^Revolving Credit Facility Ireland - Get a Quote

To secure a Bank Credit Line, SMEs usually need two years of trading and a positive credit record. Facilities range from £10,000 to £500,000 with terms of 12 to 36 months, reviewed periodically. Application involves credit assessment and, once approved, businesses can draw and repay funds repeatedly. Banks typically serve sectors like retail, manufacturing, and services where cash needs fluctuate.

Peer-to-Peer Credit Lines are accessible to a wider range of SMEs, often requiring financials and business projections. Credit limits span £5,000 to £250,000 with terms up to 24 months. The application is reviewed by multiple investors, which can make approval quicker. This model benefits sectors like technology and retail, offering broad flexibility and responsiveness for growth phases.

Through a straightforward online application, SMEs can secure lines ranging from £2,000 to £100,000, with approval possible in 24 to 48 hours. Terms are usually up to 18 months, and these credit lines are well-suited to sectors like e-commerce and consulting that value immediate financial agility. The process prioritises speed, allowing businesses to respond quickly to cash flow needs.