{"id":22357,"date":"2022-08-31T08:53:41","date_gmt":"2022-08-31T08:53:41","guid":{"rendered":"https:\/\/swoopfunding.com\/za\/?page_id=22357"},"modified":"2024-10-24T07:07:07","modified_gmt":"2024-10-24T07:07:07","slug":"revolving-credit-facility","status":"publish","type":"page","link":"https:\/\/swoopfunding.com\/za\/business-loans\/revolving-credit-facility\/","title":{"rendered":"Revolving credit facility"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"22357\" class=\"elementor elementor-22357\" data-elementor-post-type=\"page\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1edf129 e-flex e-con-boxed e-con e-parent\" data-id=\"1edf129\" data-element_type=\"container\" id=\"hero-title\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-6f5855f e-con-full e-flex e-con e-child\" data-id=\"6f5855f\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0f6562f elementor-widget elementor-widget-heading\" data-id=\"0f6562f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Revolving credit facility<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc5aad5 elementor-widget elementor-widget-text-editor\" data-id=\"cc5aad5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center\">A revolving credit facility is a rolling line of credit arranged between a business and a lender. Unlike a fixed\u00a0business loan you can access funds on an as-needed basis and repay when it&#8217;s convenient.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7976bc3 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"7976bc3\" data-element_type=\"section\" id=\"product-page\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e2a1166\" data-id=\"e2a1166\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-21db477 uael-heading-align-left elementor-widget elementor-widget-uael-table-of-contents\" data-id=\"21db477\" data-element_type=\"widget\" id=\"styck-table-of-contents\" data-settings=\"{&quot;scroll_offset&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;115&quot;,&quot;sizes&quot;:[]},&quot;sticky&quot;:&quot;top&quot;,&quot;sticky_on&quot;:[&quot;desktop&quot;],&quot;sticky_offset&quot;:&quot;130&quot;,&quot;sticky_parent&quot;:&quot;yes&quot;,&quot;scroll_offset_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;scroll_offset_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;scroll_offset_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;sticky_effects_offset&quot;:0,&quot;sticky_anchor_link_offset&quot;:0}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"500\" data-scroll-offset=\"115\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of contents<\/span>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-b041058 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b041058\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-306423a\" data-id=\"306423a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2a68c3 elementor-widget elementor-widget-ucaddon_breadcrumbs\" data-id=\"c2a68c3\" data-element_type=\"widget\" data-widget_type=\"ucaddon_breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t <div id=\"breadcrumbs-container\" class=\"left\">\n <nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><\/p><\/nav> <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08bb011 elementor-widget elementor-widget-ucaddon_last_updated\" data-id=\"08bb011\" data-element_type=\"widget\" data-widget_type=\"ucaddon_last_updated.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div id=\"last-updated-container\" class=\"\">\n\n <script id=\"last-updated-schema\" type=\"application\/ld+json\">\n        {\n          \"@context\": \"https:\/\/schema.org\",\n          \"@type\": \"Article\",\n          \"headline\": \"Revolving credit facility\",\n          \n          \"datePublished\": \"2022-08-31T08:53:41+00:00\",\n          \"dateModified\": \"2024-10-24T07:07:07+00:00\",\n          \"author\": [{\n              \"@type\": \"Person\",\n              \"name\": \"Alastair Woods\",\n              \"url\": \"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\"\n            }]\n        }\n    <\/script>\n \n <div class=\"last-updated view-user\" style=\"justify-content: left;\">\n \n <div class=\"info-left\">\n <a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\" aria-label=\"Alastair Woods\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp?is-pending-load=1\" alt=\"Alastair Woods\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"info-right\">\n <p>Page written by <a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\">Alastair Woods<\/a>. <span>Last reviewed on October 24, 2024<\/span>. <span>Next review due March 1, 2026.\n <\/span>\n <\/p>\n\n <\/div>\n\n <\/div>\n<\/div>\n\n<div id=\"externalTooltipContent\" style=\"display: none;\">\n <div class=\"top-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <div class=\"text\">\n <div class=\"name-author\">Alastair Woods<\/div>\n <div class=\"role-user\">South Africa Lead<\/div>\n <\/div>\n <\/div>\n <div class=\"description\">Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/div>\n<\/div>\n\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-35b921e uael-heading-align-left elementor-widget elementor-widget-uael-table-of-contents\" data-id=\"35b921e\" data-element_type=\"widget\" id=\"table-of-content-column\" data-settings=\"{&quot;heading_text_align&quot;:&quot;left&quot;,&quot;heading_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;heading_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;separator_bottom_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:15,&quot;sizes&quot;:[]},&quot;content_between_space_laptop&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;content_between_space_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"uael-table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"uael-toc-main-wrapper\" data-headings=\"h2,h3,h4\" >\n\t\t\t<div class=\"uael-toc-wrapper\">\n\t\t\t\t<div class=\"uael-toc-header\">\n\t\t\t\t\t<span class=\"uael-toc-heading elementor-inline-editing\" data-elementor-setting-key=\"heading_title\" data-elementor-inline-editing-toolbar=\"basic\" ><\/span>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"uael-toc-toggle-content\">\n\t\t\t\t\t<div class=\"uael-toc-content-wrapper\">\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t<ul data-toc-headings=\"headings\" class=\"uael-toc-list uael-toc-list-none\" data-scroll=\"\" ><\/ul>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"uael-toc-empty-note\">\n\t\t\t\t\t<span>Add a header to begin generating the table of contents<\/span>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c74f407 question elementor-widget elementor-widget-heading\" data-id=\"c74f407\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is a revolving credit facility?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1315a4 answer elementor-widget elementor-widget-text-editor\" data-id=\"d1315a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A revolving credit facility (line of credit) is a type of\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/working-capital-loans\/\">working capital finance<\/a> that enables businesses to quickly draw down or withdraw funds, repay, and withdraw again. You have a credit limit, just as you would with a business credit card\u00a0or bank overdraft.