Cost
Because the business only borrows what it needs and can pay back quickly, costs can be significantly lower overall vs taking out a loan.
Revolving Credit Facilities (RCF) are a flexible funding solution that operates like an overdraft. It is a pot of available cash that you can dip in and out of, borrow and repay, then borrow again.
The security required for an RCF can vary from lender to lender and depending on the individual circumstances of the business. Some require just a personal guarantee, whilst others need more tangible security like a charge over property.
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Because the business only borrows what it needs and can pay back quickly, costs can be significantly lower overall vs taking out a loan.
The ability to dip in and out of the finance makes the revolving credit facility one of the most flexible solutions on the market.
Facilities can be set up quickly.
Having the ability to draw funds down in the background when needed can give a business owner confidence that finance is there in an emergency.
With access to over 150 lenders, we can help make your plans a reality.
The funding will allow the business to increase their resources and take on more lucrative contracts.
The garden retailer needed to expand their fleet of vehicles with a number of brand-new vans.
The business required a new van to complete ongoing projects faster, whilst allowing the business to take on more projects.
We’ve put together a list of common Business Loan FAQs. If there’s something you want to know and you can’t find the answer here, get in touch with our team of finance experts.
Once your RCF is approved and set up, you can access funds almost immediately, depending on the lender’s processes. This quick access is one of the key advantages of an RCF, making it ideal for situations where immediate funding is required.
Yes, an RCF can be used for a wide range of business purposes, including managing working capital, purchasing inventory, covering payroll, or addressing unexpected expenses. Its flexibility makes it suitable for various short-term financial needs.
Unlike a traditional loan, which provides a lump sum upfront with fixed repayments, an RCF offers ongoing access to funds that you can borrow and repay as needed. This makes an RCF more flexible, especially for businesses that have variable cash flow or unpredictable financing needs.
Whether you’re looking to obtain funding to take on the next stage of business growth or access working capital to cover costs, it’s important to have a team of experts on your side.
Our experienced funding team operates out of each city centre office in Manchester, Leeds, Liverpool, London and Birmingham. We’re available to meet face-to-face so that we can better understand your business and talk you through your funding options, or we can assist over the phone – whichever you’d prefer!
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