A business line of credit is a very common form of financing offered by most business banks.

It is like having business capital on tap that you can access at anytime and is up to a certain amount agreed upon by you and the lender. Normally, there is no collateral required to gain approval, unless the credit score criteria of the individual applicant and/or business is not met.

The amount your business is able to receive from a business line of credit will depend on your past business revenues and projected annual cash flow. A positive cash flow and the ability to demonstrate debt coverage will be required for approval. This implies that your business must, in most cases, be profitable and able to repay debt at regular monthly payments.

For more information please contact the B&F business team on the number below:

Tel: 0845 299 0440
Email: financial@bfsc.co.uk