Revolving credit
A safety net you only pay for when you use it.
A revolving credit facility gives your business a set limit. Draw what you need, repay it, and the funds are there again next time.
- Limit
- £1k–£1m
- across lenders on our panel
- Pay interest on
- What you use
- Draw down
- As needed
- Cost to check
- £0
Ranges reflect lenders on our panel. What you’re offered, and the cost, depends on your business and the lender.
Good for
- Covering gaps between paying suppliers and getting paid
- Seasonal businesses that need extra headroom at peak times
- Having funds ready for opportunities, such as bulk-buying stock
- Businesses that would otherwise take several small loans
How it works
- 1
Agree a limit
The lender sets a limit based on your revenue and trading history.
- 2
Draw what you need
Take funds from the facility when you need them, often within the same day.
- 3
Repay on your schedule
Each drawdown is repaid over an agreed period, with interest only on what’s outstanding.
- 4
Use it again
As you repay, the limit frees up for next time.
Costs and trade-offs
What it costs, honestly.
How it’s priced
You pay interest on the amount drawn, not the whole limit. Some facilities also have a fee for each drawdown or a monthly charge. Your adviser will set out every charge so you can compare a facility fairly with a one-off loan.
Check the true cost of a quoteWhy people choose it
- Pay only for what you use
- Funds on hand without reapplying
- Useful for uneven cash flow
Worth knowing
- Easy access can make borrowing creep up
- Rates can be higher than a term loan
- The lender can review or reduce your limit
What lenders usually look for
Every lender is different. If you don’t tick every box, talk to us anyway: part of our job is knowing who might say yes.
- Trading for at least 6 months
- Steady revenue, often from about £1,000 a month for smaller limits
- Recent bank statements or an open banking connection
- A director’s personal guarantee, for most lenders
How is revolving credit different from an overdraft?
Both give you a limit to draw on, but a revolving credit facility comes from a specialist lender rather than your bank, often with a higher limit and a set repayment period for each drawdown.
Do I pay anything if I don’t use it?
With many facilities, no; you pay interest only on what you draw. Some charge a monthly or annual fee to keep the facility open. We’ll tell you before you choose.
Other routes
You might also consider
- Business loansBorrow a lump sum and repay it in fixed instalments. An adviser looks across our panel, explains what each offer really costs and helps you choose with confidence.
- Invoice financeIf your customers take 30, 60 or 90 days to pay, invoice finance releases most of an invoice’s value now, so you can keep the business moving.
- Merchant cash advanceGet an advance against your future card sales and repay a small share of each day’s takings. On quiet days you repay less; on busy days, more.
Your next move starts with a clearer view.
Tell us what you need. We'll show you the routes that fit your business and help you take the next step.