Invoice finance alternative for SMEs in the UK
Unlocking capital tied up in your debtors doesn’t have to mean invoice factoring. We provide another way for raising working capital.
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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 invoice finance?
Invoice finance, also known as invoice factoring, unlocks the cash tied up in your sales ledger. It’s a popular approach to easing the pressure on working capital, as you’re effectively being given an advance on funds that your business has already earned.
Banks and other traditional lenders will often direct small businesses towards invoice finance as an alternative to an overdraft. This is because the funds being lent are effectively secured against invoices that have been raised.
Convenience and flexibility are two commonly promoted features of invoice finance. These benefits are also available from an unsecured business loan from Spotcap. In addition, our finance also has the advantage of an entirely online application process.
What is invoice finance?
Invoice finance, also known as invoice factoring, unlocks the cash tied up in your sales ledger. It’s a popular approach to easing the pressure on working capital, as you’re effectively being given an advance on funds that your business has already earned.
Banks and other traditional lenders will often direct small businesses towards invoice finance as an alternative to an overdraft. This is because the funds being lent are effectively secured against invoices that have been raised.
Convenience and flexibility are two commonly promoted features of invoice finance. These benefits are also available from an unsecured business loan from Spotcap. In addition, our finance also has the advantage of an entirely online application process.
How does a Spotcap unsecured loan compare with invoice finance?
Businesses take advantage of invoice finance to boost their working capital and improve cashflow. These are the same reasons that you would choose to take a loan from Spotcap, to give yourself extra working capital.
The loans we offer are unsecured. This is made possible by our unique credit review process which combines the expertise of our specialist underwriters with our proprietary credit analysis algorithm. By looking at selected financial data, we assess the financial condition of your business.
An Invoice finance contract can be difficult to get out of early. Notice is usually required and you could be charged penalties. We make it easy for you to repay early and we don’t charge any penalty for doing so.
Can a Spotcap business loan be your alternative to invoice finance?
The extra working capital provided by a Spotcap unsecured business loan can benefit your business in many different ways. You can use it to:
Key facts about our invoice finance alternative
The Spotcap approach is more flexible than other loans you may have encountered
Spotcap business loan repayment calculator
£9,340
Monthly Repayment
Monthly Repayment
£9,168
How to apply for a business loan from Spotcap
Sign up
Begin our online application process by entering basic business and personal information.
Complete the application
Save time filling in form by uploading financial reports and bank statements. Alternatively, you can link your accounting software.
Get approval
It takes just one working day to gain access to your business loan, once it is approved.