FINANCE OPTIONS

^280k Business Line of Credit - Apply Now

Q: How much can I borrow with a business line of credit?

You can borrow from £10,000 up to £500,000, with the amount influenced by your credit history, revenue consistency, and asset value for secured lines.

Q: How quickly can I get a decision on my line of credit application?

An initial decision is typically made within 1 to 3 weeks, with funds available 1 to 5 days after approval, depending on application completeness and lender efficiency.

Q: What are the typical interest rates for a business line of credit?

Interest rates vary between 4% to 15% annually, influenced by the security offered and creditworthiness, with possible additional fees.

Q: What are the general eligibility requirements for obtaining a business line of credit?

Eligibility depends on the type of credit. Secured options require collateral, while unsecured options require strong financials and credit history.

The business line of credit offers SMEs flexible access to funds up to £280,000. This line of credit allows businesses to draw funds as needed, ideal for maintaining cash flow or pursuing growth opportunities. With a business line of credit, you pay interest only on the amount used, ensuring cost-effective borrowing tailored to your specific needs.

Business Line of Credit

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

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

Apply Now

What are the ^benefits of 280k Business Line of Credit?

Utilizing a line of credit provides numerous benefits, such as quick access to up to £500,000, with decisions often made in 1 to 3 weeks and funds available within 1 to 5 days. Rates range from 4% to 15%, making it a competitive choice for businesses aiming to optimize their financial strategy.

Flexible funding access

Improved cash flow

Supports business growth

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of 280k Business Line of Credit?

Secured Business Line of Credit

A secured line of credit typically requires business assets as collateral, with amounts ranging from £50,000 to £500,000. This option generally offers more favorable rates.

Secured Business Line of Credit

The secured business line of credit revolves as you repay, with terms from 12 to 36 months. Interest rates vary from 4% to 10% depending on the collateral and creditworthiness. It's ideal for funding large projects or managing seasonal cash flow in sectors like manufacturing and retail.

Unsecured Business Line of Credit

An unsecured line of credit requires no collateral, offering amounts from £10,000 to £250,000 based on your business's financial health.

Unsecured Business Line of Credit

The unsecured line of credit is ideal for quick opportunity funding or covering operational expenses. With terms from 6 to 24 months and rates from 8% to 15%, this option suits tech startups and service industries.

Invoice Financing Line of Credit

Invoice financing lines, such as invoice factoring, allow leveraging unpaid invoices for amounts between £20,000 and £280,000.

Invoice Financing Line of Credit

This form of credit allows businesses to free up cash tied in invoices due within 1 to 3 months. It's suited to sectors like logistics and consulting, with interest rates from 1% to 5% over the base rate.

What is a 280k Business Line of Credit?

Application Processes

Applying for a business line of credit involves submitting financial statements and, if applicable, collateral details. Decisions are generally made within 1 to 3 weeks. Streamlined application processes through our funding application page can expedite this.

Regulatory Requirements

Lenders offering lines of credit must be authorised by the Financial Conduct Authority and comply with consumer protection codes. We provide guidance to ensure that your business meets all necessary regulatory standards.

Borrowing Capacity

Your business's borrowing capacity is influenced by credit history, revenue consistency, and asset value. Competitive rates, ranging from 4% to 15%, are available, with no hidden fees on principal amounts of up to £500,000.