FINANCE OPTIONS

^70k Business Line of Credit - Apply Now

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

With a business line of credit, UK SMEs can borrow anywhere from £1,000 to £250,000. This amount is determined by factors such as business credit score, financial stability, and whether the line is secured or unsecured.

Q: How quickly can I receive an approval for a credit line?

Approval for a business line of credit can typically occur within 24 hours to a week, varying based on the lender, completeness of your application, and whether collateral needs appraisal for secured lines.

Q: What interest rates can I expect on a business line of credit?

Interest rates for a business line of credit vary significantly, ranging from 4% to 20% APR, influenced by the type of credit (secured vs unsecured), creditworthiness, and the length of the borrowing term.

Q: What are the requirements for eligibility?

Eligibility for a business line of credit typically requires a good credit score, strong business financials, and a trading history of at least two years for unsecured lines. Secured lines additionally require appraised collateral.

A £70,000 business line of credit provides UK SMEs with flexible access to funds, tailored to manage essential cash flow needs such as payroll, inventory procurement, and unexpected operational expenses. This revolving credit facility allows businesses to draw funds as needed, ensuring financial agility and continuity during periods of fluctuating revenue. Funding Agent supports SMEs in securing this vital financing solution to optimise working capital and drive sustainable growth.

Secure up to £70,000 in Business Line of Credit with Funding Agent.

Secure up to £500,000 in Secure up to £70,000 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 70k Business Line of Credit?

The main advantage of a business line of credit is its flexibility. Interest is only charged on the amount drawn, making it a cost-effective solution for short-term needs. With decision times as fast as 24 hours, SMEs can quickly access funds up to £250,000. We are dedicated to helping you secure these flexible funding solutions efficiently.

Flexible funding access

Improved cash flow

Lower interest rates

SCALE YOUR BUSINESS TO NEW HEIGHTS

What are the different types of 70k Business Line of Credit?

Revolving Line of Credit

Revolving lines of credit require a minimum of 2 years trading history, good credit score, and sufficient revenue. Typical amounts range from £5,000 to £100,000 over terms of 6 to 36 months. Explore revolving credit options.

Revolving Line of Credit

With interest rates between 6% and 15% APR, and decision times between 1 to 3 days, revolving credit loans suit managing everyday cash flow, inventory purchases, and are commonly used by retail businesses and manufacturers. Learn more about revolving credit solutions.

Secured Business Line of Credit

A secured business line requires collateral, thus offering amounts from £10,000 to £250,000 with terms of 12 to 60 months. It typically involves lower interest rates. Explore secured loan options.

Secured Business Line of Credit

Providing lower interest rates ranging from 4% to 12% APR and approval spans from 3 to 7 days, secured credit lines are ideal for large investments or expansions and are popular in the hospitality and manufacturing sectors. Discover more about secured credit lines.

Unsecured Business Line of Credit

Unsecured lines require a strong credit score and financials, offering £1,000 to £50,000 over 3 to 24 months. Interest rates are higher, but approval is quick. Check unsecured options.

Unsecured Business Line of Credit

With interest rates from 8% to 20% APR and decisions often made within 24 to 48 hours, these lines are perfect for rapid expenses or projects, favored by tech start-ups for development finance. Learn more about unsecured credit solutions.

What is a 70k Business Line of Credit?

Application Processes

Applying for a business line of credit usually involves presenting robust business financials and credit history. Approval can range from within a day to a week depending on completeness and the type of line. Our streamlined processes are designed to facilitate your funding needs efficiently. Explore our application supports.

Regulatory Requirements

All providers in the UK offering business credit must be authorised by the FCA. Moreover, lines below £25,000 also benefit from protections under the Consumer Credit Act. See how we ensure regulatory compliance.

Borrowing Capacity and Rates

The borrowing capacity ranges from £1,000 to £250,000, influenced by credit score, revenue, and available collateral. Rates oscillate between 4% and 20% APR, determined by creditworthiness and line type. Find competitive rate offers.