Revolving Credit Facilities

A flexible credit solution for SMEs to access funds up to an agreed limit for an agreed period of time

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Access from £10,000+

A wide range of funding options
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Funding in as little as 48 hours

Apply in minutes
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Flexible funding

Bespoke for your requirements
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No security required

Only a personal guarantee needed
Access revolving credit facilities today
Apply online
or call our team
on 020 3964 2770

Using flexible revolving credit

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Pay employees, suppliers and other creditors
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Purchase equipment and vehicles
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Expand your business
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Invest in advertising

Used and trusted by UK businesses, just like yours

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Your 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

Ready to start? Apply now for a Revolving Credit Facility

Apply now - it's quick and free

1
Tell us how much you need
Fill out the form in less than one minute, with some basic information about your business.
2
We will contact you within 24 hours
A dedicated advisor will be in touch with you within 24 hours, between our working hours of Monday - Friday.
3
Get your funding
We will be there every every step of the way, with access to 150+ lenders we will find you the best deal for your requirements. No fee charged unless we have successfully supplied you with funding.

Or speak to one of our experts over the phone on 020 3964 2770