Lender review · Unsecured term loan (closed)
Spotcap
- Reviewed May 2026
- Editor Oliver Mackman
- Companies House 09351116
- Methodology Public
Spotcap UK Ltd (CN 09351116) was dissolved on 1 August 2023 after the wider Spotcap group exited UK and European SMB lending around 2020. Historically an unsecured term-loan lender for established Ltd companies. Not accepting new applications. Listed for borrower reference because the brand still surfaces in older directory listings.
Director, BestBusinessLoans
Oliver leads BestBusinessLoans's editorial reviews and methodology. With a background in UK commercial finance, he oversees lender research, rate verification and review independence.
Last reviewed: 8 May 2026
At a glance
- Product
- Unsecured term loan (closed)
- Ticket size
- Closed to new business
- Typical rate
- N/A
- Decision time
- N/A
- Soft search at quote
- No
- Limited companies only
- Yes
- FCA regulated
- No
- Companies House
- 09351116
- Founded
- 2015
Scores against our methodology
- Rate transparency0/5
- Eligibility clarity0/5
- Decision speed0/5
- Decline handling0/5
How Spotcap works
Spotcap operates as a unsecured term loan (closed) provider in the UK SMB market. Spotcap UK Ltd (CN 09351116) was dissolved on 1 August 2023 after the wider Spotcap group exited UK and European SMB lending around 2020. Historically an unsecured term-loan lender for established Ltd companies. Not accepting new applications. Listed for borrower reference because the brand still surfaces in older directory listings.
The product mechanic is straightforward in shape but the underwriting is sector-specific. Tickets sit in the Closed to new business band, decisions land within N/A, and the published rate range is N/A. A hard search may apply at quote stage; ask before you submit if credit-file footprint matters to you. Like most UK lenders to limited companies, the standard SMB lending sits outside the FCA perimeter.
Where Spotcap fits best: reference and historical context only. Where it does not fit: any new business loan need (entity dissolved).
Pricing examples
Worked examples using Spotcap's published rate range (N/A). This lender prices by factor rate or bespoke quote, so we show the structure, not a worked APR.
| Ticket | Term | Estimated total cost | Approx monthly |
|---|---|---|---|
| £25,000 | 24 months | See lender quote | See lender quote |
| £50,000 | 36 months | See lender quote | See lender quote |
| £100,000 | 48 months | See lender quote | See lender quote |
Indicative only. Confirm on a Spotcap quote.
Eligibility
- Trading time: typically 12 to 24 months minimum for the cleanest pricing.
- Turnover floor: not always published. As a working figure, expect a £100k+ turnover requirement for term loans of £50k+. Smaller tickets and MCA structures have lower floors.
- Sector exclusions: Any new business loan need (entity dissolved).
- Credit profile: Clean credit preferred; older satisfied items often acceptable.
- Company structure: Limited companies only.
- Best fit: Reference and historical context only.
Pros
- + Historical product fit: unsecured term loans up to £250k for established Ltd companies.
Cons
- − Dissolved on Companies House (1 August 2023); not lending.
- − No successor UK SMB lending vehicle under the Spotcap brand.
- − Not a current option for any UK SMB.
Best for
- · Reference and historical context only
Weak at
- · Any new business loan need (entity dissolved)
When to use Spotcap
Use Spotcap when
Your application matches the best-fit profile: reference and historical context only. The published ticket range (Closed to new business) covers your ask, the decision speed (N/A) fits your cash-gap timeline, and the rate range (N/A) is acceptable to you given your credit profile.
Do not use Spotcap when
Your profile sits in the weak-at list: any new business loan need (entity dissolved). Spotcap will likely decline, and the decline itself can sit on broker records for 90 days. If you have any of these flags, route directly to a specialist (post-decline lender, MCA against card flow, asset-backed alternative) rather than using Spotcap as a screen.
FAQs
What is the minimum trading time for Spotcap?
Spotcap typically asks for 12 to 24 months of trading. Newer businesses can sometimes qualify against alternative underwriting (card flow for MCA, asset security for asset finance), but the cleanest pricing tends to require two full sets of accounts.
Does Spotcap require a personal guarantee?
Most UK SMB lenders require a personal guarantee from at least one director. Spotcap is no exception in the standard case. The few exceptions: asset-backed lending where the asset itself stands as security, and a small number of MCA structures where card flow is the underwriting basis. For unsecured term loan (closed) specifically, expect a PG to be requested.
How fast does Spotcap fund?
Spotcap quotes N/A for an underwriting decision. Funding to bank account typically follows within one to three working days of acceptance, subject to KYC, signed documents, and (where applicable) registration of any debenture or charge.
What rate should I expect from Spotcap?
Spotcap's published range is N/A. The headline number is rarely the offered number. Rate transparency on this lender scores 0/5 in our methodology. Expect the cleaner end of the band only if you have 2+ years of trading, clean credit, and turnover comfortably above the lender's stated floor.
What happens if Spotcap declines me?
If Spotcap declines, you have three realistic next steps. First, ask for the decline reason in writing, most reputable UK lenders will tell you. Second, route the application to a specialist post-decline lender (Bizcap, JPM Capital, Bolton Finance) where credit issues are the constraint, or to an asset-backed alternative where security is available. Third, use a broker panel to fan the application across the lenders most likely to accept your specific decline reason. Spotcap scores 0/5 on decline handling in our methodology.
Where to apply
Apply directly via www.spotcap.com, or use our free quote form to be matched across the UK broker panel most likely to approve your specific profile, not just Spotcap.
Specialty alternatives
See all lender reviews for alternatives.
Reviewed by Oliver Mackman, Director. Last reviewed: 8 May 2026. Lender website: www.spotcap.com.