Rating based on 35 reviews



  • Business Loans up to £350,000
  • Low-interest starting from 22.8%
  • Repayment up to 24 months

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Spotcap homepage

Author Spotcap. Screenshot of Spotcap website. [Accessed May 15, 2020]

About Spotcap

Founded in 2014, Spotcap has one significant objective: empower small or medium-sized enterprises with tailored finance. We believe you should focus on what really matters – your business.

Versatile financial services

Cutting-edge proprietary technology and an experienced team of finance specialists, allows us to make business finance accessible in a way that is new and versatile. The vision then became reality when Spotcap started up in 2014.

International footprint

Operating in five countries, we enable thousands of businesses to grow to their full potential. Spotcap employs more than 90 people and is headquartered in Berlin (Germany) with local offices in Madrid, Amsterdam, Sydney and London.

The Spotcap mission

Provide tailored finance to allow business owners to focus on their businesses. Making funding available to businesses is what we aim to do every single day.

Who is Spotcap serving?

Our global market consists of 95% of businesses of a small or medium-sized nature. Our customers borrow in order to grow their businesses but traditional financial institutions have not been accessible to them. The unique credit analysis model that we use is a straightforward online process that meets the demands of businesses worldwide.

Spotcap is an innovative online lender that is led by CEO Dr. Jens Woloszczak and MD Niels Turfboer.

Loans for all business purposes

Are you looking for a business loan, a bridging loan or asset finance? We have the answer. Businesses all have unique and variable finance requirements and thus it requires a lender that offers long and short term loans for all business purposes.

Spotcap Services

Spotcap offers an alternative. Using technology and that human touch we provide established business with access to swift and straightforward business loans up to £250k

Minimum requirements

Your business must have been trading in the UK for at least 24 months with an annual turnover of at least £250k to qualify for a business loan.

Our services gives you access to:

  • Bridging loans
  • Asset finance
  • Invoice finance
  • Merchant cash advance
  • Equipment finance
  • Sole trader loans
  • P2P lending
  • Finance VAT bill
  • Working capital finance

Industries we assist

  • Professional services
  • Retail
  • Manufacturing
  • Wholesale
  • Hotels and hospitality
  • Medical practice

Fees and interest

If you are approved for a Spotcap line of credit but do not draw down any funds, you pay nothing. When you first draw down funds from the credit line, you are charged a one time arrangement fee. This fee is a percentage of your full credit line amount, and this fee is taken when you first draw funds down.

You are charged interest on any outstanding loan balance. The interest rate is based on your risk profile and you will be advised of this rate when your line of credit is approved.

Spotcap Product Details

  • Loan Type Business Loans
  • Interest Rate from 22.8%
  • Loan Amount up to £350,000
  • Repayment 1 month to 24 months

Benefits of Spotcap

  • Apply online and get an obligation free quote
  • No early repayment fees
  • Quick online loan applications

Financial support that works for UK businesses

Simply apply online and once your online loan application has been submitted, your loan could be approved within one business day.

No security required

Apply for a business loan without securing you loan against property or other assets.

The three-step application process

  1. GO ONLINE and tell Spotcap about your business. Answer a few questions and provide some financial information about your business.
  2. SPOTCAP WILL REVIEW your application. Its team of credit experts will check your details, perform a credit check and be back in touch with a decision within 1 working day.
  3. ACCEPT your offer. Once approved, you can review and accept the offer. Your funds will be available in one or two working days.

*If the business is part of a group, please provide consolidated accounts and an organizational chart showing the percentage of ownership.

Documents required*

  • 6-12 months bank statements in CSV or PDF format
  • Most recent filed annual accounts
  • VAT returns for the last five quarters
  • Management accounts if annual accounts are older than 6 months

*If the business is part of a group, please provide consolidated accounts and an organizational chart showing the percentage of ownership.

How long does it take to be approved?

Our application process is entirely online and comprises of giving some basic information and uploading documents your business should already have to hand. Once your application is complete, the approval process usually takes no more than one working day.

How much can I borrow?

Spotcap provides credit lines between £50k and £250k to UK businesses with an annual turnover of at least £500k.

No early repayment fees

There are no fees for early repayments. We don’t penalise you for early settlement.

Customer Reviews & Testimonials

Simple and efficient application process with fast approval and payout - just what business owners need.

Elvena L
— Leeds —

Great customer service, low rates but the payout took almost 4 days.

Tarran M
— Dublin —

Spotcap Contact Details

Physical Address

  • Regal House, 14 James St London England WC2E 8BU United Kingdom
  • Get Directions

Opening Hours

  • Monday 09:00 – 18:00
  • Tuesday 09:00 – 18:00
  • Wednesday 09:00 – 18:00
  • Thursday 09:00 – 18:00
  • Friday 09:00 – 18:00
  • Saturday – Closed
  • Sunday – Closed