Working capital finance for SMEs in the UK

Give your business the working capital it needs to remain competitive or to grow. Learn how Spotcap’s unique approach can help.

working capital | unsecured loans

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For any purpose

Flexible, controllable funding, tailored to your specific needs.

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Competitive rates and charges, with no hidden costs.

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Your application is processed promptly, rigorously and securely.

What is working capital finance?

Businesses thrive when they have the right leadership, the right product and access to the right funds to invest in their future. Working capital finance is one way to access those funds, by converting commercial assets into cash through mechanisms such as invoice finance or factoring.

The same level of funding access is possible with an unsecured business loan from Spotcap. The difference is that our finance solution isn’t tied directly to your invoice values, giving you more flexibility.

An extra benefit is that there’s no cost to arranging a finance facility with us if you then decide you don’t need it. Apply online for a line of credit and it only becomes a loan when you draw funds from it. Another advantage is there’s no penalty fee for early repayment.

What is working capital finance?

Businesses thrive when they have the right leadership, the right product and access to the right funds to invest in their future. Working capital finance is one way to access those funds, by converting commercial assets into cash through mechanisms such as invoice finance or factoring.

The same level of funding access is possible with an unsecured business loan from Spotcap. The difference is that our finance solution isn’t tied directly to your invoice values, giving you more flexibility.

An extra benefit is that there’s no cost to arranging a finance facility with us if you then decide you don’t need it. Apply online for a line of credit and it only becomes a loan when you draw funds from it. Another advantage is there’s no penalty fee for early repayment.

Can a Spotcap loan provide working capital finance?

Traditional forms of working capital finance, such as invoice discounting, effectively use your sales invoices as a form of security. A Spotcap business loan requires no security, because of our unique method of assessing the financial condition of your business.

Our approach is designed to simplify business borrowing. You apply online and our team of underwriters, backed by our proprietary credit assessment algorithm, establish the financial condition of your business. When approved for finance, we offer you a line of credit.

You choose how much capital to draw from your line of credit. This amount is converted into a loan, usually repayable over 7 to 15 months. Repay early and there is no penalty. All of this makes our finance a versatile solution for your business finance needs.

How could a Spotcap loan be your alternative to working capital finance?

Whatever your need for extra working capital, a Spotcap loan can help. Here are some examples:

  • Keeping the payroll safe

    It’s essential to pay your staff on time and because the payroll is predictable, you can plan for that in advance. Having a finance arrangement in place means you won’t be caught out if customer receipts don’t come in as expected.

  • Paying that tax bill

    You don’t want the cost or inconvenience of being late with your VAT or Corporation Tax payments. Having a Spotcap line of credit in place can help protect your cashflow against these significant outgoings.

  • Growing your team

    A new employee can be a real boost to productivity, but it can take a while before that converts into revenue. By providing the capital to hire and pay them in those early days, a loan can help you grow.

  • Cut the costs of existing finance

    Because you only pay interest on what you borrow, and there are no early repayment penalties, a Spotcap loan could be less expensive than other funding, such as invoice finance or asset finance.

  • Providing day-to-day working capital

    A Spotcap line of credit gives you the comfort of knowing funds are available, should you need some extra working capital. This is particularly valuable when you anticipate making major payments and funds could be tight.

Spotcap working capital loan - the key facts

Take advantage of a different approach to business lending in the UK

Loan amount

A Spotcap business loan can provide your business with funding of between £10k and £150k.

Loan terms

The early months of our finance arrangement gives you a line of credit, allowing you to draw down what you need. This becomes a loan, with repayments that are typically monthly, over 7 to 15 months.

Criteria to qualify

We make loans available to businesses operating in the UK, with a minimum turnover of £250k, that have been operational for 24 months and possess a UK bank account.

Interest rates

Market conditions and your recent business performance will determine the interest rate we charge on your loan. To estimate the interest rate and monthly repayments, use our business loan calculator.

Our business loans reviewed

Spotcap 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 1.5% 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

£9,168

  • Amount
    £ 100,000
  • 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 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 a working capital finance

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Sign up

Enter your basic personal and business information online, in order to begin the application process.

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Complete the application

Linking your accounting software or upload financial statements, along with bank statements, is required to complete your loan application.

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Get approval

Having been approved, you’ll usually have access to your business loan within one working day.