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An unsecured revolving credit line is usually suited to established SMEs with consistent trading and satisfactory bank references, where those are used. Many providers still request financial statements and may consider director guarantees, even without asset specific security. Typical facility amounts are commonly in the £25,000 to £250,000 range, with lending terms often set for 12 to 36 months. Decision times are commonly around 1 to 4 weeks depending on underwriting complexity, and pricing is often variable, frequently in the roughly 7% to 14% per annum range on drawn amounts.

Secured revolving credit, sometimes structured as asset backed or with guarantees, is more likely when the business can offer security such as a charge over business assets, and sometimes a personal or director guarantee. Typical amounts are often £50,000 to £500,000 or more, supported by the value and quality of the security and the cash generating ability of the business. Terms commonly run for 12 to 60 months, with additional due diligence taking place during setup. Typical decisions often take around 2 to 6 weeks. Pricing is usually variable and may fall roughly within a 6.5% to 12.5% per annum indicative range on drawn amounts, depending on risk, structure, and covenant strength.

Invoice-based revolving credit is designed around receivables. Eligibility typically requires regular invoicing, an assessable customer base, and acceptable invoice quality, with providers reviewing debtor concentration and controlling which invoices are eligible. Typical facility sizes are commonly £25,000 to £400,000 or more, with lending terms usually 12 to 36 months. Decision times are often around 1 to 4 weeks, though it can take longer when debtor and invoice checks require more time. Pricing often includes interest on drawn amounts plus service costs, and the total cost may sit in a mid to high single digit to mid teens effective annual cost range for many SMEs when service elements are included, depending on utilisation and fee structure.