An approved limit. Drawn when you need it.
A facility you draw from as the business requires, with each drawdown repaid on its own schedule. You are not paying for money you have not taken.
How it works
- Limit
Up to £200,000.
- Drawdown terms
Short terms, from one month up to twelve, chosen per drawdown.
- Repayment
Monthly by direct debit, fixed for that drawdown.
- Cost
A fixed cost per drawdown, shown before you confirm.
- Decision
Usually within 24 hours.
You take what you need, when you need it. The cost is set at the point of drawdown and does not change afterwards, so there is nothing to recalculate and nothing that moves.
How it differs from an overdraft
An overdraft runs through your business account, so the account sits negative while it is in use. Every lender who looks at your statements afterwards sees that, and it shapes what they will offer.
A credit line sits outside the account entirely. You can use it and the business account still reads clean.
The other difference is what happens to the money. An overdraft is repayable on demand. A drawdown carries a fixed cost and a fixed end date, agreed before you take it.
Both have their place. The difference matters more than most business owners are told.
An approved limit, held outside the account
Receives the drawdown, and still reads clean
Who this is actually for
Businesses that turn stock over quickly. Car dealerships, retailers, anyone buying and selling inside thirty days.
The money goes out, the stock sells, the money comes back. A term loan would have you paying for months you did not need it. A line lets you take it for the weeks the stock is sitting there, and stop.
It is also a safety net rather than a permanent facility. Sitting there undrawn costs nothing, and it means the business account does not have to carry the pressure.
What we need from you
Three to six months of business bank statements, five to seven minutes from your banking app. Company and director details. Identity documents where a lending partner requires them.
Everything you send us is held in encrypted, access-controlled storage in the UK or under equivalent protection. Security and data
Often taken alongside a loan, not in place of one.
Is this for you
Established UK limited companies with at least £360,000 a year through the business bank account, at least one filed set of accounts, and uneven cash flow rather than a single capital requirement.
Send six months of statements and you will know where you stand, usually the same day.