FINANCE OPTIONS

^Get 380k Business Line of Credit

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

The borrowing capacity ranges from £5,000 to £2,000,000, subject to factors such as business financial health, credit score, collateral, and lender policies. This flexible range allows SMEs to cater to various needs, from covering short-term cash flow gaps to substantial investments.

Q: How quickly can my Business Line of Credit be approved?

Initial decisions on a Business Line of Credit can be made in 1 to 7 business days, with funds typically available within 24 hours post-approval, contingent on application completeness and credit assessment.

Q: What interest rates can I expect for a Business Line of Credit?

Interest rates for a Business Line of Credit typically range from 3% to 20% APR. The rate depends on several factors, including the creditworthiness of your business, the amount borrowed, and the terms of the credit line.

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

Eligibility varies by credit type. Generally, SMEs should have a strong credit history, trading history of at least 1-2 years, and in some cases, be willing to offer collateral for secured lines. Exact criteria depend on the type of credit line being pursued.

The Business Line of Credit offers SMEs essential financial flexibility, allowing access to funds up to a predefined limit, perfect for managing variable cash flow needs. This solution facilitates ease of access to operational funds, enhances liquidity, and supports business resilience in dynamic markets.

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

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What are the ^benefits of 380k Business Line of Credit?

Utilising a Business Line of Credit brings significant benefits such as flexible borrowing, interest on used amounts only, and continuous access to funds. Swift decision-making and disbursement processes make it an attractive option for agile businesses. Maximum borrowing amounts reach up to £2,000,000, ensuring you have the capital required to seize opportunities.

Flexible funding

Improves cash flow

Builds credit history

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of 380k Business Line of Credit?

Revolving Credit Facility

A Revolving Credit Facility is ideal for UK SMEs with a positive cash flow and two years of trading history, offering amounts from £10,000 to £500,000 with terms from 6 to 36 months.

Revolving Credit Facility

This facility provides an interest rate range of 4% to 15% APR with decision times between 2 to 5 business days. It's excellent for handling seasonal sales variability or emergency expenditures in sectors like retail and hospitality.

Secured Business Line of Credit

The Secured Business Line of Credit suits larger SMEs ready to use assets as collateral, offering £50,000 to £2,000,000 loans with lending terms between 12 and 48 months.

Secured Business Line of Credit

Interest rates for secured credit range from 3% to 10% APR, with decisions made in 3 to 7 business days. It supports large capital needs such as expansion projects or technology investments in manufacturing and technology industries.

Unsecured Business Line of Credit

An Unsecured Business Line of Credit is designed for companies with strong credit histories, offering amounts £5,000 to £250,000 over 3 to 24 months.

Unsecured Business Line of Credit

With interest rates from 7% to 20% APR and quick decisions typically within 1 to 3 business days, this credit line is perfect for short-term needs like marketing initiatives. It is well-suited for rapidly growing sectors such as tech startups and retail outlets.

What is a 380k Business Line of Credit?

Streamlined Application Processes

Applying for a Business Line of Credit typically involves submitting financial documents and credit histories. Advances in digital platforms have expedited these processes, ensuring you can access much-needed funds swiftly. Find out more about application processes.

Regulatory Compliance & Requirements

The Financial Conduct Authority regulates credit activities, ensuring fair and transparent lending practices. Compliance with these regulations offers protection against predatory lending. Learn about our commitment to transparency.

Factors Affecting Borrowing Capacity

Your borrowing capacity is influenced by factors like business health, credit score, and available collateral. Understanding these elements can optimize your access to capital. Discover more about borrowing choices.