<\/p><p>It\u2019s popular among businesses that need to boost their\u00a0working capital, so you might use it for <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/short-term-loans\/\">short-term financing<\/a> that you plan to pay off quickly.<\/p><p>A revolving credit line is a bit like a flexible, open-ended loan. You can borrow money, pay it back, borrow some more, and so on, for the agreed duration of the term. In other words, once you\u2019ve repaid whatever you\u2019ve used, you can withdraw more \u2013 hence the term \u2018revolving\u2019. The lender tells you the maximum amount you can spend (your credit limit) and you then have the freedom to decide how much you borrow and pay back each month.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-14cc2c0 question elementor-widget elementor-widget-heading\" data-id=\"14cc2c0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How does a revolving credit facility work?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1b800c answer elementor-widget elementor-widget-text-editor\" data-id=\"a1b800c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You can think of revolving credit facilities as a type of loan that can be automatically renewed.<\/p><p>Once you\u2019ve an agreement in place with a lender (who may charge a small commitment fee), you won\u2019t pay anything until you actually start tapping into the line. You can make withdrawals whenever you need additional funding. Similarly you can make repayments whenever you want to. You might use the facility regularly or you might just dip into one once or twice.<\/p><p>You pay a fixed interest rate, usually daily, only on the amount you\u2019ve drawn down, not the entire credit line. This means your payments will probably be irregular because you\u2019re not borrowing a lump sum of money and being charged interest right away.\u00a0Your payment terms will specify how quickly you need to make repayments after withdrawing funds.<\/p><p>This is in contrast to a fixed business loan, which gives you access to funds for a specific amount of time (i.e. the term) \u2013 and you repay the loan (principal and interest) according to a fixed repayment schedule.<\/p><p>Your credit limit (i.e. the maximum you can withdraw) is usually the equivalent of one month\u2019s turnover for your business. If you make regular, consistent payments on your revolving credit account, your lender might agree to increase your credit limit.<\/p><p>Lenders typically offer terms between six months and two years, but if you\u2019re a reliable customer, a lender will typically offer a renewal at the end of the term.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c23148e question elementor-widget elementor-widget-heading\" data-id=\"c23148e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Revolving credit facilities vs. fixed business loans\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-22100e8 answer elementor-widget elementor-widget-text-editor\" data-id=\"22100e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With a revolving credit facility many lenders charge\u00a0 daily interest only on the amount you borrow (draw down)\u00a0and, after the initial set up fee, you won\u2019t pay anything until you actually start using the facility. It\u2019s therefore a more flexible option compared to a fixed loan where you\u2019d pay back principal and interest over a fixed term according to an agreed repayment schedule.<\/p><p>Although interest rates for revolving credit facilities are generally higher than those for fixed business loans, a revolving credit facility can work out cheaper in real terms than a fixed loan, because you\u2019re not being lent a lump sum of money and charged interest right away on the full amount and for the agreed duration.\u00a0If you use a revolving credit facility correctly, for example to cover specific cash flow gaps for a couple of weeks, you\u2019ll only pay interest only for those weeks, rather than for the agreed duration of the agreement. In other words, you only pay for what you use.<\/p><p>Terms for revolving credit facilities are typically between six months and two years \u2013 in other words short-term borrowing compared to many fixed business loans, though you may have the option to extend.<\/p><p>Compared to some fixed business loans, approval rates for revolving credit facilities are quick (within hours) and you can draw down immediately.<\/p><p>With a revolving credit facility, you don\u2019t have to set up a new agreement each time you make a withdrawal, which is helpful if your business needs to borrow small amounts regularly, rather than a larger amount for a specific project.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e651f1 question elementor-widget elementor-widget-heading\" data-id=\"6e651f1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Revolving credit facilities vs. business credit cards\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f8e122 answer elementor-widget elementor-widget-text-editor\" data-id=\"5f8e122\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you take out a revolving credit facility you won\u2019t usually get a payment card. This is one of the main differences between a revolving credit facility and a\u00a0business credit card. What this means is that if (for example) you want to buy<s>\u00a0<\/s>stock you won\u2019t use a credit card \u2013 instead, the funds will be transferred into your business bank account. In this sense, a revolving credit facility is more like a cash advance.\u00a0<\/p><p>Most revolving credit facilities have significantly lower interest rates compared to business credit cards (though some facilities come with a card as part of the deal).<\/p><p>You\u2019ll always have a credit limit with a revolving credit facility or a business credit card, just as you would with a\u00a0bank overdraft.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-929e64e question elementor-widget elementor-widget-heading\" data-id=\"929e64e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much can I borrow?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-87dd929 answer elementor-widget elementor-widget-text-editor\" data-id=\"87dd929\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In theory, you can borrow up to 100% of the value of the asset(s) you\u2019re using as security. These assets are usually commercial property, equipment or land. Some lenders will consider a net value of multiple assets including, for example, your personal assets such as your residential property, car or shares.<\/p><p>In practice, requests are typically 50-70% of the value of the asset(s). So, depending on the value of your asset(s) you could access a secured\u00a0business loan\u00a0from R10,000 to R10m and more.