Top five revolving credit facilities (2026)

For UK businesses that need ongoing access to working capital rather than a one-off lump sum, a revolving credit facility is worth understanding properly. Unlike a term loan, which gives you a fixed amount to repay on a set schedule, a revolving credit facility lets you draw funds as and when you need them, repay when cash flow allows, and draw again – without reapplying each time.

It is a flexible tool, and the right provider can make a meaningful difference to how confidently a business manages its day-to-day finances. Below are five revolving credit facility providers currently operating in the UK market, with a brief explanation of how revolving credit works and what to consider before applying.

1. Novuna business cash flow

Novuna Business Cash Flow appears first on this list as a provider of revolving credit facilities for UK SMEs, given the breadth of its product offering and the financial backing it carries.

Novuna is part of Mitsubishi HC Capital UK – one of the largest asset finance groups in Europe – which gives it significant financial stability. For businesses entering into a revolving credit arrangement, provider stability matters: this is an ongoing relationship, and you want confidence it will remain consistent over time.

What Novuna offers

• Revolving credit facility designed for structured, ongoing access to working capital
• Relationship-led service model – clients are assigned a dedicated relationship manager rather than managed through a centralised platform
• Sits within a broader suite of working capital products – revolving credit can be accessed alongside invoice finance or asset finance under a single provider relationship
• Facility structured around individual business needs and sector – eligibility and pricing discussed directly with Novuna

Best for

• Established UK SMEs looking for a relationship-led revolving credit facility
• Businesses that may also benefit from invoice finance or asset finance under a single provider
• Companies that want a dedicated relationship manager rather than a platform-only product

2. iwoca

iwoca is one of the UK’s most established alternative lenders for SMEs, having lent around £4 billion to over 100,000 businesses since its founding in 2012. Their Flexi-Loan operates as a revolving credit facility – draw, repay, and redraw within an agreed limit, with interest charged only on what you use.

What iwoca offers

• Credit limits from £1,000 up to £500,000
• Terms up to 24 months
• Interest charged daily on the outstanding balance only – nothing when the facility is not in use
• No early repayment fees
• Available to limited companies, sole traders, and partnerships
• Fully online application, using Open Banking to assess financial performance

Best for

• Small and micro businesses needing fast, flexible access to working capital
• Sole traders and partnerships who may find traditional bank lending harder to access
• Businesses that want to draw and repay repeatedly without reapplying

3. Fleximize

Fleximize is a UK digital lender that has lent over £715 million to SMEs since 2014, backed by institutional capital from Goldman Sachs Asset Management and Citi. Their Flexiloan product provides flexible business finance with built-in top-up functionality – meaning businesses can access additional funds after making successful repayments.

What Fleximize offers

• Loans from £10,000 to £500,000
• Terms from 3 to 60 months
• Repayment holidays and top-ups available as standard
• Both unsecured and secured options (up to £500,000 in England and Wales)
• Minimum six months’ trading history and £5,000 monthly turnover required
• Interest rates start from 0.9% per month – early repayment available with no additional fees

Best for

• UK SMEs with at least six months of trading history
• Businesses looking for flexible finance with top-up capability
• Those that have been declined elsewhere and want a lender that looks beyond credit history

4. multifi

multifi is a newer entrant to the UK SME lending market, offering a revolving credit product called Flexi Credit that is specifically designed as a structured alternative to business overdrafts and credit cards.

What multifi offers

• Credit limits from £5,000 to £350,000
• Once approved, a 30-day window to draw funds as needed
• Repayment over six months on an amortising schedule
• Reload facility – access funds again once the balance falls to 66% or below of the original limit, without a full reapplication
• Minimum annual turnover of £50,000
• Available to limited companies and LLPs; not available to sole traders
• Initial eligibility check uses a soft credit search – no impact on credit score

Best for

• UK limited companies and LLPs with at least £50,000 annual turnover
• Businesses in manufacturing, wholesale, logistics, professional services, and business services
• Those looking for a structured revolving credit facility as an alternative to a bank overdraft

5. Funding Circle – FlexiPay

Funding Circle is one of the UK’s largest alternative SME lenders, having extended over £15 billion in credit to more than 110,000 UK businesses since 2010. Their FlexiPay product operates differently to the other providers on this list and is worth understanding on its own terms before applying.

What FlexiPay offers

• Credit limits from £2,000 to £250,000
• Spread the cost of invoices, supplier payments, tax bills, and other expenses over 1, 3, 6, 9, or 12 months
• No interest – a flat fee per transaction starting from 1.99%
• No annual fee – nothing to pay unless the facility is used
• Payment by card or direct cash transfer
• Available to limited companies only, with at least one year of trading history

Best for

• UK limited companies with at least one year of trading history
• Businesses looking to spread the cost of specific invoices or supplier payments
• Those who prefer a transparent per-transaction fee over ongoing interest charges

What is a revolving credit facility?

A revolving credit facility is a pre-approved funding line up to an agreed limit. You draw down what you need, pay interest or fees only on the amount you use, and once repaid, those funds become available to draw again. The facility stays open rather than closing after a single use.

Common uses include managing seasonal cash flow gaps, covering short-term operational costs such as payroll or stock, bridging the gap between raising and receiving payment on invoices, and taking advantage of time-sensitive opportunities without disrupting day-to-day finances.

Revolving credit facilities also differ from standard business overdrafts in that they are typically structured agreements with defined limits, terms, and pricing – rather than a bank account feature that can be withdrawn at short notice.

Final thoughts

A revolving credit facility can be a practical tool for businesses that need flexible, ongoing access to working capital. The providers above each take a different approach – in terms of facility size, pricing structure, product design, and who they lend to – and the right fit will depend on your own circumstances.

It is worth speaking to more than one provider, requesting a full cost illustration for a realistic usage scenario, and comparing total cost of credit rather than headline rates alone before making a decision.

 

The above information does not constitute any form of advice or recommendation by London Loves Business and is not intended to be relied upon by users in making (or refraining from making) any finance decisions. Appropriate independent advice should be obtained before making any such decision. London Loves Business bears no responsibility for any gains or losses.