Short term business loans between £10k and £150k for UK SMEs

Broaden your finance horizons by considering new approaches to short term business loans, ideal for established and growing firms in the UK

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Flexible, controllable funding, tailored to your specific needs.

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Competitive rates and charges, with no hidden costs.

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The short term business loans powering UK businesses

Almost every business needs a short-term injection of working capital at some point. It could be to guarantee the payroll for a few months, to buy some vital equipment or to fund a marketing campaign that brings in sales.

Yet short-term finance, usually repayable over one or two years, can be hard to obtain from traditional lenders such as major banks. They can also make it time-consuming to apply for, by requesting extensive detail about past financial history.

Despite this, short-term business loans are powering UK businesses today. That’s because new lenders, such as Spotcap, are making these loans more accessible. Our approach to short-term business loans is unique.

Short term loans for UK businesses and SMEs

The short term business loans powering UK businesses

Almost every business needs a short-term injection of working capital at some point. It could be to guarantee the payroll for a few months, to buy some vital equipment or to fund a marketing campaign that brings in sales.

Yet short-term finance, usually repayable over one or two years, can be hard to obtain from traditional lenders such as major banks. They can also make it time-consuming to apply for, by requesting extensive detail about past financial history.

Despite this, short-term business loans are powering UK businesses today. That’s because new lenders, such as Spotcap, are making these loans more accessible. Our approach to short-term business loans is unique.

Short term funding solutions for UK SMEs

How a short term loan from Spotcap works

Our loan application process is online and straightforward. Most of your business information can be given to us by uploading standard financial reports and bank statements, or by linking your accounting system.

Our unique risk assessment and credit scoring system looks at your current business performance. This means we can offer unsecured short term business loans to firms that may be turned down by more traditional credit scoring processes.

When approved, you get access to a line of credit for a specified amount. This becomes a loan when you draw down some, or all, of the amount. In the first three months, you can draw down as often as you want, up to the total. Each drawdown amount becomes a separate loan, repayable over 12 to 15 months. If your circumstances change, you can choose to pay back your loan more quickly with no early settlement penalties.

What can a Spotcap short term business loan do for your firm?

You choose what to do with the funds you borrow from us. Some uses for the loan finance include:

  • Grow sales through marketing

    Promoting your business to current and potential customers is essential for winning sales. A Spotcap loan can help you fund a powerful marketing campaign.

  • Boost productivity by streamlining processes

    A short-term loan can allow a manufacturing business to find more effective ways of working by funding a detailed review of its internal processes and procedures.

  • Increase profits by funding growth

    Businesses can grow in many different ways: organically, through acquisition or merger, or through franchising. A business loan can help finance all of these.

  • Raise customer satisfaction through staff training

    Good customer service can make a huge difference to sales in many businesses, particularly restaurants and hotels. Staff training in customer service could be financed with a loan.

  • Avoid penalties by paying tax bills on time

    Late payment penalties for VAT and other tax bills can be substantial. A Spotcap short-term loan allows you to pay your HMRC bill and spread the cost over several months.

The key facts about a short term loan from Spotcap

Loan amount

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

Loan terms

A short-term loan with Spotcap begins as a line of credit. Over the first three months, draw down what you need, when you need it, up to your overall credit limit. These withdrawals become business loans, usually repayable monthly over 7 to 15 months.

Criteria to qualify

Spotcap short-term finance is available to businesses who have been operating in the UK for at least 12 months with a minimum turnover of £250k and have a UK bank account.

Interest rates

The interest rate on your short-term business finance 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

Short term 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 1.5% average monthly interest rate and 2.0% arrangement fee. The APR (annual percentage rate) is , 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

£13,752

  • Amount
    £ 150,000
  • 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 , 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 short term funding from Spotcap

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Sign up

Applying for a short-term loan begins with you entering basic personal and business information.

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Complete the application

To finalise your loan application, link your accounting software or upload financial statements, along with bank statements.

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Get approval

Once approved, you’ll have access to your short-term business loan within one working day.