Revolving Credit Facility

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A revolving credit facility is one of the many flexible funding solutions of credit that enables you to fund your business, you can then repay it and then withdraw it once again as per the requirement. It’s one of the most sought-after solutions on the alternative finance market today.

Revolving Credit Facility is designed to support you with managing your cash flow and there is a facility to draw at any time and you can only pay interest when you use it. It is a flexible funding solution offering a market leading rate starting from 0.05% per day.

Revolving credit facility can act as an alternative to overdraft. It is simple and an easy access to funds with just weekly interest repayment till the return the principal amount avoiding long term commitment.

Overview

  • Loans from £10000
  • Interest only for 12-month term
  • Rates starting from 0.05% per day
  • No fixed monthly repayments

Eligibility Criteria

  • Must be registered as a limited company or limited liability partnership
  • Minimum 6 months of trading required
  • Director must be a UK property owner

Documents

  • 6 months of business bank statements
  • Latest Accounts
  • Confirmation of HMRC being up to date
  • Latest aged Debtor and Creditor report