GrowthLine

Your flexible line of credit

Up to £1m of flexible working capital finance. Loved by small businesses. Don’t use it? No charge.

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"Growth Street were really flexible... When we needed more capital to grow we had access to it really easily and really quickly."

Rob O'Donovan Co-Founder of Born Social

What’s a GrowthLine?

GrowthLine is a flexible line of credit that businesses use to manage their cash flow and working capital.

Every business has valuable working capital tied up in assets, whether it’s in invoices or unsold stock. GrowthLine helps you unlock this capital and put it to work. Our customers use their GrowthLines to plan and manage growth: purchasing stock, hiring, moving offices, and much more.

The best part? You use as much or as little cash as you want within your agreed limit, and you only pay for what you use.

With a GrowthLine, you have access to a line of credit, up to a limit that we agree with you (maximum of £1,000,000). Borrow and repay as often as you like, and only pay for what you use. Rates from 7.2% APR mean that financing your working capital has never been simpler.

The vital statistics

  • GrowthLine limits range from £30k to £1m

  • Charges start from 0.6% per month (equivalent 7.2% APR)

  • Secured against all assets OR against specific invoices

  • One-on-one support from our expert relationship managers

Accessing your GrowthLine

Getting set up with a GrowthLine is easy. Complete a quick online application and one of our team will be in touch within 24 hours. Once you’ve submitted the documentation we need we’ll be able to determine if you qualify and give you your facility limit. All you need to do after that is accept the offer, activate your borrowing account and you’re good to go.

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What we need from you

We’ll need to see a few documents to assess your financial situation:


  • Your most recent set of filed company accounts

  • A monthly bank statement from within the last quarter

  • Your company’s management accounts

  • A report of your company’s aged debtors


This process works best when you share access to your cloud accounting platform. Growth Street is integrated with Xero, QuickBooks, Sage and many more providers. If you have any questions about cloud accounting, just get in touch.

How much does it cost to borrow with Growth Street?

£1000 £1,000,000
£
1 month 12 months
month
0.6% 1.65%
%

To borrow £ for month you'll pay:

Total cost

£ (% APR)

Is my business eligible?

GrowthLine is available to UK businesses* which:

  • Are registered in England, Wales or Northern Ireland. At this time we can’t offer GrowthLine to companies registered in Scotland

  • Have a majority of directors and shareholders that are UK residents

  • Have been trading for at least 15 months *OR* issues invoices to large companies

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*(See a full list of ineligible business types here.)

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Your capital is at risk if you lend to businesses. Not covered by FSCS. FIND OUT MORE

Your capital is at risk if you lend to businesses. P2P lending is not covered by the Financial Services Compensation Scheme. FIND OUT MORE