Practice finance for professionals in the UK

Benefit from our flexible business loan solution that adapts to your needs. Ideal for solicitors, accountants and other professionals.

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.

The versatile finance solution for professional practices

The modern professional practice of solicitors or accountants offers clients an increasingly diverse range of services and solutions. The success of a practice is founded on specialist knowledge, excellent business practice and a firm grip on its finances.

The pace of change for professionals continues to increase, requiring ongoing investment in order to remain competitive. New technology, new ways of working and changing customer expectations all put pressure on firms to keep up.

Professional practices looking to finance change have traditionally turned to major banks. But commercial lending is also moving on, and new, more flexible sources and forms of finance are emerging.

The versatile finance solution for professional practices

The modern professional practice of solicitors or accountants offers clients an increasingly diverse range of services and solutions. The success of a practice is founded on specialist knowledge, excellent business practice and a firm grip on its finances.

The pace of change for professionals continues to increase, requiring ongoing investment in order to remain competitive. New technology, new ways of working and changing customer expectations all put pressure on firms to keep up.

Professional practices looking to finance change have traditionally turned to major banks. But commercial lending is also moving on, and new, more flexible sources and forms of finance are emerging.

How can Spotcap unsecured finance benefit my professional practice?

Our loans can be put to work for any business purpose. Ways that you might use your loan include:

  • To help finance a merger

    When two firms of solicitors or accountants merge, there are often additional costs to cover. A Spotcap loan can provide the extra capital required around the time of the merger.

  • To pay for a marketing campaign

    Solicitors and accountants are now much more free to promote themselves through advertising and PR. There’s a cost to bringing in new business, which can be covered by commercial funding.

  • To update your offices

    A business loan can supply the funds you need to smarten up your offices. This can boost staff productivity and client numbers, by creating a more professional environment.

  • To provide essential working capital

    The unexpected can’t be predicted, but it’s good to know where you can turn when you need a practice loan at short notice. Our prompt, online application process can give you fast access to funds.

Short term bridging loans in the UK

How can Spotcap practice finance work in your firm?

As new forms of commercial finance emerge, professional practices are looking for the right funding solution for their specific needs. The best solutions are tailored to the requirements of the business, rather than those of the loan provider.

This is where a Spotcap loan can give your business what it needs. We offer a line of credit that gives you the flexibility to draw down, and pay interest on, only the amount you need. The drawdown becomes a loan repayable over 7 to 15 months.

Our loans are unsecured. We can do this because our proprietary credit assessment algorithm analyses your business data. In conjunction with our expert underwriters, it assesses the credit risk of your business, based on recent performance.

What you need to know about a Spotcap loan for your professional practice

Our loans are a versatile finance solution for professional practices across the UK

Loan amount

We help businesses by lending amounts of between £10k and £150k.

Loan terms

A Spotcap loan starts as a line of credit. You draw down funds as and when you need them. These withdrawals become loans, usually repayable over 7 to 15 months.

Criteria to qualify

Our basic eligibility requirements are: your business must have a turnover of at least £250k, be based in the UK with a UK business bank account, and have been operating for at least 24 months.

Interest rates

Our business loan calculator can help you estimate interest costs and monthly repayments. The rate on your loan will depend on market conditions and your recent business performance.

Business loan repayment 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.

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.

How to apply for your small business loan

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Sign up

We need basic personal and business information to initiate the application process.

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Complete the application

To complete your online application, upload your bank statements and submit your financial reports, either by uploading them or linking your accounting software.

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Get approval

Once approved for a business loan, it will take only one working day to get access to the funds.