Credit4 Flexible Facility

The Credit4 Flexible 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.

More detail can be found on our FAQ page.

How It Works

  • You 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 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.