How to get a revolving credit facility in the UK: eligibility, costs, and how to apply
Updated on 27 May 2026.
Part of our Revolving credit facility guide.
What UK lenders look for, what a revolving credit facility typically costs, and how to apply for Juice Flex step by step. For a high-level definition first, see what is a revolving credit facility.
Who can apply for a revolving credit facility in the UK?
There is no single eligibility standard across all lenders. Each has its own criteria. That said, there are common factors that most lenders assess.
Business type
Revolving credit facilities in the UK are offered by a range of lenders to various business structures, including limited companies, LLPs, partnerships, and sole traders. Eligibility criteria for each lender vary widely.
Juice Flex is available to UK limited companies and LLPs. It is not currently available to sole traders, partnerships, or individuals.
Trading history
Most lenders want to see that your business has been trading for at least 12 months, ideally 24 months or more. This gives them enough financial history to assess how your business performs across different periods.
Revenue and cash flow
Lenders will want to see evidence that your business generates enough revenue to service the facility. Juice assesses your revenue by connecting to your business bank accounts and accounting software. This gives a real-time picture of your cash flow.
Credit history
Both your business credit profile and, for smaller businesses, your personal credit history as a director may be assessed. A clean credit profile improves both your likelihood of approval and the terms you’re offered.
UK-based business
You must be a UK-registered business. Revolving credit facilities from UK lenders are not available to overseas businesses.
What do lenders look at?
- Bank statements. 3 to 6 months of business bank statements (or open banking access).
- Filed accounts. For limited companies and LLPs, lenders will check your most recent filed accounts at Companies House.
- Open banking / accounting software. Faster lenders increasingly use open banking connections to access real-time data.
- Existing debt obligations. Lenders assess your total debt service coverage.
- Director information. Standard practice for business credit in the UK.
The full document checklist is in what information you need to apply for a revolving credit facility.
How much can you borrow?
Credit limits vary widely between lenders. Juice Flex offers facilities from £50,000 to £1,000,000, subject to status and lending criteria. The limit you’re offered will depend on your revenue, trading history, existing debt, and the lender’s assessment of your ability to repay.
What does a revolving credit facility cost in the UK?
- Interest rate. Applied to the amount you’ve drawn, not the full facility limit.
- Arrangement or facility fee. Some lenders charge a one-time or annual fee.
- Draw fee. Some lenders charge a small percentage each time you draw funds.
- Early repayment charges. Many lenders charge a fee for early repayment. Juice Flex does not.
The key question to ask any lender: what is the total cost if I draw £X for Y months and repay in full? A worked breakdown is in how much does a revolving credit facility cost.
Banks vs specialist lenders
High street banks tend to require longer trading history, more upfront paperwork, and a slower approval process, often 4 to 8 weeks. Specialist lenders can typically complete the application and approval process in days. We’ve covered why banks decline at the rate they do in why the bank says no to business loans.
For most growing SMEs, especially those that need a decision quickly, a specialist lender offers a more practical route to a revolving facility.
How to apply for Juice Flex: step by step
Step 1. Start your application online at getmejuice.com/get-started. No impact to your credit score at this stage.
Step 2. Tell us about your business: company registration, industry, monthly revenue, and how long you’ve been trading.
Step 3. Connect your financial accounts via open banking and, optionally, your accounting software (Xero, QuickBooks). This is the step that makes the biggest difference to speed.
Step 4. Receive your decision. Once your accounts are connected, the assessment can happen quickly.
Step 5. Draw down when you need it. Once your facility is live, you draw what you need, when you need it.
The full step-by-step walk-through is in applying for a revolving credit facility with Juice. If you’ve previously been declined, revolving credit after rejection is the right starting point.
Tips for a stronger application
- Keep your accounts up to date.
- Demonstrate consistent revenue.
- Know your existing debt obligations.
- Understand your credit position.
- Apply for the right amount.
The bottom line
Getting a revolving credit facility in the UK is more accessible than many business owners realise, particularly through specialist fintech lenders. If your business is a UK limited company or LLP, has been trading for at least 12 months, generates monthly turnover of £20,000 or more, and needs flexible working capital, you’re likely a strong candidate.
Ready to check your eligibility?
Juice Flex is available to UK limited companies and LLPs with monthly turnover of £20,000 or more. Facilities run from £50,000 to £1,000,000, subject to status and lending criteria. Checking your eligibility uses a soft credit search, so there’s no impact on your credit score.