SPRK Innovation Term Loans Make strategic sense

A SPRK Innovation Term Loan is designed to help bridge the gap between R&D lending and venture debt to create a new type of financing that supports you with access to capital over 36 months, based on your latest R&D tax credit.

The process is easy, fees are straightforward, and you have the opportunity to advance up to 150% of your latest R&D claim right now. Fixed payments are then made over 36 months, and prepayments from your R&D tax credit claims reduce your monthly payments with no fees for early repayment – Now that’s smart!

Innovation Term Loans

  • Boost cash flow by advancing up to 150% of your R&D tax credit
  • 36-month fixed rate loan
  • Non-dilutive capital to keep what you worked so hard to build

Low Cost


  • Establishment fee of up to 3%
  • Interest rate of only 1.5% per month
  • Zero early repayment fees

It’s simple


  • Quick & easy application process
  • Fast approval and funding times
  • Fixed monthly repayments during term of loan
  • Prepayments from your HMRC tax credits to SPRK reducing your monthly repayments
  • One set of standardised documents for all Advances

Talk to our experts

SPRK are specialists in Innovation Term Loans, and we're here to help accelerate your business.

Apply Now

Apply Now

Apply now for a SPRK Innovation Term Loan, we support your business and innovation.

    • The SPRK team were quick to react to our request for an advance against our R&D tax credit claim. They helped us as we headed into a new successful funding round. The whole process was completed in record time being simple and straightforward – I would highly recommend SPRK for this type of funding.

      Leah, CFO
    • We worked with the team at SPRK on the financing of our R&D tax credits through their SPRK Advance product. The experience was seamless and they were able to fund within 24hrs of approval. Impressive FinTech in the lending space. Highly recommend.

      Panos, CFO
    • We were impressed by the R&D Advanced Funding solution offered by the team at Sprk Capital. They were quick to assist, and their online process made the whole application seamless. We’d recommend Sprk to anyone looking for R&D and Grant Advances in the UK. Thank you team SPRK.

      Max, Founder/CEO
    • Simple, low-cost finance for growth. Really easy process & helpful team.

      David, Founder/CEO
    • Really helpful, easy and quick to deal with and very transparent. Highly recommend.

      Andrew, CEO