Revolving Credit Facilities – On-demand flexible funding, access immediately & pay interest only on what you borrow
- Credit limit of up to £1 million
- Terms up to 60 months
- Approved within hours
- Control over how and when you borrow
- No fees for early repayment
- Only pay interest on what you use, when you use it
Simple Steps to Funding
01
Apply
It only takes a minute to get started. Fill in our simple form to check your eligibility.
02
Approval
A BEAR Finance expert will call you within 1 working hour to understand your business' finance requirement.
03
Agreement
We use our expertise and panel of lenders to match you with the perfect solution. Fast, simple and explained in full.
04
Funded
In-funds as fast as 24 hours. Your BEAR Finance expert will provide ongoing support as your business continues to grow.
Frequently Asked Questions
What is a Revolving Credit Facility and how can I use it?
Revolving Credit Facilities offer a flexible way for a business to draw funds as needed up to a set limit. These can be used for when you are not sure how much you need and want to stay in control of when and how much you borrow. Ideal for seasonal businesses who want to take control and capitalise on opportunities.
Am I eligible for a Revolving Credit Facility?
Any Limited business in the UK can apply for a Revolving Credit Facility, as long as they have been trading for more than 1 year and have an annual turnover of £250,000 or more. Simply complete our form to discover if you are eligible CLICK HERE.
Can I get a Revolving Credit Facility with bad credit?
Our Revolving Credit Facility lenders typically underwrite based on business turnover and performance rather than personal credit strength. However, having a financially strong and profitable business, coupled with good personal credit, will result in the cheapest interest rates available.
How do I apply for a Revolving Credit Facility?
Our initial applications require only soft credit checks through a simple process that needs minimal business information and can be completed in seconds. CLICK HERE TO APPLY.
Do I need a personal guarantee?
With a Revolving Credit Facility, some lenders will require a personal guarantee and some lenders have options where no personal guarantee is required from any Director or Shareholder.
What is the interest rate for a Revolving Credit Facility?
Interest rates are determined by the level of risk that lenders associate with your business. The rate you receive is directly influenced by your business' financial situation and performance. Due to the level of flexibility that a Revolving Credit Facility can offer a business, sometimes it may be more expensive than a standard Term-Loan. However this is to be expected given the flexible nature of the product.
How much can I borrow and for how long?
You can borrow up to £1 million at a maximum term of up to 60 months. However, each time you redraw down, your term is reinstated.
Is a Revolving Credit Facility right for my business?
Revolving Credit Facilities are ideal for businesses requiring maximum flexibility and can also offer businesses large amounts where other lenders can't.
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