FINANCE OPTIONS

Business Line of Credit for Logistics - Apply Now

A business line of credit for logistics is a dynamic financial tool designed to provide logistics companies with access to funds up to a pre-approved limit. This financial solution is particularly advantageous for managing cash flow, purchasing equipment, or financing everyday operational costs. Practical in handling revenue fluctuations or paying suppliers, it supports logistics firms in navigating unexpected expenses effectively.

Line of Credit

Secure up to £500,000 in 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 Business Line of Credit for Logistics?

With flexibility in borrowing and repayment, logistics companies enjoy the benefit of only paying interest on the withdrawn amount. Unsecured options eliminate collateral requirements, speeding up access to essential funds with decision times ranging from 1 day to a few weeks.

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Flexible funding access
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Improves cash flow
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Supports business growth

SCALE YOUR BUSINESS TO NEW HEIGHTS

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What are the different types of Business Line of Credit for Logistics?

Revolving Line of Credit

The Revolving Line of Credit, offering flexibility, requires businesses to have at least 12 months of history and a minimum revenue of £50,000. It typically ranges from £5,000 to £250,000.

Revolving Line of Credit

This type of credit usually spans 12 to 36 months with interest rates between 6% and 12% annually. It is ideal for businesses facing cash flow issues during off-peak periods, with applications needing financial statements and business plans.

Secured Line of Credit

A Secured Line of Credit demands collateral, such as property or equipment, and suits firms with revenue above £100,000. Eligible amounts span from £10,000 to £1,000,000.

Secured Line of Credit

These credits have lending terms between 24 to 60 months, with interest rates from 5% to 8%, reflecting lower lender risk. Used by manufacturing firms for machinery or logistics companies for fleet expansion, these require detailed collateral evaluation.

Unsecured Line of Credit

The Unsecured Line of Credit allows access based on creditworthiness without needing collateral. Amounts range from £2,000 to £50,000.

Unsecured Line of Credit

Due to increased lender risk, interest ranges from 8% to 15%. Decision times are swift, from 1 to 2 days for pre-approval, benefitting start-ups needing short-term funds for projects or emergency expenses.

What is a Business Line of Credit for Logistics?

Application Process Overview

Our streamlined application process involves verifying business credentials and credit checks, typically with financial statements. Decisions can range from immediate to a few weeks, based on the line of credit type.

Regulatory and Compliance Requirements

In the UK, all lenders must be authorised by the Financial Conduct Authority (FCA). Compliance includes anti-money laundering and data protection regulations, ensuring a secure financial environment.

Borrowing Capacity and Rate Information

Borrowing capacity is influenced by the business's financial health, history, and collateral evaluation, where applicable. Rates typically range from 5% to 15%, with additional fees like arrangement or renewal fees.

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FAQ’S

How much can I borrow with a business line of credit?
How quickly can I get a decision on my line of credit application?
What are the interest rates for these lines of credit?
What are the eligibility requirements for obtaining a line of credit?

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