TP24 | Businesses UK

CreditLine is a flexible credit facility that uses your business' accounts receivable as collateral, allowing you to access funds quickly. After setup and approval, you're given a credit limit based on the value of your outstanding invoices.

You can draw funds as needed, paying interest only on the amount you use, which provides flexibility in managing cash flow.

From £250,000 to £5,000,000
Higher Limits at better Conditions

No lock-in agreements. No trust account. No monthly reconciliation. No submitting invoices.

Your receivables grow? So does your credit line giving you access to additional capital. You’re worried about non-transparent pricing? We charge a facility fee from 1% and an arrangement fee of 1-3.5%. Other than that, you exclusively pay for what you draw. You’d rather spend your time growing your business than having reconciliation with us or submitting invoices? We value that and don’t require reconciliation. And, as long as you use an accounting software our engine can access, we can automatically draw invoices via API.

Our Engine
continually calculates your Credit Line against your Debtors.

How it works

In the first step, we ingest your debtor-data into our engine – either via API (if we support your accounting software) or upload. Our engine confirms if the data is valid, checks it against our eligibility criteria and structures it into “eligible” and “non eligible”. After that, it automatically sets the credit limit through our proprietary limit system and insures it with a double-wrap insurance by our partner Allianz. Now your CreditLine is up-to-date and matches the current value of your receivables. This process can be repeated daily, providing your business with financial flexibility while minimising administrative efforts.