Revolving Credit Facility

At Liberis, we offer an award-winning alternative to traditional business loans: a Business Cash Advance. Our customers use us to access the funds they need in advance and pay us when they get paid - with payments taken via an agreed % of their customers' credit and debit card takings.

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Revolving credit facility

At the start of 2019, there were nearly 6 million small businesses in the UK – each one offering products and services that meet their customers’ specific needs. But what happens when small businesses have their own demands to satisfy – like getting much-needed financial support?

Knowing where to turn can make all the difference.

Our partner, the British Business Bank, has found that cashflow is a key worry. Revolving credit facilities can be a flexible solution to cover those short-term worries. But we also know that, all too often, the fear of rejection stops businesses applying – even if that fear is unjustified.

So, wouldn’t it be great if you could feel more confident about your chances of getting the help you need. At Liberis, that’s what we’re here to do. With more and more UK businesses switching to alternative finance, turn to us today and discover how we can help.

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Turan Gunes
Truva Meze and Grill

Trusted provider

  • Provided over £400m in funding

  • Funded over 16k business across the globe

  • Alternative Lender of the Year winner for two years running at the Credit Awards

Flexible payments

  • Pay us as your customers pay you. Paymments are made automatically via a small percentage of your customer card transactions

  • One, agreed upon cost that never changes

  • No hidden fees or penalties.

Ongoing support

  • You know your business; we know finance - that's why we always listen carefully to offer you the best finance deals for your needs

     

  • 9/10 of our customers actively recommend us to others

What is a revolving credit facility?

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. 

Why should I choose Liberis Finance?

At Liberis Finance, we’re here to help you get the finance you need for your small business: no worries, no hassle. With our innovative Business Cash Advance, more and more UK businesses now turn to us for flexible access to short-term funding that is quick and easy to apply for.

To keep things ticking over in the short term or grow in the long term, we’ll work with you to provide a funding option that best suits your needs in tougher times or good. We’re transforming how small business finance works – and here are some of our highlights already:

  • £400m funded to UK businesses
  • More than 16,000 businesses funded
  • 90% of our customers would actively recommend us
  • Easy online account management using myLiberis
  • Supported by the UK government backed British Business Investments for your peace of mind

“Whenever we need to refinance it’s quick, it’s easy. It’s all taken care of online and the cash transfer is quick. We personally don’t feel the repayments at all, which takes the sting out of borrowing.” – Liberis customer and Diva Pets owner Wayne Briscoe.

We’re proud of what we’ve achieved so far – so it makes us even more delighted to have been recognised for that too – named Alternative Lender of the Year at the 2018 & 2019 Credit Awards.

Revolving credit facility vs Business Cash Advance?

From covering cashflow challenges to investing in the future success of your business, revolving credit facilities can be an appealing option – particularly for smaller companies who need the short-term wriggle room for ad-hoc cost concerns.

Unlike a traditional bank loan, revolving credit facilities let a borrower repay and reborrow funds within the set limit and for as long as the agreement is in place. It means a business can borrow what it needs, when it needs – without applying over and over again.

While businesses can access funding from a revolving credit facility in leaner times and repay it in thriving times, you get the same funding flexibility from a Liberis Business Cash Advance too. And what makes our solution even more flexible for seasonal businesses considering a revolving credit facility is that you can get support without worrying about mounting interest costs.

If you carry an outstanding balance over on your revolving line of credit each month, you’ll face mounting interest costs for as long as its not repaid. But that’s not how it works with a Business Cash Advance – instead only paying the pre-agreed share of your monthly card takings.

No repayment schedules. No payments you can’t afford. And no creeping cost of borrowing.

And it’s not the only reason why a cash advance could prove more beneficial.

Need repeat funding for something? No problem – it’s easy with Liberis. You won’t even have to pay back your previous cash advance in full before you apply again. Thanks to our early renewal service, go online with myLiberis and join the 80% of our customers who come to us again.

Another key benefit of our cash advance is how the cost of your finance is based on bringing forward your future sales. If you apply for revolving credit, a lender only looks at your credit history and current performance of your business.  At Liberis, we look at your business performance, not just your credit history, which is why we approve over 70% of applications.

Should I apply for a Liberis Business Cash Advance?

 

For businesses who take £5k/month in average card takings and have short-term funding needs for any reason, the answer is “yes”. With figures suggesting that 9 in 10 smaller businesses fail because of poor cashflow*, our solution is the easy and transparent way to secure extra working capital.

“It’s just such a simple system; whoever came up with it should be applauded,” says Liberis customer and Gibsons Nightclub owner, Carleton Leonard. “A percentage of whatever you take in card payments goes directly towards paying your debt – if you could even call it a debt.”

Here are some of the reasons why a Business Cash Advance could help you:

  • No fixed minimum monthly repayment
  • No hidden fees or penalties
  • Manage your account and renew funding online with myLiberis
  • Pay back in line with your cashflow only when customers pay you

(*Source: Office of National Statistics)

How does the Business Cash Advance work?

If you’re accepted you’ll receive your Business Cash Advance as an upfront lump sum. We’ll also agree the cost of your funding at the start too.

You’ll then pay us the total cost of your finance through a small, pre-agreed percentage of your credit and debit card sales. And that’s it. If you have a quieter month than usual, you pay back less. Busy month? Then you’ll pay back more – always in line with your cashflow. Got a new opportunity you want to take advantage of? Waiting on a payment that’s causing a blockage in your business finances?

Don’t miss out or try to muddle through – Liberis lets you apply for repeat funding quickly and easily, often before you’ve paid down an original advance. Using your online myLiberis account, applying for repeat funding couldn’t be simpler.

What can short-term funding be used for?

How you use a Business Cash Advance is entirely up to you – based exclusively on the needs of your business. From our own research, we know many small businesses see short-term funding as the best way to grow and hit new targets. But, for nearly a quarter of businesses, it can be the difference between keeping going or giving up.

No matter why you need it, the Business Cash Advance is the funding injection tailored to you. You can bridge gaps in cashflow, invest in equipment and training or buy more stock.

Can I get revolving credit with bad credit?

Bad credit (or a less-than-perfect credit score) doesn’t have to stop you getting the funding you need. At Liberis, we decide applications based on future potential – not just past activities.

How do I apply?

Are you going round in circles trying to get revolving credit for your business? Are you still to find a flexible funding solution that covers your cashflow concerns?

Apply for the Liberis Business Cash Advance and become the latest in a long line of businesses across the UK that we’ve supported when they’ve needed it most. Look to the future with confidence – and we’ll be there to help with our proven track record of supporting businesses just like yours. To get started, you can get in touch with our team by giving us a call, or clicking the "GET A QUOTE" button.

Business stories

Here's what some of the small businesses we've funded have to say about Liberis Finance!