Revolving Credit: Flexible Funding for Your Business Needs

At Providus Trust, our revolving credit facility provides businesses with continuous access to funding when they need it most. Designed for flexibility, this financial solution allows businesses to borrow, repay and borrow again without reapplying. It’s an ideal option for managing cash flow, covering operational expenses or seizing growth opportunities.

With a revolving credit facility, all types of businesses can access funds up to an agreed limit and only pay interest on what they use. This keeps costs manageable and ensures funding is always available for essential business needs. Our tailored approach means repayment terms are customised to fit your business’s financial cycle, offering both control and convenience. Providus Trust for adaptable credit solutions built for long-term success.

Choose a Revolving Credit Facility With Us

Why turn to Providus Trust? Well, with a revolving credit facility, your firm will be offered unmatched financial flexibility, allowing businesses to draw funds as needed and only pay interest on the amount used. Repayments can be interest-only, helping maintain cash flow while keeping borrowing costs manageable. Businesses can make multiple drawdowns, adjust credit limits as they grow and repay early without extra charges or penalties.

This funding option is often more cost-effective than unsecured term loans since interest is charged solely on the borrowed amount. Some facilities even come with no setup fees, while others may include a minimal arrangement charge.

To simplify fund management, businesses gain access to an online account, where they can monitor repayment schedules, track available credit and make instant transfers when needed. With real-time control and transparent terms, a revolving credit facility is the perfect solution for managing dynamic business needs while staying financially agile.

Tailored Credit Limits for Sustainable Business Growth

At Providus Trust, we provide revolving credit solutions designed around your business’s unique financial profile and operational goals. Credit limits are customised based on factors such as revenue patterns, industry requirements and projected growth, ensuring businesses receive the right amount of funding without overextending.

Our experienced team works closely with clients to set realistic credit limits that align with their financial strategy. In short, we help businesses manage working capital effectively while keeping borrowing costs manageable. As your business grows, credit limits can be reviewed and adjusted, ensuring continued financial support. With flexible credit management and transparent terms, our revolving credit facility empowers businesses to scale operations sustainably while maintaining control over their financial future.

Quick Decisions on Revolving Credit Plans

As an experienced team of finance brokers, you can place your trust in Providus Trust for all your business finance options. We know which lenders will suit which sorts of borrowing requirements with any revolving credit application we receive. This means you will hear back quickly on any decision that has been made with respect to your credit. Typically, we’d expect a decision to be forthcoming within 48 hours depending on the complexity of the commercial circumstances involved.

Would you like to apply for revolving credit? If so, contact us without any further delay.

FAQs on Revolving Line of Credit

With a revolving credit facility, you only drawdown what you require and you are only charged interest on the outstanding drawndown amount. This makes it a great option to manage cash flow and purchase stock. You can make additional drawdowns up to your approved limit and pay any amount back at any time (including over-repayments), all at no cost.

Due to the flexible nature of the credit facility, they typically require security in the form of debtors or property.

It is worth noting that the available facilities are all slightly different with their own pros and cons – contact us to understand which is the best facility for your requirements.

A revolving credit facility is perfect for businesses who need to dip in and out of their facility e.g. to purchase stock and then repay the loan off early as you sell the stock. Whilst they typically have a higher interest rate, you only pay interest on what you use for the days you have it and so this can be a more cost effective solution.

This can be a great option for smaller businesses to inject some cash into their business allowing them to purchase more stock and in turn increase their revenue and profit. Similarly, if you have a contract/ project to fulfil, a revolving credit facility can provide the funding required for initial costs and then you can repay the facility upon completion of the contract. The lenders will also look to grow with you as they can increase your facility size as your income increases.

How Much Does a Revolving Credit Facility Cost?

Because of this flexibility and the low credit worthiness requirements, they are typically more expensive than unsecured business term loans at around 1% per month, but they can work out cheaper as you only pay interest on the funds used.

Facilities are from $500,000 up to $150,000,000. The key difference between a term loan and a revolving credit facility is flexibility.

Minimum Requirements For a Revolving Credit Facility

A revolving credit facility is the easiest finance product to get an offer for as they have the lowest minimum requirements.

Trading history: it depends on the facility you require, but most lenders only require 3 months trading history.

Loss making: as the lender has security in the form of debtors or property, you don’t need to be profitable.

Homeowner: the lenders will either want to secure the facility against your outstanding debtors (this cannot run alongside an Invoice Finance facility) or a property you own (up to 70% LTV).

How do I Get a Revolving Credit Facility?

Revolving credit facilities are all about the actual funding requirement itself and so it is important for us to understand your funding requirements in detail and how the facility will be used.

They will typically require the following:

Last 6 months Business Bank Statements (as PDF’s)
Latest filed full accounts
Cash flow forecast (12 months)

Once received, we will tailor the application to the relevant lenders. You can typically expect to hear back within 48 hours, sometimes with an offer. Usually the lenders may have a couple questions which we can normally handle or we will contact you if we require further clarification.

If an offer is made, the lender will either need to assess the credit worthiness of your debtors or value your property. We will provide a good indication of this for you, but once confirmed and signed off, contracts will be drawn up for you to sign. As soon as it is setup, you can instantly transfer any amount of funding (up to your facility limit) into your business bank account. We will still be on hand until the facility is fully setup.

If you require a top up or increased facility limit, simply contact us and we will be able to process this for you – we don’t charge any fees for our service.

Revolving Credit