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03a3c27 elementor-widget elementor-widget-ucaddon_a_word_from_andrea\" data-id=\"03a3c27\" data-element_type=\"widget\" data-widget_type=\"ucaddon_a_word_from_andrea.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n<div class=\"word-from-andrea\">\n <div class=\"left-info\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/themes\/swoopMW50\/assets\/images\/andrea.webp\" alt=\"Andrea Reynolds, Swoop\u2019s CEO & Co-Founder\" width=\"136\" height=\"136\">\n <div class=\"position\"><strong>Andrea Reynolds<\/strong><br>Swoop\u2019s CEO & Co-Founder<\/div>\n <\/div>\n <div class=\"right-info\">\n <p class=\"title-module\">A word from Andrea<\/p>\n <div class=\"description\">\n <p><em>\"A revolving credit facility (line of credit) is a type of working capital finance that enables you to quickly withdraw money when you need it to fund your business, with the benefit of being able to repay it whenever you want to. This is different to a fixed business loan, which gives you access to funds for a pre-agreed term and you repay the loan according to a fixed repayment schedule. If you commit to making regular, consistent payments on your revolving credit account, your lender may agree to increase your credit limit, releasing more funds.\"<\/em><\/p> <\/div>\n <\/div>\n<\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53bbd88 question elementor-widget elementor-widget-heading\" data-id=\"53bbd88\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the difference between a revolving credit facility and an overdraft?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f3c5724 answer elementor-widget elementor-widget-text-editor\" data-id=\"f3c5724\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Like an overdraft, a revolving credit facility isn\u2019t a static (fixed) business loan. In both cases you can access pre-approved funds when you need to, and you pay interest on the amount you withdraw, while it\u2019s outstanding.<\/p><p>Essentially, a\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/business-overdraft\/\">business overdraft<\/a>\u00a0is a line of credit that you arrange with your bank to a set amount. It allows you to withdraw money from your account even when the balance is zero. If you go over your limit you incur a fee and you pay interest on the balance.<\/p><p>You\u2019re probably more likely to get a revolving credit facility from an alternative lender than you are from your bank. You can withdraw up to a pre-arranged amount (i.e. your credit limit) and you repay the outstanding balance (plus interest for the days you\u2019ve drawn down the funds) so that you can borrow again and again throughout the duration of your facility.<\/p><p>Revolving credit facilities are a popular alternative to overdrafts, which are harder to come by these days.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c79b12c question elementor-widget elementor-widget-heading\" data-id=\"c79b12c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the pros of a revolving credit facility?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a247452 answer elementor-widget elementor-widget-text-editor\" data-id=\"a247452\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Whether you need quick cash to pay for unforeseen expenses or expansion, or you want to make a series of smaller purchases, there are several reasons why you might choose a revolving credit facility to solve your short-term cash-flow issues.<\/p><p>Our comparisons with\u00a0fixed business loans,\u00a0credit cards\u00a0and overdrafts are set out above.<\/p><p>Here\u2019s a more general list of pros:<\/p><ul><li><strong>It\u2019s flexible\u00a0<\/strong>\u2013 a revolving credit facility can be a good finance option if you\u2019re a growing business that needs to occasionally dip into an overdraft-style pot of funds. You\u2019re not tied into a long-term commitment. Although interest rates are higher compared to a typical fixed business loan, if you use a revolving credit facility correctly it can work out cheaper in in real terms. For example, if you draw down funds for one week to meet a short-term cash flow need, you pay interest only for that week. See\u00a0<strong>Revolving credit facility vs. fixed business loan.<\/strong><\/li><li><strong>It\u2019s a <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/quick-business-loans\/\">fast source of funding<\/a><\/strong>\u00a0\u2013 you can often draw down money on the same day you apply for the facility. By contrast a business loan can take much longer to complete.<\/li><li><strong>It\u2019s significantly cheaper than using business credit card\u00a0<\/strong>\u2013 interest rates are much lower compared to rates for a credit card.<\/li><li><strong>It can grow with you<\/strong>\u00a0\u2013 if you\u2019re a reliable customer, i.e. you withdraw and repay money promptly, your lender will most likely increase your credit limit. In other words, a revolving credit facility can grow with your business.<\/li><li><strong>You might be in with a better chance\u00a0<\/strong>\u2013 because revolving credit facilities are generally short-term arrangements, they\u2019re sometimes available to businesses that would otherwise struggle to find credit.<\/li><li><strong>You pay interest only on what you draw down\u00a0<\/strong>\u2013 you\u2019re in the driving seat here. The interest rate is fixed and you pay interest only when you\u2019re using the facility. This makes it potentially cheaper in real terms than a fixed business loan. See\u00a0<strong>Revolving credit facilities vs. fixed business loans<\/strong>.<\/li><li><strong>There are no early repayment charges<\/strong>\u00a0\u2013 you pay back as quickly as you like. Unlike a fixed business loan, there are no fees for early repayment.<\/li><li><strong>It can help you keep your suppliers happy\u00a0<\/strong>\u2013 having a reserve of\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/working-capital-loans\/\" target=\"_blank\" rel=\"noopener\">working capital<\/a>\u00a0in the form of a revolving credit facility allows you to pay your suppliers on time (and on short payment terms). This means that if your business relies on a supply chain you\u2019ll be able to keep healthy stock levels, which in turn will allow you to fulfil customer orders.<\/li><li><strong>You can use revolving credit facilities in combination with other types of finance<\/strong>\u00a0\u2013 for example, you might also want to use\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/trade-finance\/\"><em>trade finance<\/em><\/a>\u00a0or\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/supplier-finance\/\"><em>supplier finance<\/em><\/a>\u00a0to help you manage your <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/supply-chain-finance\/\">supply chain funding<\/a>.