Move forward with a business line of credit

Cut through the complexity of traditional lenders with our sophisticated approach to business loans. Apply online to borrow between £10k and £150k

Apply online

Don’t waste time with unnecessary forms and meetings.

For any purpose

Flexible, controllable funding, tailored to your needs.

Maximise ROI

Competitive rates and charges, with no hidden costs.

Peace of mind

Your application is processed promptly, rigorously and securely.

What is a line of credit and how does it work?

A line of credit is a business loan arrangement giving you flexible access to the finance your business requires. Once your application has been thoroughly assessed, and if the line of credit is approved, the funds are available to draw down. You only take what you need, as you need it.

If you only draw down some of the funds, you can come back for more later if you need them. Each drawdown becomes a separate loan. You manage your line of credit and loans through an easy-to-use online dashboard.

Alternative lending in the UK

What is a line of credit and how does it work?

A line of credit is a business loan arrangement giving you flexible access to the finance your business requires. Once your application has been thoroughly assessed, and if the line of credit is approved, the funds are available to draw down. You only take what you need, as you need it.

If you only draw down some of the funds, you can come back for more later if you need them. Each drawdown becomes a separate loan. You manage your line of credit and loans through an easy-to-use online dashboard.

Alternative business funding for UK businesses

Why a line of credit is better for your business?

We have developed a unique, rigorous credit assessment algorithm that allows us to assess the financial condition of your business. This stringent approach, based on key financial documents you share with us, allows us to offer unsecured loans to qualifying businesses.

We don’t ask for personal guarantees, a debenture or any other form of security. This speeds up your application process, because there’s less documentation to submit.

Approval can also be quicker. We assess your ability to repay based on the recent business performance data that you supply. While most other lenders take time, and often require at least a personal guarantee, our approach is fast and flexible.

What can I use my credit line for?

Because it’s your business, you choose how to use the finance we make available through a line of credit.

  • Upgrade business critical technology

    Increase your productivity with new machinery, improved finance or manufacturing software, or more efficient communication systems. A loan can help you upgrade to the tools that will give you a competitive edge.

  • Invest in staff training

    Keeping your team up-to-date with the latest industry knowledge and best practices can bring multiple benefits: satisfied customers, improved staff retention and a contribution to the bottom line.

  • Buy new stock or equipment

    A line of credit can provide essential working capital when you’re purchasing inventory or important new equipment. This can make all the difference when you’re preparing for a new product or season.

  • Expand your operations into a new region

    Moving into a new region often means committing to new premises, new people and additional marketing. A business line of credit can provide the capital injection needed before the income from new customers starts to flow.

  • Enhance your web presence

    Retailers selling online need to keep up to date with the latest web technologies and practices in order to stay competitive. This is where a line of credit can help, allowing you to fund a strong internet presence.

Spotcap's line of credit - what you need to know

A Spotcap line of credit is more versatile than other business loans. It’s repayable early, with no additional costs. You can also increase the amount you borrow by submitting new information about your recent business performance.

Loan amount

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

Loan terms

Repayments are typically monthly, over 7-15 months. In addition, in the early months, you can choose how much of the credit line to draw down.

Criteria to qualify

Spotcap business loans are available to firms operating in the UK, with a minimum turnover of £250k, who have been operational for 24 months and have a UK bank account.

Interest rates

The interest rate on your business loan 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

Line of credit 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 business line of credit

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Sign up

Applying for a business loan starts with entering basic personal and business information.

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Complete the application

Link your accounting software or upload financial statements, along with bank statements, to complete the loan application.

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Get approval

Once approved, you’ll have access to your business loan within 24 hours.