For SME's
Your account receivables
as working capital
CreditLine is unlike most traditional types of business finance. We continuously calculate your revolving line of credit against the value of your debtor portfolio (B2B invoices), allowing you to use your business value as working capital. Ideal for cashflow purposes related to your business.
Quickly work your credit to spend time on what matters most; reaching your company's full potential.
Access from
£250k to £5m
The dynamic line of credit is continually calculated against up to 80% of the value of your outstanding debtors
CreditLine is your go-to credit partner for whatever your business needs. Experience a cost-effective and time-efficient approach to SME funding without your personal property as security. Get access to continuously available funds with dynamic limits according to the number of your account receivables, which means your credit limit grows with your debtor book. No longer wait for endless payment terms. Use CreditLine instead.
Choose funding
that suits your business
Easy access to your capital whenever you need it
We help you set up your credit facility in no time without notifying your buyers, and we automatically renew your contract after a standard yearly revision. All you have to do is provide us with a weekly update about your account receivables, either through an automated link or manually, using our online dashboard. Manage your funding the right way and access continuously available funds within a dynamic limit. That's how you achieve your aspired growth.
Get started in a few easy steps
01
Create a TP24 account
02
Connect your accounting software and upload your financials
03
Meet us during a (online) company visit
04
Sign and achieve your ambitions
Integrates with your existing accounting software
Download our factsheet
Learn more about CreditLine – including criteria and benefits
Solving finance challenges for business owners across the globe
We would love to hear from you
Have a chat with our team and see how incomparable we are.
You got questions
We issue credit lines from £250,000 to £5,000,000. The limit of your credit facility is determined by the total amount of receivables insurable within the framework as well as a few security features built into the product.
Our product is intended for general corporate purposes. Whether you use it to onboard new clients, extend payment terms for existing clients or buy new machinery, it is entirely up to you. We do not pose any restrictions for the use of the financing.
We work with an annual interest rate, charged on a monthly basis. Next to that, we charge a one-off upfront fee over the approved credit amount, as well as a facility fee that allows us to retain the funds for you throughout the year.
Whenever you upload your accounts receivables book into the Tradeplus24 platform, we will determine which ones meet the eligibility criteria, which also means they can be used as collateral for financing.
We set up your credit line by means of a silent assessment. This does not tell your buyers anything about any financing your company is receiving against them. Our service is discrete and reliable. As part of the onboarding process we might verify a minor sample of your invoices.
Loans are denominated in the United Kingdom. We accept accounts receivables in all major currencies, as long as at least 50% of your outstanding receivables comes from UK based businesses.
Apply online through our convenient 4 step process. Our team is always ready to support. After your online application is completed, we will be in touch with you personally to walk through our checklist and complete the onboarding process. Visit our process page for more information.
Your accounts receivables total at least £500K Your business has been actively trading for >3 years You are registered in the UK with a UK business bank account At least 50% of your accounts receivables comes from UK businesses
To maintain continuity in our service, we require a weekly update on the status of your accounts receivables. You can do this through an automated link with your accounting software, or manually in your personal online dashboard. This will only take you a couple of minutes of time each week.
The initial drawdown has a 90-day tenure, after this the loan is automatically rolled over every 30 days. If you want to adjust the drawdown amount, this can be done on every roll-over event.
We expect the standard process to take approximately between 1 and 2 weeks .
We offer a B2B service, which means that we are not regulated by the standard bodies that protect consumers in financial services. However, we comply with all required (inter)national data protection laws such as the GDPR, are registered with the FCA as an Annex 1 financial company and only work with highly accredited partners to ensure a safe and reliable service.
The protection of your data is important to Tradeplus24 and we make sure that all our partners adhere to the highest standards of data protection. We will never share your data with any third parties without your explicit consent.