Uneven cash flow
Manage gaps created by invoice timing or seasonal trading patterns.
Business line of credit
Flexible access to an approved business limit for recurring costs, unexpected expenses and opportunities that arrive throughout the year.
Draw as neededAccess is limited by the approved facility and its terms
Repay and redrawAvailability depends on the product structure
Check every feeAccount, drawdown and unused-limit fees may apply
A funding buffer you can return to
Unlike a one-off term loan, a business line of credit is built for needs that recur or cannot be predicted exactly.
Once approved, the business can generally access funds up to a set limit. As drawn funds are repaid, that amount may become available to use again, depending on the lender's product and any ongoing review conditions.
This flexibility can be useful, but it also requires discipline. Draw only for a clear business purpose, understand how daily or monthly interest is calculated and include every account, drawdown, annual, late or unused-limit fee in the comparison.
Compare access as well as cost
Check how quickly funds can be drawn, whether the facility expires or renews, how the lender may review the limit, minimum repayments and what could trigger suspension or cancellation.
Use funds when the business calls for them
Supplier orders
Buy materials or stock when a favourable purchase window opens.
Unexpected costs
Respond to an essential repair or operating issue without a new application each time.
Find a limit that fits your cycle
Share the pattern
Tell us when funding needs arise, expected drawings and business revenue.
Compare facilities
Review potentially suitable limits, costs and access rules from our panel.
Choose carefully
Read renewal and review terms before applying with the selected lender.
Understand the moving parts
How does a business line of credit work?
An approved line of credit provides access to funds up to a set limit. Depending on the product, a business may draw, repay and redraw funds during the facility term.
Do I pay interest on the full credit limit?
Many facilities calculate interest on the amount drawn rather than the full approved limit. Establishment, account, drawdown or unused-limit fees may still apply, so check the lender's full pricing.
What is the difference between a line of credit and a term loan?
A term loan generally provides one lump sum with scheduled repayments. A line of credit is designed for flexible or repeated drawings up to an approved limit, subject to the facility terms.
Can a lender change or review my limit?
Yes. A lender may review the facility, reduce or cancel available credit, or request updated information in line with the contract. Read the review and renewal conditions before proceeding.