<\/li><li><strong>You don\u2019t need to offer security<\/strong>\u00a0\u2013 which means no time-consuming asset valuations. As well as being quick to set up the facility you can draw down funds immediately \u2013 and throughout the term or until the agreement is changed (e.g. if your credit limit increases or the lender extends the term). You can of course choose to offer security in the form of a directors\u2019 personal guarantee.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0a5536 question elementor-widget elementor-widget-heading\" data-id=\"d0a5536\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are the cons of a revolving credit facility?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-448c8c6 answer elementor-widget elementor-widget-text-editor\" data-id=\"448c8c6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>These aren\u2019t necessarily cons but rather things to be aware of if you\u2019re considering a revolving credit facility as a finance option:<\/p><ul><li>You pay higher interest rates for a revolving credit line than you would with fixed term\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/business-loans\/\"><em>business loans<\/em><\/a>\u00a0<em>\u2013<\/em>\u00a0you\u2019re paying for the convenience and the flexibility (though lower rates compared to a business credit card). That said, if you use the facility correctly and only draw down for short periods of time, a revolving credit facility would work out less expensive in real terms than a fixed loan. This is because you pay interest only on what you draw down. See\u00a0<strong>Revolving credit facilities vs. fixed business loans<\/strong>.<\/li><li>You might have to pay a commitment fee (set-up fee).<\/li><li>You might be asked to provide a director\u2019s\u00a0personal guarantee\u00a0to secure the finance if your credit profile is less than perfect. If you\u2019re the director offering a personal guarantee and your business then fails to make repayments, you become personally liable for paying off the debt.<\/li><li>A revolving credit facility is essentially a short-term finance option, usually from six months to two years. If you\u2019re looking for long-term funding, this might not be the cheapest option for you, unless you use it correctly. It\u2019s worth doing the maths.<\/li><li>A revolving credit facility isn\u2019t suitable for a brand new startup because lenders usually require a minimum turnover and some trading history (at least three months), and for a secured facility (i.e. if you offer a personal guarantee) you\u2019ll need to offer assets (e.g. your home) as security.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b93915 question elementor-widget elementor-widget-heading\" data-id=\"3b93915\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is an example of a revolving credit facility?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f1d0db1 answer elementor-widget elementor-widget-text-editor\" data-id=\"f1d0db1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Let\u2019s say Biltong Ltd has taken out a revolving credit facility with an agreed limit of R200,000. It pays an initial set up fee of 3%, i.e. R6,000.<\/p>\n<p>The business needs access to cash to pay salaries while waiting for a customer to pay a large invoice. It draws down R50,000 and pays daily interest on this. After 30 days it repays the amount in full and is then able to access up to the full credit limit of R200,000 again.<\/p>\n<p>Bear in mind that taking out a revolving credit facility doesn\u2019t mean you have to use the maximum amount available \u2013 and you\u2019ll pay interest only on the amount you draw down.<\/p>\n<p>(Another option would have been to repay the R50,000 in smaller amounts over a few months until the full amount is paid off).<\/p>\n<p>See&nbsp;<strong>What can I use a revolving credit facility for?&nbsp;<\/strong>for other scenarios where businesses might benefit from a revolving credit facility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccea5e0 question elementor-widget elementor-widget-heading\" data-id=\"ccea5e0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is a revolving credit facility short-term or long-term debt?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab75772 answer elementor-widget elementor-widget-text-editor\" data-id=\"ab75772\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Revolving credit facilities are almost always used for the short term. Terms are typically between six months and two years. That said, you might have the option to extend the facility, providing you keep up with the repayments. That\u2019s for the lender to decide.\u00a0<\/p>\n<p>If you\u2019re looking for longer-term debt you might also consider, for example:<\/p>\n<ul>\n<li>secured business loans<\/li>\n<li>unsecured business loans<\/li>\n<li>business cash advances<\/li>\n<li>invoice finance<\/li>\n<li>asset-based lending<\/li>\n<li>asset refinance<\/li>\n<\/ul>\n<p>You can also use revolving credit lines in combination with other types of finance, for example trade finance\u00a0or\u00a0supplier finance\u00a0to help you manage supply chain funding.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-048758c question elementor-widget elementor-widget-heading\" data-id=\"048758c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Is a revolving credit facility unsecured?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34dc793 answer elementor-widget elementor-widget-text-editor\" data-id=\"34dc793\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Like loans, both revolving and non-revolving credit facilities come in secured and unsecured versions.<\/p><p>Security for a revolving credit line will usually take the form of a director\u2019s\u00a0personal guarantee.<\/p><p>Bear in mind that if you\u2019re the person who\u2019s offered the guarantee and your business fails to make repayments, you become personally liable for paying off the debt.\u00a0You should seek professional advice before you consider signing a personal guarantee.<\/p><p>As you\u2019d expect, you\u2019ll pay lower interest rates if you offer security than you would for an unsecured facility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c092c1e question elementor-widget elementor-widget-heading\" data-id=\"c092c1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the difference between a revolving credit facility and a non-revolving credit facility?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-118b93c answer elementor-widget elementor-widget-text-editor\" data-id=\"118b93c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A\u00a0revolving credit facility (i.e. a \u2018rolling\u2019 line of credit) and a non-revolving credit facility have some things in common. They are both a bit like a\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/business-loans\/\">business loan<\/a>\u00a0that\u2019s ready to go. You have an agreement with a lender that lets you borrow on an as-needed basis, and pay back when it\u2019s convenient. You have a credit limit in the same way that you would with a\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/business-credit-card\/\">business credit card<\/a>\u00a0or bank overdraft.