We are accredited under the Coronavirus Business Interruption Loan Scheme (CBILS). Check your eligibility & apply today. Find out more →

  • Spot-cap-header-1200x475
  • White Oak UK and Spotcap partner up to provide better business finance

Views from the flipside

Business lenders White Oak UK and Spotcap have entered into a partnership to improve access to finance for UK businesses.

White Oak UK’s offering includes asset finance, commercial mortgages and business finance, while Spotcap provides fully unsecured business loans, without the need for a personal guarantee.

There are over 400 lenders operating in the UK market, yet most businesses are not aware of the range of financing options available to them. Keen to expand their offering and to better help UK businesses, White Oak UK and Spotcap now work on a mutual referral basis, recommending each other to support a larger number of businesses with a wider range of needs.

No red tape business loans

The new-found partnership has already benefited businesses such as a wholesaler based in Oxfordshire. The company, which sells medical equipment, initially reached out to White Oak UK looking for a business loan to manage their cash flow.

As the wholesaler didn’t want to provide any debentures or guarantees, White Oak UK made the referral to Spotcap. Due to stable sales numbers, growing profits and well-managed bank accounts, the lender was able to provide a fully unsecured £50k loan for 12 months with no personal guarantee required.

Kevin Vendel, Head of Sales at Spotcap, reflects: “UK businesses need access to the right funding to thrive. But with so many different solutions out there, that can be challenging. If one lender doesn’t have the right solution, why not establish a partnership with another one to compliment the offering?”

Commenting on the partnership, Chris Heeley, Credit Director at White Oak UK says:

“As the relationship with Spotcap progresses, I’m certain that we will continue to work together to maximise the opportunities and facilities available to further build on the foundations we have already laid in respect of supporting UK SMEs.”

Business loans from the flipside

Why choose White Oak UK?

  • No red tape, so you can receive funds in as little as 24 hours
  • We accept 4 out of every 5 applications
  • Apply quickly and easily with E-sign loan documents
  • You’ll always speak to the same person
  • Free up cash flow for other areas of your business
  • Tailored finance agreements to suit your specific needs

Views from the flipside

What our customers say

We could not have been happier. Banks as usual were a nightmare - they took over six weeks to eventually refuse for vague reasons unexplained. White Oak UK were professional, helpful, friendly, and best of all, fast.

credit-awards2018 Winner - Flintshire Business Awards leasing-life-award2018 leasingworld2018-1 SME Awards - Alternative Funder of the YearInnovator of the Year 2016Business Comparison Asset Finance Lender Award Growing Business Award - Amazon