A revolving credit facility is an agreed borrowing limit a business can draw down, repay and redraw as often as it likes within the term, paying interest only on the balance actually outstanding. It suits uneven cash flow, stock purchasing and gaps between invoices far better than a term loan, because money not drawn costs nothing beyond any non-utilisation fee. It is a poor fit for a single large capital purchase, where a term loan or asset finance is cheaper.
Updated . Lendus is an introducer, not a lender.
The interest-only-on-what-you-draw structure is genuinely useful for uneven cash flow, but two things catch businesses out. First, many facilities charge a fee on the undrawn balance regardless of use, so an oversized limit taken out of caution can cost money sitting idle. Second, the limit is not fixed for the life of the facility: lenders review it periodically and can reduce or withdraw it if trading weakens, sometimes at the exact moment the business needs it most.
| Lender | Facility size | Published rate | Minimum trading |
|---|---|---|---|
| Aldermore Bank | £2k–£10m | 4.5%–20% | 12+ months for most products |
| Allica Bank | £25k–£15m | 9.90%–13.75% | 3+ years of filed accounts for unsecured business loans; 2+ years of financial accounts for commercial mortgages |
| Bibby Financial Services | £50k–£15m | 1%–3% | 6+ months preferred; startups with strong order books considered |
| Bizcap | £10k–£500k | 1.5%–5% | At least 4 months |
| Capify | £4k–£500k | 1.1–1.5 | 4+ months for merchant cash advance; 6+ months for business loan |
| Capital on Tap | £1k–£250k | 1.25%–3% | 12+ months |
| Close Brothers | £10k–£5m | 5%–18% | 24+ months |
| Cynergy Business Finance | £200k–£40m | Not published | Not publicly stated by Cynergy Business Finance. Eligibility appears to be assessed on the strength of the underlying receivables, stock, property or other assets on a per-business basis rather than against a published minimum years-trading threshold. |
| Fleximize | £5k–£500k | 0.9%–3.9% | 6+ months |
| Funding Circle | £10k–£500k | 6.9%–36% | 1+ year |
| Investec | £5k–£100m | Not published | Not publicly stated. Investec assesses each business individually rather than publishing a minimum trading history requirement. |
| iwoca | £1k–£500k | 2%–6% | 3+ months |
| Kriya | £50k–£1m | Not published | Minimum 12 months trading with at least one set of financial accounts filed for invoice finance and working capital loans. Kriya's PayLater product has a lower minimum of 3 months trading. |
| LendingCrowd | £25k–£500k | 6%–18% | 24+ months |
| Nucleus Commercial Finance | £3k–£2m | 1.5%–5% | 6+ months |
| OakNorth Bank | Not published | Not published | No fixed minimum published; trading history is one of several factors assessed case-by-case |
| Paragon Bank | £5k–£1m | Not published | Not publicly stated; assessed as part of underwriting. |
| Shawbrook Bank | £50k–£25m | 0.55%–1.25% | 12+ months preferred; none required for property-backed bridging |
| Start Up Loans | £1k–£25k | 7.5%–7.5% | For start-ups: no trading history required. For existing businesses: must have been trading less than 60 months |
| ThinCats | £1m–£30m | Not published | Not stated as a fixed minimum number of years; ThinCats lends to established mid-sized SMEs rather than start-ups or very early-stage businesses. |
| Tide | £1k–£500k | 7.9%–49.9% | 12+ months for credit products; account available from day one |
| White Oak UK | £5k–£500k | Not published | Not publicly stated; assessed as part of underwriting. |
As published by each lender and dated on its own page. Indicative, not offers.