<\/p><p>You can withdraw funds for a variety of purposes, you pay interest, and you can make payments at any time, as documented in your agreement.<\/p><p>There\u2019s one major difference: with a non-revolving credit facility the pool of\u00a0available credit\u00a0doesn\u2019t replenish after you\u2019ve completed your payments. Instead, once you pay off the line of credit in full, the lender closes the account and you can\u2019t use it again. So, unlike revolving credit, a non-revolving line of credit is a static product \u2013 a one-off financial arrangement. When you\u2019ve reached your credit limit, you can\u2019t borrow more.<\/p><p>A revolving credit facility, on the other hand, allows you to make withdrawals whenever you need additional funding \u2013 similarly you can make repayments whenever you want to. You might use the facility regularly or you might just dip into one once or twice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d24095 question elementor-widget elementor-widget-heading\" data-id=\"7d24095\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What interest rate will I pay for a revolving credit facility?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81a4b9d answer elementor-widget elementor-widget-text-editor\" data-id=\"81a4b9d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Revolving credit facilities tend to have much higher interest rates than fixed-term loans \u2013 you\u2019re paying for their convenience and their flexibility. That said, if you use the facility correctly and draw down only for short periods of time, a revolving credit facility would work out less expensive in real terms than a fixed loan. This is because you pay interest only on what you draw down. See\u00a0<strong>Revolving credit facilities vs. fixed business loans<\/strong>.<\/p><p>Interest rates for revolving credit facilities are significantly lower than rates for most\u00a0business credit cards.<\/p><p>Like any borrowing, your interest rate will depend on the risk to the lender (i.e. your business circumstances). If you can offer security, typically in the form of a director\u2019s personal guarantee, you\u2019ll pay lower rates than you would for an unsecured facility.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21a047b question elementor-widget elementor-widget-heading\" data-id=\"21a047b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is the set-up (commitment) fee for a revolving credit facility?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f3a605 answer elementor-widget elementor-widget-text-editor\" data-id=\"8f3a605\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In some cases, you\u2019ll be asked to pay an upfront commitment fee for \u2018right to access\u2019 the facility. After that you\u2019ll pay the standard daily or monthly interest on the funds you\u2019ve drawn down.<\/p>\n<p>This compensates the lender for keeping access to a potential loan open. The actual fee can either be a flat fee or a fixed percentage.<\/p>\n<p>These fees are typically around 1% of the credit limit but will vary according to lender and length of commitment.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0149995 question elementor-widget elementor-widget-heading\" data-id=\"0149995\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What can I use a revolving credit facility for?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fdf8e4e answer elementor-widget elementor-widget-text-editor\" data-id=\"fdf8e4e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A\u00a0revolving credit facility\u00a0can give you flexibility to make purchases when you\u2019re experiencing cash flow issues. You might need to make a large, one-off purchase, or you might have a series of smaller short-term cash flow issues to resolve.<\/p><p>Below are some examples of scenarios where you might benefit from a revolving credit facility:<\/p><ul><li>You might need to cover the cost of <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/emergency-business-loans\/\">emergency<\/a> repairs, bills or other unforeseen expenses.<\/li><li>If your business is seasonal you might use your facility to pay salaries until business picks up.<\/li><li>You might want to bulk-buy stock either to get better discounts or because your business is growing fast.<\/li><li>You might need to hire more staff, perhaps to fulfil a large order.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31a71b9 question elementor-widget elementor-widget-heading\" data-id=\"31a71b9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Can I get a revolving credit facility with bad credit?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-445eaf1 answer elementor-widget elementor-widget-text-editor\" data-id=\"445eaf1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>While you\u2019ll be offered better rates if your business has a good\u00a0credit score, you might be able to get a revolving credit facility with an imperfect personal or business credit score. The lender is however likely to ask for additional financial information and, in some cases, a director\u2019s personal guarantee as security for the finance. Bear in mind that if you\u2019re the person who\u2019s offered the guarantee and your business fails to make repayments, you become personally liable for paying off the debt.\u00a0You should seek professional advice before you consider signing a personal guarantee.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d21ec7 question elementor-widget elementor-widget-heading\" data-id=\"4d21ec7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How can revolving credit impact my credit score?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af879d4 answer elementor-widget elementor-widget-text-editor\" data-id=\"af879d4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As you\u2019d expect, if your business doesn\u2019t keep up repayments, this will negatively impact your business\u2019s credit score.<\/p><p>Here are some things you can do to minimise the chances of your revolving credit facility negatively impacting your credit score:<\/p><ul><li>Before you apply, check your personal and business credit history for anything that might be a red flag to lenders \u2013 you might be able fix any glitches.<\/li><li>Don\u2019t make multiple applications for revolving credit.<\/li><li>Borrow only what you need \u2013 by showing the lender that you don\u2019t intend to max out your limit straightaway you\u2019ll cast yourself in a favourable light.<\/li><li>Try to pay back your borrowing each month, even if you don\u2019t have to. This signals to lenders that you\u2019re responsible, it may help unlock larger credit limits, and it may encourage the lender to extend your facility beyond the initial term.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb4c9a5 question elementor-widget elementor-widget-heading\" data-id=\"cb4c9a5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Am I eligible for a revolving credit facility?