Peer to Peer lending alternative for SMEs in the UK

Discover the unique business lending solution that’s using the versatility of the internet to deliver unsecured loans to UK firms.

Apply online

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 Peer to Peer lending?

In giving new ways for people to connect, the internet has given rise to new business finance models, such as Peer to Peer lending (P2P). This is a vehicle that serves both people wanting to invest small amounts of capital and businesses seeking to borrow.

P2P lending is an alternative to business finance from traditional lenders, but it’s not the only internet-powered alternative. Spotcap also harnesses the internet to offer an online lending solution that’s delivered quickly and flexibly.

You apply for a Spotcap loan online, largely by uploading standard financial reports. Our underwriters and a unique credit analysis algorithm analyse these, and approval is usually given within 24 hours, with funds immediately available.

Unsecured business loans for UK small businesses

What is Peer to Peer lending?

In giving new ways for people to connect, the internet has given rise to new business finance models, such as Peer to Peer lending (P2P). This is a vehicle that serves both people wanting to invest small amounts of capital and businesses seeking to borrow.

P2P lending is an alternative to business finance from traditional lenders, but it’s not the only internet-powered alternative. Spotcap also harnesses the internet to offer an online lending solution that’s delivered quickly and flexibly.

You apply for a Spotcap loan online, largely by uploading standard financial reports. Our underwriters and a unique credit analysis algorithm analyse these, and approval is usually given within 24 hours, with funds immediately available.

How can a Spotcap loan be your alternative to P2P lending?

Our flexible finance solution can provide the working capital you need for your business. Here’s how it could make a difference:

  • Fund the purchase of new equipment

    New hardware, whether it’s a manufacturing machine or a new computer, can give your business a competitive edge. Our finance can help you secure that hardware.

  • Pay for a marketing campaign

    Reach out to existing and potential new customers and see your sales rise. A loan from Spotcap can provide capital to invest in marketing.

  • Upgrade your systems

    Whether you need new telecoms or new manufacturing control software, our loans are a flexible alternative to traditional asset finance.

  • Finance the opening of a new branch

    Expanding into a new region or a new market can mean a lot of upfront costs. A Spotcap loan can help you to literally open those new doors.

  • Provide the working capital you need

    Our online lending solution provides a practical, versatile alternative to bank overdrafts and loans, the traditional source of working capital finance.

How does a Spotcap loan compare with P2P lending?

Businesses are often attracted to Peer to Peer lending because it avoids engagement with major banks and other traditional lenders, with their often slow and bureaucratic approval processes.

A Spotcap loan offers a more straightforward approach. Benefit from an online application process, a prompt response based on a unique assessment of a firm’s current financial condition, and the absence of a need for security.

Further advantages include considerable flexibility, with no requirement to borrow and pay interest on all the funds that were applied for, and no penalty for early repayment. All these features mean a Spotcap loan is a versatile solution for your business finance needs.

Spotcap P2P lending alternative - the key facts

Benefit from a different approach to business lending in the UK

Loan amount

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

Loan terms

In the early months, you can choose how much of the agreed amount you want to borrow. Draw downs are converted into loans, usually repayable over 7 to 15 months.

Criteria to qualify

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

Interest rates

Use our business loan calculator to estimate the interest rate and monthly repayments. The interest rate on your small business loan will reflect market conditions and your recent business performance.

Business loan 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 small business loan

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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 one working day.