British business bank

The government-owned British Business Bank has chosen
most lenders on our panel to help businesses that need funding.

Lines of credit (LOCs) are preset borrowing limits that can be used whenever. The borrower can take money out as it is required until the limit is reached. As the money is repaid, in the case of an open line of credit it can be borrowed again.

LOCs are arrangements between a financial institution and a client that sets the maximum loan amount a customer can borrow. Borrowers can access funds from the line of credit at any time as long as they never go over the credit line’s maximum amount. Any other requirements like making timely payments of a certain minimum amount also have to be met.

How Lines of Credit Work?

The main advantage of a line of credit is its built-in flexibility. Lines of credit are open-end credit accounts that enable borrowers to spend money, then repay it, and then spend it all over again. The cycle never needs to end.

The lender sets how much interest is paid as well as the size of payments, and any other rules. There are lines of credit that allow the borrower to write cheques, while others offer credit or debit cards.

LOCs can be secured by collateral or unsecured. Unsecured LOCs usually have higher interest rates attached.

Our Credit Line Services

When it comes to business loans, Funding11 specialises in


Credit Line

Unsecured vs. Secured LOCs

Most lines of credit are unsecured, which means borrowers don’t have to promise lenders any collateral. There is a notable exception: home equity lines of credit (HELOCs). These are secured with the equity in the home of the borrower.

Secured lines of credit are attractive for individuals and business owners because they normally are offered with higher maximum credit limits along with much lower interest rates than lines of credit that are unsecured. Unsecured lines of credit often require higher credit scores or credit ratings.

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Have Any Questions
Regarding Our Lines of Credit?

How can I apply?

Call us or you can apply online we aim to provide you with an approval within 3-4 business days.

What is the maximum I can borrow?

You can borrow from £25,000 – £1 Million.

What repayment options are available?

We offer interest only and capital repayment options.

Is there any non-utilisation fee on any of your products?

No there is no non-utilisation fee if you don’t use the funds from the facility you don’t get charged.

Do I need a perfect credit score to apply?

No, final approval is based on the overall health of your business but if you have any CCJ or Default than you might get declined.

Do I need to be a homeowner to apply for a credit line?

Yes, you need to be a homeowner otherwise we won’t be able to offer you the facility.

Do you charge an upfront fee to process application?

No, we do not charge any upfront fee.

Apply online. It will only take a minute and
will not have any impact on your credit score.

Apply Now