Revolving Credit Loans UK

Revolving Credit business funding

A revolving credit facility (line of credit) is a type of funding that enables businesses to quickly draw down or withdraw funds, repay, and withdraw again, providing a significant level of financial flexibility. This financial tool allows companies to better manage their cash flow and address unexpected expenses, which can be crucial for maintaining operations, especially during slow sales periods. A revolving credit line is a bit like a flexible, open-ended loan; it operates as a safety net, allowing you to borrow money, pay it back, borrow some more, and so on, for the agreed duration of the term. Businesses can utilize this facility to invest in short-term opportunities, cover payroll, or purchase inventory without the need for a long, cumbersome application process every time they need additional funds. The ability to draw funds as needed means that companies can also minimize interest costs since they only pay interest on the amounts they actually use, making it a cost-effective solution for managing varying financial demands.

Revolving Credit

✔ Flexible terms

✔ Competitive interest rates

✔ Fast Decisions and Pay-Outs

✔ Reduce financial strain.

✔ Customisable repayment terms

✔ Cost effective

Revolving Credit Funding UK

How to apply for a revolving credit loan?

You can easily apply for a revolving credit loan online, and our
support team is here to help with any questions.

✔ Apply online in just 5 minutes.

✔ Get your offers in as little as just 1 hour.

✔ Funds paid out typically within 24 hours.

What is a revolving credit facility loan?

A revolving credit facility (RCF) is a type of business finance that allows a business to withdraw money as and when needed. It’s a flexible funding option that’s often used for short-term needs.

Why should small and medium-sized businesses consider revolving credit?

Revolving credit could be useful for various business reasons. If you want to make a one-time purchase, like new equipment or vehicles, funding can help you. Many business owners also use revolving credit to access cash easily for daily needs. This could be for unexpected expenses and cash flow issues like losing an important customer, property repairs, seasonal sales drops, or paying a business tax bill.

What are the benefits of revolving credit?

Any business that has PII due are able to apply for personal indemnity insurance funding.

Along with flexibility and speed of access, revolving credit loans you only pay interest for the money you use. You’ll only be charged for the days you withdraw funding rather than for the total amount of credit, such as you’d find with standard business loans.

Is a revolving credit line easy to use?

Once the line of credit has been set up, it can be called upon instantly, making it exceptionally easy to use. Many lines of credit function similarly to bank accounts with their credit limits emulating a positive balance, and can be used in almost identical ways.

How much can I borrow with a revolving credit loan?

You apply to borrow between £5,000 and £1,000,000, based on your business’s affordability.

How long will it take to get a revolving credit loan?

Once you have submitted your application either online or via a phone call, we can usually get offers within less than 24 hours.