FINANCE OPTIONS

^240k Business Line of Credit - Apply Now

Q: How much can I borrow with a Business Line of Credit?

You can access between £5,000 and £5 million, depending on your credit score, cash flow history, and collateral if applicable. This range is flexible to suit various business needs.

Q: How quickly can I receive a decision on my Business Line of Credit application?

Decisions can take from a few days to several weeks, influenced by the completeness of your application and lender's requirements. Generally, funds are made available 1 to 5 days post-approval.

Q: What are the typical interest rates for a Business Line of Credit?

Interest rates range from 3% to 60%, varying by type and business risk profile. Specific conditions, such as collateral and industry, can significantly influence the rate.

Q: What are the eligibility requirements for a Business Line of Credit?

Eligibility generally requires a robust credit score, proven revenue, and sometimes collateral. Businesses also need to provide financial documents and potentially undergo a manual review.

A £240,000 business line of credit provides UK SMEs with flexible access to funds, supporting essential cash flow needs such as payroll, inventory management, and day-to-day operational expenses. As a versatile financing option from Funding Agent, this credit facility empowers businesses to bridge short-term financial gaps and optimise working capital without the constraints of traditional loans.

Secure up to £240,000 in Business Line of Credit with Funding Agent.

Secure up to £500,000 in Secure up to £240,000 in Business Line of Credit with Funding Agent. with Funding Agent.

Quick and easy application process
Loan disbursed within 24 hours
No additional charges for early repayment

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What are the ^benefits of 240k Business Line of Credit?

The primary advantage of a Business Line of Credit is its flexibility. Businesses like retail and tech companies can manage inventory costs or operational expenses effectively. Typically, asset-based lending complements this by offering variable borrowing amounts and responsive decision speeds, enhancing liquidity management.

Flexible funding access

Manage cash flow

Build business credit

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of 240k Business Line of Credit?

Revolving Line of Credit

The Revolving Line of Credit suits businesses with at least two years of history, offering £10,000 to £500,000 over 6-36 months, subject to credit checks.

Revolving Line of Credit

The Revolving Line of Credit, with interest rates of 5% to 15%, supports sectors like retail and hospitality with quick decision-making, helping manage operational variances.

Secured Line of Credit

The Secured Credit Line requires collateral and supports large-scale funding from £50,000 to £5 million with 12-60 months terms. Visit Bridge Loan for more.

Secured Line of Credit

Secured facilities often feature competitive rates (3%-10%) based on collateral, suitable for manufacturing and tech investments. The collateral appraisal process ensures tailored solutions, as described in our asset finance resource.

Merchant Cash Advance (as Line of Credit)

Our Merchant Cash Advance serves businesses with steady card sales, offering quick funds from £5,000 to £300,000 over 3-12 months.

Merchant Cash Advance (as Line of Credit)

Ideal for covering immediate cash flow needs, the Merchant Cash Advance employs fast processing with factor rates of 1.1 to 1.5, positioned for sectors like retail.

What is a 240k Business Line of Credit?

Application and Approval Process

Businesses must provide financial statements and undergo credit checks. Approval times vary from a few days to weeks. Discover our streamlined process on Revolving Credit.

Regulatory and Compliance Standards

Compliance with FCA regulations ensures transparency. Our MCA solutions highlight fair practices and client protection.

Determining Your Borrowing Capacity

Your line of credit is influenced by credit scores and industry risks. Calculate potential with our tools.

Get Funding For your business

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FAQ’S

How much can I borrow with a Business Line of Credit?

How quickly can I receive a decision on my Business Line of Credit application?

What are the typical interest rates for a Business Line of Credit?

What are the eligibility requirements for a Business Line of Credit?

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^240k Business Line of Credit - Apply Now

What are the ^benefits of 240k Business Line of Credit?

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of 240k Business Line of Credit?

Revolving Line of Credit

Revolving Line of Credit

Secured Line of Credit

Secured Line of Credit

Merchant Cash Advance (as Line of Credit)

Merchant Cash Advance (as Line of Credit)