3 Lenders Who Offer a Revolving Credit Facility
A revolving credit facility is a loan facility that enables you to withdraw money, use it, repay it, and then withdraw more money. As the name suggests, it is a ‘revolving’ loan that allows for flexible use and repayment. In a sense, you borrow from a pre-agreed pot, which ensures that you can borrow whenever […]
What is the difference between a revolving credit facility and a term loan?
A revolving credit facility allows you to borrow, repay, and borrow again up to a set limit, like an overdraft. A term loan provides a lump sum upfront, repaid in fixed instalments over a set period. While a revolving credit facility is a type of loan, there are some key differences that set it apart […]
Top Asset Finance Lenders UK
Securing the right financial support is crucial for your business’s growth and sustainability. With that in mind, asset finance is a valuable solution for companies looking to acquire necessary equipment and machinery without the immediate strain of substantial upfront costs negatively affecting the business’s cash flow. In short, this financing option allows businesses to spread […]
6 Ways To Get Your Business On Track In 2024
The success of a business depends on the focus of a businessman on business, growing the base of customers, and making new small businesses from the previous one. To get your business on track, there are some tips that the team at Funding Bay want to share with you that will help you.
The challenges and opportunities of starting a small business in the UK
Starting a small business in the UK can be an exciting and rewarding venture, but it can also come with its fair share of challenges. In this blog post, we’ll explore some of the key challenges and opportunities of starting a small business in the UK, and how to navigate them to set your business […]
