Are you looking for revolving credit facilities?
Revolving credit facilities, or revolving credit facility, is a credit agreement between your business and a bank or funder that allows your business to draw-down on funds up to an approved limit.
It seems to have become harder to obtain a business overdraft facility by traditional means and can take longer than you would expect.
Thankfully, there are lots of alternative funders out there who have excellent products that may suit your business’s needs.
Why would I use revolving credit facilities?
At times, most businesses can suffer from a lack of cashflow. This could mean that they may have insufficient funds to pay bills, salaries or stock.
These business overdraft facilities will allow your business to smooth out the peaks and troughs.
What do revolving credit facilities cost?
Interest is typically charged daily and there is no minimum usage commitment, so you will only pay for what you use.
With no early settlement fees, and with certain facilities no arrangement fees, these facilities are a great way to assist with cashflow, stock purchases or unexpected bills.
Flexible credit line
A flexible 12-month facility, NO arrangement fee, Loans from £1,000 – £200,000 and a decision within 24 hours. Overpay or settle at any time, at no additional cost. Unsecured with only a PG required.