Revolving credit limit
Posted on 18th January 2023 at 13:33
Enquiry: We were contacted by an existing customer working in the agriculture sector. Following a tough couple of years through Covid he was ready and able to begin to build his business again. He was looking for a flexible funding option that would allow him to withdraw and repay money as the business allowed but had been declined by a number of funders.
Solution: We suggested a revolving credit limit where he could draw down some or all of the money for an agreed period and repay it as he wished. We were able to secure a credit limit of £150,000 which is now allowing him to build his business again.
Product: Revolving Credit Limit £150,000
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