Supporting a Logistics Company with a Fully Unsecured Loan

logistics unsecured loan

Businesses looking for a short-term loan can nowadays choose from hundreds of lenders and products. Providing fully unsecured business loans – which don’t require a personal guarantee (PG) – are our bread and butter. That said, some businesses are happy to provide a PG or corporate guarantee when applying for finance. That is why we also offer unsecured loans with a partial or full PG, or a corporate guarantee. By offering a variety of security options we are able to support a growing number of UK businesses looking for swift and flexible finance. For example, we recently supported a logistics company with a £200k fully unsecured loan.

The company, based in the South East, has been operating for more than 30 years, with a strong focus on customer care and a high servicing level. The logistics firm was in need of an unsecured loan to take on additional business and got in touch with Think Business Loans, a commercial finance broker based in Chelmsford who then got in touch with us.

After submitting all the relevant documents, including bank statements, full annual accounts, recent VAT returns as well as management accounts, we approved a £200k fully unsecured business loan – without a PG – for 24 months.

Spotcap’s underwriters based their decision on the company’s following strengths:

  • Well established business within the industry they operate in with a long-term track record
  • No adverse information shown in their credit history
  • Stable finance performance year on year, with their EBITDA remaining consistent
  • Positive equity

The Spotcap loan will support the company with their growth plans for 2020, allowing them to take on more business. We are always proud to help UK businesses succeed and grow. A special thanks to our trusted partner Jake Potgieter from Think Business Loans for introducing this client and supporting the loan application from start to finish.

Spotcap is proud to support UK businesses

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