Dual Growth Funding

Dual Growth Funding icon

Credit4’s Dual Growth Funding has been developed to provide UK SMEs with flexible funding to unlock growth.

Dual Growth Funding provides two different types of financing which SMEs might otherwise have to approach different lenders to obtain.

Dual Growth Funding is available in amounts of between £30,000 and £150,000, for terms between 12 and 36 months.

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How it works

1

Submit your Dual Growth Funding application

Apply for the level and term of funding based on your businesses growth needs, the funding must be used for business purposes, and to unlock growth / value. The maximum funding available on the ‘flexible facility’ element of the Dual Growth Funding is £30,000, and the ‘flexible facility’ amount cannot be greater than the term loan amount.

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Supply supporting financial information

To demonstrate a need for the funding we require financial information, including full financial accounts and bank statements.

3

Receive your funding and repay monthly

The term loan is drawn immediately and is repaid monthly over the term of the funding.

4

With Dual Growth Funding, you also have access to a Flexible Funding Facility

The flexible facility element allows you to draw funds, repay and redraw up to the limit of your facility as many times as you need during the term (subject to minimum amounts), giving you access to funding as and when your business needs it. Interest is calculated on drawn funds only. Interest on drawn funds is calculated daily, and payable fortnightly.

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Flexible Funding Facility repayment

All principal amounts outstanding at the end of the term under the flexible facility must be repaid by the end of the term. You can repay in lump sums or one bullet repayment. You must, therefore be confident that your business can afford the repayment or that you will be able to arrange alternative financing at the end of the term.

Dual Growth Facility Calculator

Tell us what you need

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How it will work

Term Loan (£)

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Flexible Facility (£)

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How much it will cost

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Total Amount Repayable* £0

*The Dual Growth calculator estimates the Total Charge for Credit and Total Amount Repayable based on the information you input about how you intend to use our Dual Growth Funding Product. In calculating the Total Amount Repayable the following assumptions are made; i) that the Term Loan element is drawn fully, repaid monthly over the term and all payments are paid when due ii) the Flexible Facility element is drawn for an average period over the term based on the information you input into the “Drawn Period” field iii) all daily interest is paid when due. If, on average, the Flexible Facility is fully drawn for more time than you have told us then the cost of the Flexible Facility will be more than the calculator estimates, if the Flexible Faciity is fully drawn for less time over the term then the cost will be less than the calculator estimates. During the Dual Growth Funding term, interest will be charged on a daily basis and therefore the total interest payable may differ from that calculated above, it is important that you input the requested information with care as it could have a material impact on the costs calculated and shown. Please view our Representative Examples.

“Being a very early stage business, we would have had to give away a lot of equity and it was hard to find finance solutions. Credit4 were akin to investors – they saw the potential in our company. We used their Flexible Facility product to build the model for our business.”

Maxim Cohen, Founder & CEO, The UK Adviser

“We were introduced to Credit4 when one of our retail clients needed help to find funding in order to support their growth. Credit4 was able to react quickly, clearly explaining their products and working with us to provide the best solution for our client. The funding enabled our client to expand their business where otherwise it would not have been possible.”

John Playfair, Senior Partner, Playfair Partnerships

“Credit4 were flexible, cost-effective and willing to do whatever it takes to help – including understanding the needs of a small business and being very competitive against other lenders. The product was very clearly explained, very easy to understand.  I would recommend Credit4 to anyone looking for funding. Absolutely spot on.”

Guy Walker, Managing Director, Dovetail & Slate

Any questions?

If you’re looking for funding to grow your own small business talk to one of our Relationship Managers.

Call us on 020 3637 0570 or message us below.

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