Trade finance solutions of up to £150k for UK businesses

Exports and imports offer huge potential to businesses in the UK. We offer a new approach to financing your international success

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Don’t waste time with unnecessary forms and meetings

For any purpose

Flexible, controllable funding, tailored to your specific needs

Maximise ROI

Competitive rates and charges, with no hidden costs

Peace of mind

Your application is processed promptly, rigorously and securely

What is trade finance?

Trade finance makes it easier to buy and sell across borders, and across the ocean. It’s a set of finance tools that have developed over time to meet the needs of importers and exporters of both finished goods and raw materials.

Letters of credit, bills of exchange and loans designed specifically for international trade are all elements of trade finance. What they have in common is that they are all concerned with ensuring businesses have the right funds, at the right time.

Both importers and exporters want the confidence that they have access to the working capital they require to keep doing business. Trade finance gives them this confidence, and as a result, it helps keep the wheels of international commerce turning.

What is trade finance?

Trade finance makes it easier to buy and sell across borders, and across the ocean. It’s a set of finance tools that have developed over time to meet the needs of importers and exporters of both finished goods and raw materials.

Letters of credit, bills of exchange and loans designed specifically for international trade are all elements of trade finance. What they have in common is that they are all concerned with ensuring businesses have the right funds, at the right time.

Both importers and exporters want the confidence that they have access to the working capital they require to keep doing business. Trade finance gives them this confidence, and as a result, it helps keep the wheels of international commerce turning.

Could a Spotcap business loan be my alternative to trade finance?

A Spotcap loan can be a practical alternative to trade finance for firms in many industries. Here are just a few examples of how our loans help by:

  • Funding a marketing campaign

    Marketing is vital when promoting your business into a new market, or raising awareness of new products to your existing customers. Taking on a loan to invest in marketing can make all the difference to the success of your strategy.

  • Financing import of inventory

    Delays in the delivery of inventory, whether raw materials or finished products, can wreak havoc with your manufacturing or sales plans. Trade finance can help eliminate hold ups by ensuring payments are made on time.

  • Providing the capital to pay staff

    Whatever your business, you don’t want to run the risk of not paying your staff on time. This is where a Spotcap loan can be a lifeline, providing the cash required to meet your payroll obligations.

  • Allowing you to pay suppliers on time

    International trade depends on trust and goodwill, which can be more fragile because of the geographical and cultural distance between buyers and sellers. Having a solid trade finance arrangement in place to fund payments can help protect commercial relationships.

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How does a Spotcap unsecured loan compare with trade finance?

A typical trade finance arrangement is focused on ensuring your business has access to working capital when you’re importing or exporting. A Spotcap business loan delivers the same outcome, giving flexible access to finance as you need it.

A significant difference between a Spotcap business loan and many other forms of trade finance is that we do not ask for any security or a guarantee. Our unique approach to assessing a firm’s financial health makes it possible for us to offer unsecured loans.

Because the loan is unsecured, and delivered on flexible terms, it offers a genuine alternative to businesses looking for trade finance. The Spotcap loan solution has been designed to meet the needs of growing and ambitious businesses in the UK.

Key points about the Spotcap alternative to trade finance

Apply for our finance online using a process that can take just five minutes.

Loan amount

Our alternative to asset finance could give you a loan of between £10k and £150k.

Loan terms

Once approved, we give you access to a line of credit. Withdraw what you need to finance your international trade, and then repay, typically over 6 to 15 months.

Criteria to qualify

You can borrow for any purpose, including trade finance. A Spotcap loan is available to UK businesses that have been trading for a minimum of 12 months, with a UK business bank account, and turnover of at least £250k.

Interest rates

Market conditions and your recent business performance will determine the rate of interest we charge. Use our business loan calculator to estimate monthly repayments and interest costs.

Business loan repayment calculator

  • Amount
    £ 100,000
  • Time
    12 months

£9,340

Monthly Repayment

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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

£9,168

  • Amount
    £ 100,000
  • Time
    12 months
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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.

Steps to applying for your trade finance alternative

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Sign up

Applying for our business loan starts with the entry of basic personal and business information, all input online.

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Complete the application

The application can be completed in around fifteen minutes, by uploading standard reports or by giving us read-only access to your accounting system.

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Get approval

When you are approved, allow one working day to gain access to your business loan.

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