Revolving credit facility
Your receivables are your business value - imagine securing a credit line against this value, giving you the ability to draw down when you wish, a credit line that needs no additional security, and can be used as a rolling facility.
Lifecycle work directly with TP24, a genuinely innovative lender in the mid-to-enterprise sector, offering a unique and very bespoke funding product, CreditLine.
Drawdown as much or as little as you require. Interest only charged on outstanding balance.
Rates from 0.5% p.m. depending upon credit status and quality of Aged Debtor book.
No fixed duration, 3-month commitment period, after that monthly rolling facility.
Competitive pricing and no hidden fees.
No personal guarantee required and no floating charge over all assets, only fixed first charge over debtor book.
No weekly reconciliation of invoices, no trust account and completely confidential.