loans reviewed

Business loan repayment calculator

  • Amount
    £100,000
  • Time
    12 months

£9,340

Monthly Repayment

For illustrative purposes only. The example shown above is based on 1.8% average monthly interest rate and 2.0% arrangement fee. The APR is . We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

Monthly Repayment

£9,340

  • Amount
    £100,000
  • Time
    12 months
For illustrative purposes only. The example shown above is based on 1.8% average monthly interest rate and 2.0% arrangement fee. The APR is . We base our decisions on several criteria and loans can only be granted to borrowers who can afford repayments. For more information about responsible lending click here or contact us directly.

How to apply for your alternative business funding from Spotcap

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Sign up

Applying for an alternative loan begins with you entering basic personal and business information.

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Complete the application

To finalise your loan application, link your accounting software or upload financial statements, along with bank statements.

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Get approval

Once approved, you’ll have access to your alternative business loan within one working day.