Revolving Credit Facility
Looking for an on-demand credit loan whenever you want?
Get access to capital whenever your business needs it. Revolving Credit Facility is one of the alternative flexible finance options that allows for on-demand money withdrawal and convenient repayment as and when needed.
What is a Revolving Credit Facility?
Revolving Credit Facility is a dynamic form of business loan different from static options like overdrafts or secured loans. The funding limit, repayment cycle terms and conditions are agreed upon between borrower and lender before undertaking RCF. One distinct feature is paying interest only on the amount withdrawn from the total loan amount. The cycle replenishes after repayment without needing to reapply.
Secure Your FundingWhat can you use Revolving Credit Facility for?
Payroll management and wages
Cash flow stabilization
Working capital requirements
Unexpected business expenses
Renovation and maintenance costs
Inventory and stock management
Seasonal business fluctuations
Flexible Access to Working Capital
Revolving Credit Facility is more suited for working capital needs of small and medium-sized businesses. SMEs can take advantage of RCF to fulfill all sorts of legitimate business purposes - from payrolls to renovation and maintenance. Any cash needs of your business are well taken care of by availing this flexible facility.
Use Revolving Credit to pay back only on the amount of money used. The convenience of immediate access, combined with the ability to withdraw, repay, and re-withdraw without reapplication makes RCF one of the most popular alternative financing options among UK businesses.
Salient features of Revolving Credit Facility
Rolling Agreement
RCF does not require renewal or modifications every time you withdraw, repay, and re-withdraw. It lays down clear conditions at the onset which are followed without needing to reapply.
Same-Day Withdrawals
In many cases, if you prove to be an ideal borrower, lenders allow you to withdraw cash on the day of your application. RCF is one of the faster finance instruments available.
Better Cash Flow Management
By availing RCF, businesses can improve their cash flow management and use immediately available cash for all business operations. Access finance whenever you want.
Short-Term Commitments
Unlike traditional credit facilities, you're not tied to long-duration agreements. RCF is an on-demand facility - discontinue the finance cycle whenever you wish.
Compounding Relationships
Lenders tend to increase the sanctioned amount and spending limit if you promptly adhere to withdrawal and repayment conditions, building trust for easier future borrowing.
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