Business loan calculator
Find out your monthly repayments using our business loan calculator:
$14,951
Monthly Repayment
Monthly Repayment
$14,951
How our pricing works
We have a very simple pricing structure. We charge interest only on what you borrow, for the period that you’re borrowing it. When you’re not borrowing, there’s no interest charged. You also pay a one-time origination fee that’s taken when you first draw down funds from your approved credit line.
That’s it - there are no more charges. No annual charge, no penalties for early repayment, no extra fees hidden away in the small print.
Because of the way our pricing works, it costs you nothing to be approved for a credit line. You have the security of knowing you can access finance immediately without it costing a cent, until you choose to draw the funds down. If you've been approved for a line of credit and decide not to use it, there’s nothing to pay.
How you can benefit from Spotcap’s pricing
Are you worried about not having enough capital for this month’s payroll? Maybe your business needs a new piece of equipment but you don’t have the funds? Apply for a Spotcap line of credit.
Once it’s approved, the line of credit is your fund to borrow from, if you need to. If you don’t borrow, there’s nothing to pay. If you do borrow, you can choose to take only what you need, and you can come back for more later if needed. You can also repay your loan early - without any penalty charges.
How you can benefit from Spotcap’s pricing
Are you worried about not having enough capital for this month’s payroll? Maybe your business needs a new piece of equipment but you don’t have the funds? Apply for a Spotcap line of credit.
Once it’s approved, the line of credit is your fund to borrow from, if you need to. If you don’t borrow, there’s nothing to pay. If you do borrow, you can choose to take only what you need, and you can come back for more later if needed. You can also repay your loan early - without any penalty charges.
The cost of a Spotcap business loan
We give you a fixed rate of interest on each line of credit. The rate is based on your risk profile, and can range from 0.5% to 3% per month. Repayment is over 1 to 12 months.
In addition, we charge an origination fee when you first draw down funds from your line of credit. This fee is 2-3% of the total value of the credit line.