Short Term Business Loans up to £150k

Spotcap's flexible financing has helped thousands of companies grow. Get a £10k-£150k credit line that turns into a loan when draw down.

Unsecured, without collateral

Free non-committal application

Decision within one working day

No fees for repaying early

Get Started

Find out how much you qualify for

If you would like to continue, please fill in your e-mail address and enter a password. Completing the application could take as little as 15 minutes and you will receive a decision within one working day. An application is non-committal.

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If you would like to continue, please fill in your e-mail address and enter a password. Completing the application could take as little as 15 minutes and you will receive a decision within one working day. An application is non-committal.

Spotcap is trusted by KPMG

Why Spotcap?

Main features of our short term business loans

  • Up to £150k of finance

  • Only pay interest on what you use

  • Online paperless application

  • Funds available within one day

Apply for a Short Term Loan from Spotcap

It can take just 15 minutes to complete your application

Short term loan application process
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Complete our straightforward application

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We assess the application within 24 hours

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Accept our offer to set up your credit line

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Your funds are immediately available

How a Short Term Loan from Spotcap Works

Spotcap's business loans are provided in the form of a credit line. Below is an example of how a Spotcap credit line can work

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 expenses & boost your cash flow

  • Bridging cash flow shortages

  • Importing and exporting

  • Paying tax invoices

  • Inventory financing

Calculate Your Repayments

  • 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.

SMEs and Short Term Loans: a Historical Problem

  • Small businesses are central to the economy’s longevity and growth, and are core drivers of innovation and employment. A significant number of SMEs could use short term finance to grow if it was available to them, but they often find they don’t meet the criteria set out by traditional lenders. Quick access to finance has long been a problem for British small businesses that have survived turbulent economic and market conditions.
  • For businesses to acquire short term finance, application processes have become increasingly difficult and rigorous, with increased financial regulation and stricter business performance indicators. Traditional financial methods make it difficult to quickly acquire loans when businesses need them. At the moment, access to loans with traditional financial channels can take as long as two months to acquire, and often require five years of financial documents – not too mention many hours of meetings and signings just to complete the application.
  • Small and mid-sized businesses will struggle with these processes. Fortunately, there are now other options available to small businesses. Technological innovation has allowed small businesses to get ahead with smarter and cheaper ways to implement common business practices.