Revolving Credit Facility

Aura Finance work with lenders who offer a flexible funding solution alternative to a business overdraft or loan. With no long-term commitment and low interest rates when the facility is used.

A revolving credit facility is a type of working capital finance. Like an overdraft, you can access preapproved funds as required to boost the working capital available to your business whilst covering cash flow gaps.

• The amount we could look to offer you is typically one month’s revenue, however strong businesses or repeat customers could have an increase in limit just after a few months, with the facility growing with the business.
• Once you have repaid a certain amount you can withdraw more. Effectively a revolving credit facility is a type of loan that can be renewed automatically.
• Revolving credit facilities are convenient and flexible, with a term of around 6 months to 2 years. If repayments are met, you will typically be offered a renewal at the end of your term.

With a Revolving credit facility, you only pay for what you use! Therefore, they are best used to cover cash flow gaps over a period of days or weeks.

For more information about Auras Revolving Credit Facilities and how we can tailor the right solution for your business, contact the Aura specialist lending team. Call today.