The cost of a business loan from Spotcap

Clear, transparent pricing means you know exactly how much your loan will cost. We only charge an origination fee, and interest on what you borrow.

Business loan calculator

Find out your monthly repayments using our business loan calculator:

  • Amount
    $125,000
  • Time
    6 months

$14,951

Monthly Repayment

For illustrative purposes only. The example shown above is based on an average Spotcap customer. 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

$14,951

  • Amount
    $125,000
  • Time
    6months
For illustrative purposes only. The example shown above is based on an average Spotcap customer. 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 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.