Scroll to top

Revolving Credit Facility

Revolving Credit Facility

A revolving credit facility is considered a flexible form of capital finance due to its repayment and re-borrowing accommodations. It is typically used by businesses that require a short-term finance option that need to boost their working capital.

The​ revolving credit facility can be secured by first charge over commercial or residential and second charge over residential properties. It offers multiple drawdowns on demand which can be repaid or reduced and redrawn again. After the initial set up fee, you will not have to pay any interest back until you begin using the credit facility. Interest is then charged on any balance outstanding and can be serviced or accrued.

Why Choose Revolving Credit Facility?

When choosing revolving credit facility, you are removing the need for a new agreement each time you require finance and funding. By using an existing credit agreement, the revolving credit facility can be authorised in a shorter time frame, enabling you to draw down immediately and fund your business once approved. A revolving credit facility agreement typically lasts between six months and two years. This is also beneficial for businesses that need to borrow small amounts on a regular basis and prefer to pay it back over a shorter duration depending on the security.

In comparison to other lines of credit and finance, the revolving credit facility is more flexible in comparison to a fixed business loan for example. With a fixed business loan, you would be required to return the loan amount and interest over a longer term in accordance with a fixed repayment schedule. Although interest rates for revolving credit facilities are typically higher than those for fixed business loans, a revolving credit facility allows you to pay interest for the duration of the loaned amount, either for weeks or months and not the full duration of the agreement. Once the amount is fully repaid to the lender, you can return and choose to withdraw again and again.

What are the loan amount limits

We can fund a facility up to £3m depending on the level of security.

Flexibility

By being a trusted revolving customer who withdraws and repays on time, a lender is more likely to increase your limit on credit with added security in your portfolio.

Pay interest only on what you withdraw

Pay only when you are using the credit facility at a fixed interest rate.

Get in touch

See How Revolving Credit Facility Can Help





    Testimonials

    What our clients say

    “I have worked with Bespoke for several years now and have built up a very trusting relationship with the team. They’re always professional, deal with customers very fairly and ensure they’re offered the most effective solutions to meet their needs. I have no reservations in dealing with Bespoke and their abilities to provide suitable solutions for customers.

    — Scott Campbell

    Head of Barclays Business Sales

    I have recommended Bespoke’s services to a number of our clients, both that have existing factoring facilities and also to clients who are looking at their financing options. The service provided has always been exceptional and the feedback from these clients has been nothing but praise. I would therefore highly recommend the Bespoke team.

    — Tim Pearce

    Managing Partner, Haines Watts

    We contacted Bespoke as we were looking for an invoice finance facility to support the business due to our fast growth. They didn’t disappoint! They gave us first-class advice and support and within a week had provided us with a choice of competitive funding options. Bespoke worked with us through the decision process and helped us secure a finance facility which was ideal for our business and offers the flexibility for future growth. A-first class service throughout.

    — Paul Davison

    Director, Nutraformis

    Contact us

    Get in touch

    Let’s work together

    Please do not hesitate to get in touch. We look forward to hearing from you.