Construction loans up to £250k for British contractors

Spotcap understands the unique pressures of the construction industry. Apply today for the working capital your project needs.

Fully unsecured

Non-committal application

Decision in one working day

No penalty for repaying early

Get Started

Find out how much you qualify for

If you would like to continue, please fill in your e-mail address and enter a password. Completing the application could take as little as 15 minutes and you will receive a decision within one working day. An application is non-committal.

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Funding for your construction business

Finance from Spotcap can be used to cover all aspects of a contract, like materials, labour and machinery

Business loans up to £250k

Flexible 1-15 month term

Quick 24 hour application turnaround

Only pay interest on what you use

We’re trusted by thousands of businesses

Hear what our customers have to say about us:

Expand your reach with the right finance

Buy new construction equipment

Protect yourself against late payments

Expand and start new contracts

Provide day-to-day working capital

How does Spotcap construction finance work?

It pays to invest the time to find the right construction loan for your business. The best finance will be an arrangement that is tailored to your specific needs. Of the numerous forms of construction finance available, many are designed more for the lender than your business.

Spotcap finance is uniquely different. It’s based on a line of credit to which you’re given access when your loan application is approved. You choose to draw down from this credit line what your business needs to borrow.

Each drawdown becomes a business loan, repayable over 1 to 15 months. But if you choose, you can repay early without being charged a penalty. Flexibility is at the heart of Spotcap construction finance.

How to apply

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Tell us about yourself and your business

Answer a few questions and provide some basic accounting and bank data.
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Receive your decision within one working day

Our team of credit experts will review your application and we’ll be in touch with a decision.
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Accept your offer and receive funds

Once approved, you have immediate access to your funds. Choose when to have the funds deposited to your account.

Business loan calculator

  • Amount
    £ 100,000
  • Time
    12 months

£9,168

Monthly Repayment

For illustrative purposes only. The example shown above is based on 1.5% average monthly interest rate and 2.0% arrangement fee. The APR (annual percentage rate) is 24.2%, which includes both interest and fee. The total payable amount is . This amount consists of principle, interest and fee. 
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.

Is my business eligible?

UK business

Annual turnover of +£250k

Trading for at least two years

Profitable business

Monthly Repayment

  • Amount
    £
  • Time
    12 months
For illustrative purposes only. The example shown above is based on 1.5% average monthly interest rate and 2.0% arrangement fee. The APR (annual percentage rate) is 24.2%, which includes both interest and fee. The total payable amount is . This amount consists of principle, interest and fee. 
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.

Why do businesses in the construction industry need access to finance?

Construction businesses face a unique set of challenges that require an equally unique approach to their financial needs. Enterprises in this market most often operate as contractors, which means working on a project-to-project basis that can fluctuate with the seasons. This creates possibility for significant drops in cash flow which can seriously destabilise their financial health.

Every contract and project requires up-front materials and labour – irrespective of the season. In order to keep business moving, contractors must have sufficient working capital to pick up and carry out projects. As contractors are often not paid in full until the end of a project, construction loans help them maintain a stream of capital before and during the project.

Frequently asked questions

Here's further information about Spotcap financing