Unsecured business loans up to £150k for UK businesses

Unsecured loans offer a freedom and flexibility that other forms of business finance find hard to match.

Unsecured finance solutions in the UK

Apply online

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.

Unsecured business loans offer real advantages to UK businesses

An unsecured business loan is when a lender lets you borrow without asking you to commit any security. Many business loans are secured on commercial assets, personal assets or with a personal guarantee from a business owner.

Traditional lenders, such as banks, increasingly require the security of an asset, such as a house, or a personal guarantee when making a loan. They want to be confident of getting at least some of their money back if you can’t repay your loan.

Unsecured business loans break free from the bureaucracy and inflexibility imposed by the need to give security. An unsecured loan can be arranged quicker and allows a business to move ahead faster. All Spotcap loans are unsecured.

Unsecured business loans for UK small businesses

Unsecured business loans offer real advantages to UK businesses

An unsecured business loan is when a lender lets you borrow without asking you to commit any security. Many business loans are secured on commercial assets, personal assets or with a personal guarantee from a business owner.

Traditional lenders, such as banks, increasingly require the security of an asset, such as a house, or a personal guarantee when making a loan. They want to be confident of getting at least some of their money back if you can’t repay your loan.

Unsecured business loans break free from the bureaucracy and inflexibility imposed by the need to give security. An unsecured loan can be arranged quicker and allows a business to move ahead faster. All Spotcap loans are unsecured.

Spotcap unsecured lending solutions for UK businesses

Why Spotcap chooses to offer unsecured business loans

Unsecured business loans are considered a higher risk. They also offer significant benefits to both growing and established businesses. Spotcap has developed a new approach that allows us to offer unsecured finance.

Spotcap has a unique risk assessment and credit scoring system based on our proprietary algorithm and backed by our expert underwriters. Our system studies your current business performance, using data taken from standard financial reports.

Using this data, we determine the level of risk associated with lending to your business, allowing us to make offers of unsecured business loans. Our unsecured loans help businesses across a range of industries and can be used for any purpose.

How a Spotcap unsecured business loan can benefit your business

There are no restrictions on how you use an unsecured loan from us. You can put your loan to work in many ways, including:

  • Increasing your sales by offering new products

    A loan can help you extend the range of products you sell, by funding research and development. You may be able to adjust an existing product to sell to a new market, or start selling something entirely new.

  • Raising profitability by cutting production costs

    Whether you’re a manufacturer or a service business, there’s always scope to improve processes and productivity. With a Spotcap loan, you can afford to invest in the analysis needed to find these opportunities.

  • Winning new customers by breaking into a new market

    Are your products suitable for a market you’re not serving, either in the UK or overseas? An unsecured loan can help you invest in the research and marketing needed to reach these new customers.

  • Building your reputation with improved customer service

    Quality of service is continually growing in importance to customers, who are increasingly sharing their reviews of businesses online. Taking out a Spotcap unsecured loan can provide the funds to train your staff in customer care and service.

The essential facts about an unsecured business loan from Spotcap

Loan amount

Your business could benefit from an unsecured business loan of between £10k and £150k.

Loan terms

Repayments are typically monthly, over 7-15 months. In addition, in the early months, you can choose how much of the loan to draw down.

Criteria to qualify

Spotcap unsecured loans are available to businesses with a turnover of at least £250k who have been operating in the UK for at least 12 months and have a UK bank account.

Interest rates

The interest rate on your unsecured business finance will reflect market conditions and your recent business performance. Use our business loan calculator to estimate the interest rate and monthly repayments.

Our business loans reviewed

Business loan repayment calculator

  • Amount
    £100,000
  • Time
    12 months

£9,340

Monthly Repayment

For illustrative purposes only. The example shown above is based on 1.8% average monthly interest rate and 2.0% arrangement fee. The APR is . 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

£9,340

  • Amount
    £100,000
  • Time
    12 months
For illustrative purposes only. The example shown above is based on 1.8% average monthly interest rate and 2.0% arrangement fee. The APR is . 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.

How to apply for unsecured loan from Spotcap

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Sign up

Applying for an unsecured loan begins with you entering basic personal and business information.

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Complete the application

To finalise your loan application, link your accounting software or upload financial statements, along with bank statements.

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Get approval

Once approved, you’ll have access to your unsecured business loan within one working day.