Revolving Credit Facilities
A flexible credit solution for SMEs to access funds up to an agreed limit for an agreed period of time
Access from £10,000+
A wide range of funding options
Funding in as little as 48 hours
Apply in minutes
Flexible funding
Bespoke for your requirements
No security required
Only a personal guarantee neededUsing flexible revolving credit
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Used and trusted by UK businesses, just like yours
Click here to read moreYour revolving credit questions, answered
A Revolving Credit Facility (also known as ‘RCF’), is a flexible funding solution offered to businesses. It is much like an overdraft or a credit card; a line of credit where borrowers are given a set credit limit, which they are able to withdraw and repay over a specified period of time. It is a usually a short-term facility with terms typically between 3 and 12 months.
To find out more about revolving credit facilities, read our helpful guide.
Unlike a term loan, a RCF facility or RCF loan allows the borrower to borrow funds, repay and then re-draw the funds for the agreed term. This means that the borrower can reuse the funds until the agreement terminates. The interest rate is fixed and the frequency of repayments varies from lender to lender, but are generally made daily, weekly or monthly.
Benefits of revolving credit include:
- Quick funding – your business can receive a funding within hours
- Flexible – this type of facility provides business owners with access to finance when they need it
- Simple process – you do not need to sign a new agreement for every time you require finance, unlike a term loan
- No security required – lenders generally do not request collateral in support of the loan
Disadvantages of a revolving credit line are:
- Directors will be asked to sign a Personal Guarantee
- It is not a long-term solution
- Interest rates may be higher than traditional borrowing
We can assist businesses in securing finance from £10k up to £1m. The amount you can borrow will depend on your business, credit history and requirements. To find out how much you can access on a revolving loan, contact us on the form below!
As a business finance broker, Newable has direct access to lenders on the market.
By using a broker, you will benefit from:
- More time spent in your business – as the broker will do all of the leg work for you
- Access to more products – the broker will have more knowledge and potentially access to more lenders that if you were to research on your own
- Save money – your broker will find you an offer that best fits your business requirements and will also look for the best rate possible
- What is a revolving credit facility?
- How does a revolving credit facility work?
- What are the benefits of a revolving credit facility?
- What are the disadvantages of a revolving credit facility?
- How much can I borrow?
- Why should I work with a finance broker?
A Revolving Credit Facility (also known as ‘RCF’), is a flexible funding solution offered to businesses. It is much like an overdraft or a credit card; a line of credit where borrowers are given a set credit limit, which they are able to withdraw and repay over a specified period of time. It is a usually a short-term facility with terms typically between 3 and 12 months.
To find out more about revolving credit facilities, read our helpful guide.
Unlike a term loan, a RCF facility or RCF loan allows the borrower to borrow funds, repay and then re-draw the funds for the agreed term. This means that the borrower can reuse the funds until the agreement terminates. The interest rate is fixed and the frequency of repayments varies from lender to lender, but are generally made daily, weekly or monthly.
Benefits of revolving credit include:
- Quick funding – your business can receive a funding within hours
- Flexible – this type of facility provides business owners with access to finance when they need it
- Simple process – you do not need to sign a new agreement for every time you require finance, unlike a term loan
- No security required – lenders generally do not request collateral in support of the loan
Disadvantages of a revolving credit line are:
- Directors will be asked to sign a Personal Guarantee
- It is not a long-term solution
- Interest rates may be higher than traditional borrowing
We can assist businesses in securing finance from £10k up to £1m. The amount you can borrow will depend on your business, credit history and requirements. To find out how much you can access on a revolving loan, contact us on the form below!
As a business finance broker, Newable has direct access to lenders on the market.
By using a broker, you will benefit from:
- More time spent in your business – as the broker will do all of the leg work for you
- Access to more products – the broker will have more knowledge and potentially access to more lenders that if you were to research on your own
- Save money – your broker will find you an offer that best fits your business requirements and will also look for the best rate possible
