Small business loans
up to £250k

Spotcap helped over one thousand British companies to keep their businesses moving

Unsecured, without collateral

Free non-committal application

Decision within 1 working day

No fees for repaying early

What's different about a Spotcap business loan?

Unsecured, no collateral required

Free, non-committal application

No early repayment fees

Decision within one working day

Main features - Spotcap's small business loans

Access to capital is at the heart of a healthy small business. Spotcap can help your business to cover unforeseen expenses, invest and grow.

Up to £250k of finance

Flexible 1-15 month term

Funds available within one working day

Only pay interest on what you use

How to apply for a small business loan

You want to focus on your business. We understand. That’s why our applications can be completed in just 15 minutes.

Business Line of Credit UK 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 a small business loan from Spotcap works

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

Small Business Loan Timeline

APPROVAL

If your application is successful, we will offer you a line of credit. Your funds can be in your account in two working days.

COMMITMENT PERIOD

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

DRAWING DOWN

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

REPAYMENT

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

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.

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

Don’t just take our word for it, see what our customers say about us

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“Spotcap finance enabled us to grow and having that emotion that someone believed in your vision just left us feeling great”

Jennifer Hart

Director of Everyday Cashmere

How can a small business loan benefit my business?

  • Manage your operating cash flow

  • Invest in your new equipment

  • Increase your sales by offering new products

  • Refinance existing loans

Access to small business loans

Is a small business loan from Spotcap right for me?

Save yourself valuable time, avoid the hassle of giving security and minimise the cost of borrowing. Our unique risk assessment and credit scoring system look at your current business performance, meaning we can offer unsecured loans to firms that qualify.

Whether you’re embarking on a business expansion project, or looking to address a cash flow shortfall, a small business loan from Spotcap could be the best funding solution choice.

A loan with us could be the answer if:

  • You have a clear idea of the loan’s purpose.
  • Repayment terms of up to 15 months are appropriate.
  • You want the flexibility to repay early with no penalty.

Of all forms of funding help for small businesses, the traditional business loan remains one of the most popular.

How much collateral is required for a small business loan?

  • When businesses apply for loans, the lender may ask for security or collateral in case the borrower can’t repay. Traditional lenders, like banks and credit unions, tend to ask for some collateral against their loan, such as real estate or inventory. Other lenders, like alternative finance providers, offer finance that isn’t attached to collateral. Interest rates with these lenders can be higher than with traditional lenders.
  • Financial products like unsecured business loans and an unsecured line of credit are based solely upon a business’s creditworthiness, history and financial condition. These solutions don’t require collateral or personal guarantees, making them appealing to healthy small and medium sized businesses that want fast access to finance.

What questions will I be asked when I apply for a loan?

  • When it comes to obtaining a small business loan, it helps to think of yourself as a lender. If you were them, what would you like to know about the business you’re lending to? What would make you feel positive about lending them money?
  • Requirements vary between lenders, but expect some questions about your business’s performance and financial projections, as well as what you intend to do with the loan. A lender may ask to see historical financial documents and accounting information, as well as your budget. How a lender obtains and processes this information – and the speed in which they do it – depends on the their approach.

Why do small businesses need access to finance?

  • Sometimes, SMEs require extra working capital to support their cash flow, accommodate unexpected expenses, buy stock or meet seasonal demand. Many small companies find themselves needing additional funds to finance business opportunities or keep day-to-day operations running.
  • Small businesses, often dependent upon invoice fulfilment, use credit to manage their cash flow. Maintaining a stream of working capital is a pain point for them, especially as they balance late payments and unpredictable demand with fixed overheads like rent and payroll.

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.