Short term business loans
up to £250k

Spotcap's flexible financing has helped thousands of companies

Unsecured, without collateral

Free non-committal application

Decision within 1 working day

No fees for repaying early

Unsecured, without collateral

Free non-committal application

Decision within one working day

No fees for repaying early

Why Spotcap?

Main features of our short term business loans

  • Up to £250k of finance

  • Only pay interest on what you use

  • Online paperless application

  • Funds available within one working day

Apply for a short term loan from Spotcap

You want to focus on your business. We understand. That’s why our application is surprisingly simple.

Short term loan application process
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Tell us about yourself and your business

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Receive your decision within one working day

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Accept your offer and receive funds

How does a short term loan from Spotcap work?

Spotcap's business loans are provided in the form of a credit line. Here is the process and how it works.

1. APPROVAL

Upon approval of a successful application, we offer you a line of credit. Within one working day, your funds will be available.

2. DRAWING DOWN

Drawdowns on your obligation-free credit line become separate business loans. Each business loan has the same interest rate.

3. COMMITMENT PERIOD

Your credit line is available for 1 month. You may draw down as much or as little as you need during this time.

4. REPAYMENT

Your loan is repaid monthly over an agreed period of time (between 1 and 15 months). You can repay your loan early without penalty after the first month.

5. RESCORING

When your credit line expires you may request a rescore. A rescore reassesses your information and determines if we can offer a greater credit line.

Ways you can use your short term loan

  • Manage your operating cash flow

  • Invest in your new equipment

  • Increase your sales by offering new products

  • Refinance existing loans

Clear, transparent pricing

  • 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.

We’re trusted by thousands of businesses

Short term business loan customer quote

Finance from Spotcap enabled us to grow. Having the support of someone believing in your vision just left us feeling great.

Jennifer Hart

Director of Everyday Cashmere

Understanding short term business loans

What are short term business loans?

  • A short term business loan is a credit facility that’s designed to be repaid in under one year. Many short term loans are repaid more quickly than that, often within 1 to 2 years. Short term loans tend to have faster application processes than their longer term counterparts.
  • 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.
  • As a result businesses can access finance quickly without long term commitments. As a general rule of thumb, short term business loans tend to have higher APRs than long term products.

Why is access to short term credit important for small businesses?

  • For small businesses, running low on working capital is a common challenge. Low levels of cash to hand can mean that a business is not able to meet its payment obligations, like making payroll and purchasing stock. This is a problem for small business owners, but also for the economy at large, as most businesses in the UK are small businesses run by sole traders, partnerships or families.
  • Limited access to short term finance is one of the biggest challenges and most limiting factors a small business will face, especially during seasonal fluctuations, high-growth periods and temporary downfalls in demand. Many SMEs turn to short term loans to bridge gaps in funding and keep business running smoothly. However, obtaining a credit facility from a traditional lender can be challenging. Fortunately, the advent of alternative finance has diversified the financial options available to SMEs.

How to apply for a loan from Spotcap

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Tell us about yourself and your business

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Receive your decision within one working day

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Accept your offer and receive your funds

Qualification criteria

UK business

Annual turnover of +£250k

Trading for at least two years

Profitable business

Business loan calculator

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.