Revolving credit facility
A revolving credit facility is a flexible, pre-approved limit you can draw down and repay as you need, paying interest only on the balance you're using. It's working capital that flexes with your business.
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Limit
£10,000 – £250,000
Interest
Charged only on the drawn balance
Term
Rolling / renewable
Who it suits
Businesses with lumpy or seasonal cashflow
Covering short-term gaps without re-applying each time
Owners who want a safety net rather than a fixed lump sum
Pros
Only pay for what you draw
Reusable without re-applying
Fast access once set up
Worth knowing
Limits are usually smaller than a term loan
Variable rates are common
What it costs you
Indicative only. Actual terms depend on the lender and your circumstances. The calculator shows monthly repayments across the ranges above.
Related facilities
Frequently asked questions
How is a revolving credit facility different from a loan?
A loan is a single lump sum repaid on a fixed schedule. A revolving facility is a reusable limit you draw, repay, and draw again, paying interest only on what's outstanding.
See what you qualify for
Start your application now. It's free, takes minutes, and there's no credit check to view your options.