We support growing SMEs by providing access to a range of flexible funding options - find out how your clients could benefit.
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The Credit4 Flexible Funding Facility gives businesses access to flexible credit in amounts of between £15,000 and £30,000, for terms of 3 to 12 months to fund their growth.
If agreed, amounts may be drawn, repaid and redrawn as many times as suits your business during the facility term (subject to minimum drawing amounts).
Interest must be paid fortnightly, with the outstanding principal being payable in one lump sum at the end of the term. The facility is designed to give a growing business flexibility to fund its growth opportunities and to control its funding costs.
View FAQsYou apply for the level and term of your facility based on your individual business needs, the facility must be for business purposes and we will require suitable guarantors.
In addition to our application documentation, we’ll want you to demonstrate the need for the funding by letting us have some financial information, including a cashflow forecast.
Subject to our eligibility criteria, approval and documentation, draw the funds when you need them (minimum drawing amounts apply).
Repay and redraw capital amounts anytime (subject to minimum repayment amounts) during the term of your Flexible Funding Facility, giving you control over the interest costs of your facility.
We will send you a fortnightly statement outlining the interest due for payment and how to pay.
Repay all amounts outstanding under your facility at the end of the term. This is a key feature of a Credit4 facility, however all amounts outstanding at the end of the facility will need to 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.
“My clients and I love working with Credit4 – my clients benefit as they are such a flexible lender and will often consider cases that other finance providers can’t fit into their criteria, with personal underwriting for every case and working closely with the client to ensure that they understand the business and their plans. For me, it’s great as Credit4 take the case on and liaise directly with the business, freeing me up to work on new business. In this particular case, my client was delighted with the support that he received, allowing him to continue to grow his business.”
“We had hit a lot of barriers with traditional lenders, there was no appetite for support from the usual high street banks so we went looking for other options. Credit4 were compassionate, they took the time to understand our story and the business needs, providing a personalised service with a high level of communication and understanding.
The steadfast support and the funding we received from Credit4 allowed us to enter the market rapidly and aggressively. Two and a half years on, it has enabled us to build a platform whereby we’ve been able to do an equity raise, which would not have been possible without Credit4 standing by us.”
“My clients and I love working with Credit4 – my clients benefit as they are such a flexible lender and will often consider cases that other finance providers can’t fit into their criteria, with personal underwriting for every case and working closely with the client to ensure that they understand the business and their plans. For me, it’s great as Credit4 take the case on and liaise directly with the business, freeing me up to work on new business.”
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.