Compare Business Credit Lines

  • Lines of credit are available for businesses that need an ongoing source of additional capital
  • You can compare a selection of UK business credit line providers in the table below
  • Compare available loan amounts, terms and features to find a suitable lender
Instant flexible credit tailored to your business’ needs Promotion

Instant flexible credit tailored to your business’ needs

  • Flexible credit line up to £200,000
  • Instant decisions after simple online application
  • Repay early and only pay interest for the days you’re using the money
  • No fees whatsoever
  • Limited companies only
More Info
4 products found
  • iwoca Credit Lines logo

    iwoca Credit Lines

    • Flexible credit line facilities of up to £200,000
    • Repay early with no fees
    • Application decisions in one working day
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £1,000 to £200,000
    • Available Terms
      up to 12 months
  • Funding Xchange Credit Lines logo
    Broker

    Funding Xchange Credit Lines

    • Discover personalised flexible Credit Line offers in just 3 minutes
    • Get access to a revolving line of credit that you can draw down from when you need it
    • It can be used to supplement cash flow and help expand your business
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £1,000 to £250,000
    • Available Terms
      1 month to 5 years
  • THINK Business Loans Credit Line logo
    Broker

    THINK Business Loans Credit Line

    • Compare revolving credit line options from leading business lenders
    • Rates from 1% APR
    • Working Capital and Stock Loan options available
    • Minimum Turnover
      £100,000 p.a.
    • Available Amounts
      £50,000 to £10,000,000
    • Available Terms
      1 to 10 years
  • MarketFinance Flex Loans (Credit Line) logo

    MarketFinance Flex Loans (Credit Line)

    • Quickly get up to £50,000 of flexible cash on demand
    • Only pay for the funds you use, repay on a schedule that suits you
    • Only pay for the funds used starting at 1.4% per 30 days
    • Minimum Turnover
      £50,000 p.a.
    • Available Amounts
      £5,000 to £50,000
    • Available Terms
      3 months to 1 year
  • Suppliers that don't offer Business Credit Lines but may offer suitable alternatives:

    • EJ Finance logo
      Broker

      EJ Finance

      • Application-to-offer within 24 hours
      • To be contacted within 3 minutes of applying
      • Access to over 200+ lenders, covering all sectors
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £10,000 to £10,000,000
      • Available Terms
        1 months to 10 years
    • Funding Circle logo
      Peer To Peer

      Funding Circle

      • Your business must have a minimum of 2 years’ trading history
      • A leading UK platform for Small Business Loans
      • Simple online application and decisions in as little as 1 hour
      • Rates from 2.9% to 12.1% per year - No early settlement fees
      • Minimum Turnover
        No minimum
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        2 to 6 years
    • Nationwide Finance Business Finance logo

      Nationwide Finance Business Finance

      • Nationwide Finance help 35,000 businesses get finance each year
      • Direct funder - not a broker
      • Same day decision, funds within 48 hours
      • Minimum Turnover
        £20,000 p.a. (no minimum for new start ups)
      • Available Amounts
        £10,000 to £500,000
      • Available Terms
        1 to 5 years
    • Fluidly logo
      Broker

      Fluidly

      • YOUR BUSINESS MUST BE TRADING FOR 12 MONTHS OR MORE
      • Hassle free funding options within 30 seconds
      • Team of Funding Specialists are on hand to support your application
      • A range of products available including Recovery Loan Schemes, unsecured and asset financing
      • Minimum Turnover
        £50,000 p.a.
      • Available Amounts
        £15,000 to £10,000,000
      • Available Terms
        3 months to 7 years
    • 365 Business Finance logo

      365 Business Finance

      • Your business must process credit and debit card transactions to apply for this product
      • A flexible business funding alternative
      • Cash advanced against card transactions
      • Pay back an affordable % of your card transactions
      • Minimum Turnover
        £5,000+ card transactions per month
      • Available Amounts
        £5,000 to £200,000
      • Available Terms
        4 to 18 months
    • Fleximize logo

      Fleximize

      • Industry-leading flexibility - top-ups, repayment holidays, penalty-free early repayment, no set-up fees
      • Interest charged on reducing balance, not total loan amount - repay early and only pay for the time you had the loan
      • Apply online in five minutes, typically get a decision in 24 to 48 hours, receive funds the same day
      • Minimum Turnover
        £60,000 p.a.
      • Available Amounts
        £5,000 to £500,000
      • Available Terms
        1 month to 4 years
    • Swoop Funding logo
      Broker

