Business Lender Spotcap Grows UK Team

Spotcap is delighted to announce that Ian Mills and Duncan Ballingall have joined the UK team as partnership manager and underwriter, respectively. Ian and Duncan will support Spotcap in helping a growing number of UK businesses with swift and flexible unsecured loans.

Ian Mills joins from Boost Capital. He has over 20 years of experience working in commercial finance, including 18 years at NatWest. At Spotcap, Ian will be responsible for developing and maintaining long-term relationships with Spotcap’s extensive partner network and supporting relevant loan applications from start to finish.

Duncan Ballingall has previously worked in Funding Circle’s loan operations team. At Spotcap, he will analyse and verify financial and non-financial information to determine the creditworthiness of a business applying for an unsecured loan.

Spotcap is a responsible lender committed to building a more efficient and service-focused take on business loans. In September last year, the company successfully expanded its unsecured loan offering with no personal guarantee (PG) to also include partial or full PGs and corporate guarantees.

Commenting on the recent appointments, Kevin Vendel, Spotcap’s Head of Sales, said: “Ian and Duncan are a great addition to the Spotcap team. Their experience will allow us to continue to provide the best possible service to our partners and clients.”

Kevin continues: “Our recent Commercial Finance Industry Pulse showed that 77% of intermediaries are confident about future lending activity and business growth in the UK. We will continue to work hard – together with our partners – to provide unsecured loans to UK businesses within one working day.”