Small business loans up to £150,000 in the UK

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

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

Small business loans to invest and grow

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

SMEs are eligible for up to £250,000 of finance

Interest is only charged on what you use

Loan is repaid over a flexible period

Straightforward online application

How to apply for a small business loan

A business loan application can be completed in just 15 minutes. By signing up, you have already completed 40% of the process

Business Line of Credit UK Application Process
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Sign up to check eligibility

Complete a short form to find out if you qualify
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Enter essential business details

Share information on business structure, and how you plan to use your loan

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Connect accounting software or upload documents

Provide us with read-only access to your accounting software or upload core documents
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Connect your business bank account

This part of the process enables us to make a quick assessment of your application. We protect your data with bank level security


How a small business loan from Spotcap works

Spotcap's business loans are in the form of a line of credit

Small Business Loan Timeline

APPROVAL

Upon approval of a successful application, we offer you a line of credit. Within 24 hours, your finance will be available

COMMITMENT PERIOD

Your credit line is available for 1 to 3 months. 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 1 and 12 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

Spotcap business loan 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.

We’re trusted by thousands of growing 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

Grow your business today with a Spotcap loan

  • Strengthen your workforce

    A Spotcap business loan can provide the working capital needed to help unlock the potential in your business.

  • Fund a new vehicle

    Whether you’re growing your fleet or upgrading one or more vehicles, a Spotcap loan is a flexible alternative to traditional asset finance.

  • Stock up your shelves

    Be prepared for the coming season by carrying enough inventory to meet customer demand. Our finance can provide the cash advance that helps retailers plan ahead.

  • Invest in a marketing campaign

    A short-term business loan can help you fund a high quality advertising and PR campaign, both online and in print.

  • Pay that large tax bill

    Don’t let payment of a significant VAT give you a cash flow problem. A Spotcap loan can help you keep going past those major payment deadlines.

  • Upgrade your business systems

    Take advantage of our finance solutions to boost your productivity. Investing in more efficient finance, telecoms or manufacturing systems can help drive profitability.

Access to small business loans in the UK

Information you need to know as a business owner

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?

  • In the wake of the 2007 financial crisis, small businesses suffered a drop in demand for goods and services and a squeeze in access to credit. Banks tightened their lending practices to SMEs drastically. This is problematic, as access to finance is at the core of the creation, survival and continued growth of small and mid-sized businesses. Fortunately, due to economic recovery and the advent of alternative lenders, SMEs are enjoying greater 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.

Grow your business now