^Business Line of Credit for Property Development - Apply

SMEs using a revolving line of credit can handle fluctuating cash needs effectively. Amounts typically range from £50,000 to £1 million with interest rates between 5% and 10% APR. Quick decisions, taking 5 to 10 business days, assist in managing purchases such as building materials. Use cases include funding renovations for retail spaces, enabling continuous project progression.

Secured lines cater to major construction needs. With longer terms (12-36 months) and reduced interest rates (3-8% APR), these credits are suitable for acquiring large-scale assets. Approval spans 7 to 14 business days and require substantial due diligence on the offered collateral. Hospitality developments, like hotel expansions, are typical applications.

Unsecured lines maintain flexibility without collateral, albeit with higher interest rates (8-15% APR). Speed is a critical advantage, with decisions ranging from 3 to 7 business days. This option supports smaller, immediate funding needs like office refurbishments or crucial repairs, commonly seen in tech company workspace updates.