Revolving credit facilities offer a line of credit where the business pays a commitment fee and is then allowed to use the funds as and when required. It is usually used for operating purposes and can fluctuate each month depending on the customer’s current cash flow needs. Revolving credit facilities offer a real and credible alternative to the bank overdraft.
The standalone business overdraft works in conjunction with current business banking arrangements and you can access funds within the overdraft limit when you need them.
A flexible overdraft solution can provide:
For further information and advice on all aspects of this type of finance and a no obligation chat, please contact us today.
We had a client who had trade debtors but did not want to use an invoice finance company. The main reason for this was that the business was very seasonal
You can spread the cost of your HMRC Self-Assessment tax bill, Corporation Tax or VAT bills using a easy to arrange solution that will ease any pressure on your cashflow.