For business owners, revolving credit facilities can offer a flexible solution – helping to increase the capital available to you when it’s needed most. From paying bills to covering payroll or topping up stock levels, a revolving credit loan is like an on-demand stream of finance.
Two examples of revolving credit facilities are business credit cards and business lines of credit. Both let you spend what you need within the agreed limit. As you pay back what you owe (and any interest due), this credit is available to you once again.
While this flexibility can bring real benefits to smaller firms looking to access finance, there’s no guarantee it’ll fully meet your needs. The amount of credit that you’re given can rest on factors such as how you plan to use it, how well your business is doing and even your credit score.
This is why we believe businesses need a better choice. And we believe our Business Cash Advance is that better choice – the alternative to revolving credit limit loans that works for you.