One of many flexible funding solutions in the alternative finance market

A revolving credit facility is effectively a type of loan that can be automatically renewed.

During the length of the agreement, a borrower can make numerous withdrawals and repayments whenever they need the additional funding. A business might use it regularly or just one or two times — no business is the same and it’s up to them how and when the facility is used.

Interest rates are fixed and are usually paid daily, enabling you to manage your cash flow effectively. The limit that you can withdraw is likely to be the equivalent of one month of turnover for your business. The lender will also take your business credit history and financials into account when making a decision to lend.