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-030e34c answer elementor-widget elementor-widget-text-editor\" data-id=\"030e34c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Lenders will look at various aspects of your financial history, both business and personal, to build up a picture of the risk you pose to them.<\/p><p>What lenders really care about is the amount of cash regularly flowing into your business bank account. This means that if you\u2019re after just a small facility, a lender might look only at your bank account \u2013 an advantage if you\u2019re a new company (though you\u2019ll need to have been trading for more than 3 months).<\/p><p>Revolving credit facilities are generally short-term arrangements, so if you\u2019ve previously struggled to find credit, you might have more success with this type of product.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-adb378c question elementor-widget elementor-widget-heading\" data-id=\"adb378c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How much can I borrow?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53b9dbf answer elementor-widget elementor-widget-text-editor\" data-id=\"53b9dbf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The amount a lender will offer (i.e. your credit limit) is usually equivalent to one month\u2019s turnover for your business. If you\u2019re a strong business or a repeat customer, you might be offered a larger credit limit after you\u2019ve proved to be a responsible customer by making regular, consistent payments on your revolving credit account. In this sense it\u2019s a dynamic product, compared to a non-revolving\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/knowledge-hub\/line-of-credit-non-revolving\/\">line of credit<\/a>.<\/p><p>Lenders will initially offer a maximum facility size based on:<\/p><ul><li>the financial strength of your business<\/li><li>any security you offer (security for a revolving credit line will generally take the form of a director\u2019s\u00a0personal guarantee).<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2202ddb question elementor-widget elementor-widget-heading\" data-id=\"2202ddb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are my other finance options? \n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-888b41f answer elementor-widget elementor-widget-text-editor\" data-id=\"888b41f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you decide that a revolving credit facility isn\u2019t right for you, you could consider\u00a0<a class=\"rank-math-link\" href=\"https:\/\/swoopfunding.com\/za\/uk\/business-loans\/invoice-finance\/\">invoice finance<\/a>, which enables you to receive an advance on payments due to you. You could also consider a\u00a0<a class=\"rank-math-link\" href=\"https:\/\/swoopfunding.com\/za\/merchant-cash-advance\/\">merchant cash advance<\/a>\u00a0if your business accepts payment via credit and debit cards.<\/p><p>If you need funding to improve cash flow or to purchase things such as machinery or vehicles for your business, you could look at\u00a0<a class=\"rank-math-link\" href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/\">asset finance<\/a>\u00a0or\u00a0<a href=\"https:\/\/swoopfunding.com\/za\/loans\/\">business loans<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-485b616 elementor-widget elementor-widget-spacer\" data-id=\"485b616\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d9cb8d4 elementor-widget elementor-widget-ucaddon_author_page\" data-id=\"d9cb8d4\" data-element_type=\"widget\" data-widget_type=\"ucaddon_author_page.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n <div class=\"info-user-post\">\n \n <div class=\"left-info\">\n <a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\" aria-label=\"Alastair Woods\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n <\/div>\n \n <div class=\"right-info\">\n <div class=\"inner-top\">\n <div class=\"info-top\">\n <a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\" aria-label=\"Alastair Woods\" class=\"link-img\">\n <picture loading=\"lazy\" decoding=\"async\" class=\"attachment-large size-large\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp\" data-lazy-src=\"https:\/\/swoopfunding.com\/wp-content\/uploads\/2024\/10\/alastair.webp?is-pending-load=1\" alt=\"\" class=\"jetpack-lazy-image\" loading=\"lazy\" width=\"92\" height=\"92\">\n <\/picture>\n <\/a>\n \n <div class=\"info-title\">\n <p>Written by<\/p>\n <p class=\"name-author\"><a href=\"https:\/\/swoopfunding.com\/za\/author\/alastair-woods\/\">Alastair Woods<\/a><\/h3>\n <\/div>\n <\/div>\n \n \n <\/div>\n <div class=\"info-bottom\">\n <p>Alastair is South African and has a depth of experience in small business financing and strategy. He has led the launch and development of several successful ventures related to fintech, biotech and agriculture. Alastair studied economics and finance at the University of Cape Town, and then went on to complete his Masters at the University of Edinburgh.<\/p>\n <\/div>\n\n <ul class=\"social-links\">\n \n <li><a href=\"https:\/\/www.linkedin.com\/in\/alastair-woods-64635315\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Linkedin\">\n <img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/themes\/swoopMW50\/assets\/icons\/icon-linkedin-min.svg\" width=\"30\" height=\"30\" alt=\"Linkedin\">\n <\/a><\/li>\n \n <\/ul>\n\n <div class=\"swoop-promise\">\n <p><strong>Swoop promise<\/strong><\/p>\n <p>At Swoop we want to make it easy for SMEs to understand the sometimes overwhelming world of business finance and insurance. Our goal is simple \u2013 to distill complex topics, unravel jargon, offer transparent and impartial information, and empower businesses to make smart financial decisions with confidence.<\/p>\n <p>Find out more about Swoop\u2019s editorial principles by reading our <a href=\"https:\/\/swoopfunding.com\/za\/about-swoop\/editorial-policy\/\">editorial policy<\/a>.<\/p>\n <\/div>\n\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-00c255c e-flex e-con-boxed e-con e-parent\" data-id=\"00c255c\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3b2dd45 e-con-full e-flex e-con e-child\" data-id=\"3b2dd45\" data-element_type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f034e59 elementor-widget__width-auto elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"f034e59\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"60\" height=\"33\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/08\/icon-swoop.svg\" class=\"attachment-full size-full wp-image-19975\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-47d6651 elementor-widget__width-auto elementor-widget elementor-widget-heading\" data-id=\"47d6651\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Create your free Swoop account to easily apply for a revolving credit facility<\/p>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ca71c4f elementor-widget__width-auto bt-form-45 elementor-mobile-align-center elementor-widget-mobile__width-inherit elementor-widget elementor-widget-button\" data-id=\"ca71c4f\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/southafrica.swoopfunding.com\/stage\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Join Swoop<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c243fbf e-flex e-con-boxed e-con e-parent\" data-id=\"c243fbf\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fb7f529 elementor-widget elementor-widget-ucaddon_auto_page_related\" data-id=\"fb7f529\" data-element_type=\"widget\" data-widget_type=\"ucaddon_auto_page_related.