      Swoop Funding

      • Your business must be trading for 12 months or more
      • Simple, secure and speedy search of 1,000 funding providers without affecting your credit rating
      • Free access every type of finance including the Recovery Loan Scheme
      • Speak to Swoop’s team of five-star Trustpilot rated experts
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        3 months to 6 years
    • NatWest Rapid Cash - Invoice Finance logo

      NatWest Rapid Cash - Invoice Finance

      • Eligibility Criteria Apply
      • Rapid Cash is an innovative, high tech solution to business financing
      • Borrow against your unpaid invoices and get a flexible line of credit from £25,000 to £1 Million
      • You could be approved within 48 hours. Security and guarantee required. Fees may apply
      • Minimum Turnover
        £100,000 p.a.
      • Available Amounts
        £25,000 to £1,000,000
      • Available Terms
        No min/max terms
    • Portman Asset Finance logo
      Broker

      Portman Asset Finance

      • Business finance broker with specialist sector experience, offering fast and flexible finance solutions
      • Access over 40 leading UK lenders
      • Over £750 million in funding provided to thousands of small-to-medium sized UK businesses
      • Minimum Turnover
        No minimum
      • Available Amounts
        £1,000 to £10,000,000
      • Available Terms
        Up to 5 years

Our comparison service features a selection of providers from whom we receive commission. This table is initially ordered according to our commercial arrangements. You can use the options above the table to order it according to various criteria.

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Last updated on 19 July 2021.

Business Credit Lines FAQ

Also known as 'lines of credit', credit lines are available to businesses that need ongoing access to extra capital. Our selection of frequently asked questions below covers the basics of credit lines and whether they are suited to your business needs. Just click on the question headings for your answers.

What are credit lines?

A credit line is a source of finance that is available for businesses to borrow from when they're in need of additional capital. Also known as lines of credit, these financial solutions have maximum limits, and give borrowers the option to access as much cash as they need up to that limit.

Credit lines are often used by governments, businesses, and individuals when borrowing flexibility is essential. If you frequently find yourself in a position wherein you're not sure how much you'll need to access, then a line of credit could be the most versatile financial product available to you.

What are the benefits of credit lines?

Credit lines are convenient. Once you've been approved, you can borrow cash whenever you need to, and you don't need to access the money immediately following approval. With a credit line, you receive a maximum borrowing limit and as long as you do not exceed that maximum, you can continue to access the money you need. In other words, credit lines are not a one-time solution.

What is repayment like with credit lines?

Repayment for credit lines is different to standard loans. In a traditional loan, you generally make a fixed payment each month that is scheduled to last for a specific period of time - perhaps three to five years. With a credit line, on the other hand, you will need to make minimum payments, but you can borrow and repay as much as you like within your agreed limits. Eventually, some credit lines will ask you to slow down your borrowing frequency and begin repaying your debts using a process known as "standard amortising payments". These payments will eliminate the amount you owe over a period of years.

Who are credit lines best suited to?

With credit lines, the interest you are expected to pay will begin once you start borrowing. This is good news if you're not using your credit line, or you're great at paying off your debt quickly. In other words, credit lines are great for businesses that know how to manage their money, but may need access to additional finance on a regular basis.

Credit lines are often used as a safety net to help businesses to avoid cash flow issues, but they are rarely the best tool for long-term borrowing or everyday use.

How can I get a line of credit?

Applying for a line of credit is the same as applying for any other kind of loan. Lenders will determine whether your application should be approved based on various typical lending criteria, including:

  • Your credit history
  • Your ability to repay the loan with regular cash flow
  • The assets your business can offer as collateral

What are draw and repayment periods?

A line of credit often has a draw period, and a repayment period. During a draw period, you will be using money from your line of credit. During a repayment period, you will be expected to repay the interest and principal of the loan.

Do credit lines have closing costs?

Some credit lines will have closing costs. It's important to factor these fees into your considerations when you are evaluating which lenders and financial products are right for you. They differ from case to case.

What are secured and unsecured lines of credit?

As with many loans, credit lines fall into two overarching segments: unsecured and secured. Secured LOCs (lines of credit) are backed by collateral, such as your company's premises, your home, vehicle, or another asset that you or the business owns. Because secured credit lines are less of a risk for the lender, they often come with lower interest rates.

Alternatively, unsecured lines of credit are not backed by collateral. Unsecured LOCs are harder to access and can come with higher interest rates to help counteract the risk for lenders.

What should I consider before applying for credit lines?

When you are applying for any type of credit line, your chosen lender will need to examine your creditworthiness. This means that they will look at your company and your history of being able to pay back loans by assessing your credit score. If you and the business have good credit scores, then your interest rate will be far lower, and your borrowing limit could be increased.

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