450k Revolving Credit Loans - Apply Now
A 450k revolving credit loan offers businesses a flexible financing option that allows borrowing up to £450,000 while paying interest only on the amount used. This finance solution helps manage cash flow and cater to short-term needs, such as unexpected expenses, much like a credit card or overdraft facility.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of 450k Revolving Credit Loans?
Key benefits of a revolving credit facility include access to funds when needed, payment flexibility, and no need for constant reapplication. Businesses enjoy competitive rates, quick decisions, and substantial borrowing amounts, up to £500,000, which enhance financial agility and stability.
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What are the different types of 450k Revolving Credit Loans?
Business Line of Credit
The Business Line of Credit is ideal for businesses with a minimum six-month trading history, offering between £10,000 to £500,000. Eligible businesses must demonstrate stable revenue and a good credit score.
Overdraft Facility
An Overdraft Facility allows businesses with a current account at a good credit score bank to cover operational expenses swiftly, offering £1,000 to £250,000, with annual review terms.
Invoice Finance Facility
The Invoice Finance Facility helps businesses unlock cash tied in unpaid invoices with amounts ranging from £10,000 to £500,000. Eligibility requires invoicing other businesses.
What is a 450k revolving credit loan?
Application Process and Approvals
The application for a revolving credit loan involves providing financial statements, credit checks, and sometimes collateral or guarantees. Decisions can be expected within 24 hours to 2 weeks.
Regulatory Compliance
Regulated by the FCA, these loans adhere to strict compliance, ensuring fair treatment of consumers and transparency in terms and charges.
Borrowing Capacity and Rates
The facilities provide amounts from £1,000 to £500,000, with rates between 6% and 15% APR. Factors affecting rates include credit score and market conditions.
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