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\n\n\t\t\t\n\n\n\n <div class=\"container-auto-page-related\">\n <p class=\"title-related text-center\">Related pages<\/p>\n <div class=\"auto-page-related\">\n <ul>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/accounts-receivable-financing\/\">Accounts receivable financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/aircraft-financing\/\">Aircraft financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/apply-now\/\">Apply for a business loan now <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/\">Asset finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/asset-based-lending\/\">Asset-based lending <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/audio-visual-financing\/\">Audio visual equipment financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/bad-credit-business-loans\/\">Bad credit business loan <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/working-capital-loans\/bad-credit-working-capital\/\">Bad credit working capital loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/bakery-equipment-financing\/\">Bakery equipment financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/boat-financing\/\">Boat financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/bobcat-financing\/\">Bobcat financing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/business-car-finance\/\">Business car finance <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/business-line-of-credit\/\">Business line of credit <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/marketing-loans\/\">Business loan for marketing <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/\">Business loans <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/sectors\/business-loans-for-bed-and-breakfasts\/\">Business loans for bed and breakfasts <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/business-loans-for-software\">Business loans for software <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/loans-for-women\/\">Business loans for women <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/business-loans-with-cosigner\/\">Business loans with a cosigner <\/a>\n <\/li>\n <li >\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/business-refinancing-and-debt-consolidation\/\">Business refinancing and debt consolidation <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/business-restructuring\/\">Business restructuring <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/business-van-finance\/\">Business van finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/cash-flow-loans\/\">Cash flow loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-leasing\/commercial-equipment-leasing\/\">Commercial equipment leasing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/commercial-equity-line-of-credit\/\">Commercial equity line of credit <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/commercial-finance\/\">Commercial finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/commercial-fleet-finance\/\">Commercial fleet finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/construction-equipment-financing\/\">Construction equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/invoice-finance\/construction-invoice-finance\/\">Construction invoice finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/crane-finance\/\">Crane equipment finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/delayed-draw-term-loan\/\">Delayed draw term loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/dental-equipment-financing\/\">Dental equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/dump-truck-finance\/\">Dump truck financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/easy-business-loans\/\">Easy business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/emergency-business-loans\/\">Emergency business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-appraisals\/\">Equipment appraisals <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/equipment-finance-brokers\/\">Equipment finance brokers <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/\">Equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-leasing\/\">Equipment leasing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/excavator-finance\/\">Excavator financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/finance-lease-vs-operating-lease\">Finance lease vs. operating lease \u2013 what\u2019s the difference? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/finance-lease\/\">Finance leasing explained &#8211; what is it? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/flexible-finance\/\">Flexible finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/forklift-finance\/\">Forklift financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/franchise-finance\/\">Franchise finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/heavy-equipment-finance\/\">Heavy equipment finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-leasing\/heavy-equipment-leasing\/\">Heavy equipment leasing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/how-do-small-business-loans-work\/\">How do small business loans work? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/how-long-does-it-take-to-get-a-business-loan\/\">How long does it take to get a business loan? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/startup-loans\/how-to-get-a-startup-loan\/\">How to get a startup loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/industrial-equipment-finance\/\">Industrial equipment finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/invoice-discounting\/\">Invoice discounting <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/invoice-factoring\/\">Invoice factoring <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/invoice-factoring\/factoring-vs-discounting\/\">Invoice factoring vs. invoice discounting: What&#8217;s the difference? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/invoice-finance\/\">Invoice finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/islamic-business-finance\/\">Islamic business finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/large-business-loans\/\">Large business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/management-buyout\/\">Management buyouts <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/manufacturing-equipment-financing\/\">Manufacturing equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/material-handling-equipment-finance\/\">Material handling equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/medical-equipment-finance\/\">Medical equipment finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-leasing\/medical-equipment-leasing\/\">Medical equipment leasing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/merchant-cash-advance\/\">Merchant cash advance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/merchant-cash-advance\/\">Merchant cash advance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/mezzanine-finance\/\">Mezzanine finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/no-collateral-business-loans\/\">No collateral business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/no-credit-check-business-loans\/\">No credit check business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/no-doc-business-loan\/\">No doc business loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/operating-lease\/\">Operating leases explained: What are they? How do they work? <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/purchase-order-financing\/\">Purchase order financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/quick-business-loans\/\">Quick business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/quick-business-loans\/\">Quick business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/best-business-loans-100000-or-less\/\">R100,000 or less business loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/invoice-finance\/recruitment-invoice-finance\/\">Recruitment invoice finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-leasing\/restaurant-equipment-leasing\/\">Restaurant equipment leasing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/revenue-based-financing\/\">Revenue based financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/revolving-credit-facility\/\">Revolving credit facility <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/saas-finance\/\">SaaS finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/same-day-business-loans\/\">Same-day business loan <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/secured-business-loans\/\">Secured business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/self-employed-loans\/\">Self-employed business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/seller-financing\/\">Seller financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/semi-truck-financing\/\">Semi-truck financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/short-term-loans\/\">Short-term business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/small-business-loans\/\">Small business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/soft-asset-finance\/\">Soft asset finance: What you need to know <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/solar-energy-installations\/\">Solar energy installations <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/solar-equipment-financing-for-businesses\/\">Solar equipment financing for businesses <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/startup-equipment-finance\/\">Startup equipment finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/supercar-finance\/\">Supercar finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/supply-chain-finance\/\">Supply chain finance <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/equipment-financing\/technology-equipment-financing\/\">Technology equipment financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/term-loans\/\">Term loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/tractor-finance\/\">Tractor financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/tractor-trailer-finance\/\">Tractor trailer financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/unsecured-business-loans\/\">Unsecured business loans <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/asset-finance\/vending-machine-finance\/\">Vending machine financing <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/what-documents-do-you-need\/\">What documents do you need for your funding application? A business owner&#8217;s guide <\/a>\n <\/li>\n <li class=\"hidden_li offscreen\">\n <a href=\"https:\/\/swoopfunding.com\/za\/business-loans\/working-capital-loans\/\">Working capital loans <\/a>\n <\/li>\n <\/ul>\n <div class=\"container_bt\">\n <button class=\"bt_see_more\" href=\"javascript:void(0);\" aria-label=\"See more\">See more<\/button>\n <\/div>\n <div id=\"grey-out\"><\/div>\n <\/div>\n <\/div>\n\n\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-5ca7655 e-flex e-con-boxed e-con e-parent\" data-id=\"5ca7655\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-5510f00 e-flex e-con-boxed e-con e-child\" data-id=\"5510f00\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-da6c1fa e-con-full e-flex e-con e-child\" data-id=\"da6c1fa\" 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data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_qardus_qardus.png\" class=\"attachment-full size-full wp-image-26939\" alt=\"Qardus\" srcset=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_qardus_qardus.png 417w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_qardus_qardus-300x90.png 300w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_qardus_qardus-54x16.png 54w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_qardus_qardus-80x24.png 80w\" sizes=\"auto, (max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-3c6d877 e-con-full e-flex e-con e-child\" data-id=\"3c6d877\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50a8f51 elementor-widget elementor-widget-image\" data-id=\"50a8f51\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" loading=\"lazy\" width=\"417\" height=\"125\" src=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_Growth-lending.png\" class=\"attachment-full size-full wp-image-26928\" alt=\"Growth lending\" srcset=\"https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_Growth-lending.png 417w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_Growth-lending-300x90.png 300w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_Growth-lending-54x16.png 54w, https:\/\/swoopfunding.com\/za\/wp-content\/uploads\/sites\/7\/2022\/10\/brand_Growth-lending-80x24.png 80w\" sizes=\"auto, (max-width: 417px) 100vw, 417px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a880760 e-con-full e-flex e-con e-parent\" data-id=\"a880760\" data-element_type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf95e9c elementor-widget elementor-widget-template\" data-id=\"cf95e9c\" data-element_type=\"widget\" data-widget_type=\"template.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-template\">\n\t\t\t\t\t<div data-elementor-type=\"section\" data-elementor-id=\"11997\" class=\"elementor elementor-11997\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div class=\"elementor-element elementor-element-db4fd27 e-con-full e-flex 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