Using an algorithm to evaluate businesses’ credit worthiness, Spotcap has been able to offer unsecured business loans without personal guarantee to more than 1,000 businesses since its launch in 2014. It looks at past business performance more than future plans and credit score, and is able to give you a decision within one working day.
A number of other lenders can help SMEs secure similar financing online and we’ve put together a list of them here. Alternatively you can find information on the wide range of business financing options available to startups and small businesses.
How can we help?
We’ve partnered with Funding Options to help UK businesses compare lenders and navigate the different borrowing options available.
Unlock the value in your invoices to move your business forwards. Compare invoice financing providers and discover how it could help your business.
Borrow against equipment or property to accelerate growth. Compare asset financing providers and discover how it could help your business.
Merchant cash advance
Get a lump sum upfront to repay in-line with volume of future sales. Compare a panel of lenders through our partner Funding Options.
Line of credit
Borrow only as much as you need, when you need it and repay on terms that suit you. Compare a range of lenders.
Business credit cards
Boost your spending power, track employee spending and enjoy perks and rewards with a business credit card.
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