The new approach to asset finance for UK businesses

The effective solution for both established and growing firms looking to borrow. Apply online for a prompt loan decision.

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Unsecured finance solutions in the UK

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Don’t waste time with unnecessary forms and meetings.

For any purpose

Flexible, controllable funding, tailored to your specific needs.

Maximise ROI

Competitive rates and charges, with no hidden costs.

Peace of mind

Your application is processed promptly, rigorously and securely.

What is asset finance?

Business assets come in all shapes and sizes but what they have in common is cost. The easiest way for a firm to afford a new asset, such as a piece of manufacturing equipment, is to borrow, with a loan secured on the asset.

Asset finance solutions comes in various forms. These include leasing and hire purchase, which allows a business to make use of an asset over time without buying it outright. Other forms of asset finance permit a firm to borrow against the value of its existing assets.

A Spotcap loan offer can offer all the benefits of asset finance without using the asset as security. We can offer unsecured loans to assist you in financing assets because of our rigorous and unique approach to assessing the financial condition of your business.

What is asset finance?

Business assets come in all shapes and sizes but what they have in common is cost. The easiest way for a firm to afford a new asset, such as a piece of manufacturing equipment, is to borrow, with a loan secured on the asset.

Asset finance solutions comes in various forms. These include leasing and hire purchase, which allows a business to make use of an asset over time without buying it outright. Other forms of asset finance permit a firm to borrow against the value of its existing assets.

A Spotcap loan offer can offer all the benefits of asset finance without using the asset as security. We can offer unsecured loans to assist you in financing assets because of our rigorous and unique approach to assessing the financial condition of your business.

How a does a Spotcap unsecured loan compare with asset finance?

The big difference between a loan from Spotcap and a typical asset finance arrangement is that our solution gives you more control over your assets, and therefore your business. We make it easier for you to run your business as you want to.

Once you’re approved for a Spotcap loan, you’re given access to a line of credit. From this you can draw down the working capital you need. In addition to fees, you pay interest on what you borrow. This keeps you in control of your finance costs.

The flexibility of a Spotcap loan, when compared to traditional asset finance, also extends to repayments. If you can repay early, we don’t charge you any penalties and you save on interest costs. Ours is designed to be a convenient, versatile business loan solution.

How could a Spotcap business loan be your alternative to asset finance?

Here are some of the ways that an unsecured loan from us can be a more flexible substitute for asset finance:

  • When you’re buying new equipment

    Every piece of business equipment you purchase with asset finance means keeping a connection between the loan and the asset. Using an unsecured loan from us eliminates this, giving you more control over how you use your assets.

  • When you want to release capital from an asset

    Sale and leaseback is a popular way to release working capital tied up in an asset. Our unique approach to assessing the financial condition of your business could provide the same finance through a simpler process.

  • When you’re upgrading your systems

    Because computer hardware and software are critical business assets, it’s not unusual to borrow to finance their purchase and installation. This is where a Spotcap loan could help, particularly for short-term borrowing needs.

  • When you’re considering a lease arrangement

    A flexible unsecured business loan could be more cost-effective than a lease arrangement, depending on your specific needs and circumstances. Because we offer early repayment without penalties, you could save on borrowing costs.

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Key points about a Spotcap asset finance loan

We offer a unique loan solution to funding your business assets

Loan amount

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

Loan terms

Once approved, we give you access to a line of credit. Withdraw what you need for your asset purchase and repay, typically over 7 to 15 months.

Criteria to qualify

You can borrow for any purpose. A Spotcap loan is available to UK businesses with turnover of at least £250k, have been trading for at least 24 months and possess a UK bank account.

Interest rates

Market conditions and your recent business performance will determine the rate of interest we charge. Use our business loan calculator to estimate monthly repayments and interest costs.

Business loan repayment calculator

  • Amount
    £ 100,000
  • Time
    12 months

£9,340

Monthly Repayment

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For illustrative purposes only. The example shown above is based on 1.5% 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

£9,168

  • Amount
    £ 100,000
  • Time
    12 months
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For illustrative purposes only. The example shown above is based on 1.5% 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 small business loan

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Sign up

Applying for our business loan starts with the entry of basic personal and business information, all input online.

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Complete the application

We require you to upload your bank statements and recent financial reports. Alternatively, you can link your accounting software.

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Get approval

When you are approved, allow one working day to gain access to your business loan.

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