The revolving credit facility built for established UK businesses is now open. Here’s what it is, how it works, and whether it’s right for you.
multifi Flexi Credit is built around a different idea. Borrow only what you need. Repay it. Get it back without reapplying.
Today, that facility is officially open to established UK limited companies.
Flexi Credit is a revolving credit facility: from £5,000 to £350,000 – that works in three stages.
During your 30-day funding period, you draw what you need. You could draw once or several times, up to your approved limit. Interest accrues only on what you actually use, from the day you draw it.
Capital repayments begin 60 days from the opening of your funding period, not from each individual draw. That means if you’re buying stock today and expecting payment from customers in six weeks, there’s a reasonable chance you’ve already been paid before your first capital repayment is due. Those repayments are then spread equally over three to six months, with the amount you owe in interest falling each month as your balance reduces.
When your outstanding balance drops below two-thirds of your original limit, your facility reloads. No new application. No credit search. Just a quick account check and you can draw again.
Interest runs from 1.99% to 4.99% per month, set at the point of approval based on your business’s financial profile and fixed for the life of each draw. Beyond that, the fees are:
That’s not a promotional offer. That’s the product.
Flexi Credit is designed for established UK limited companies. To be eligible, you’ll need to have been trading for at least 12 months and have an annual turnover of at least £50,000. The facility is unsecured: no charge over business assets, though a personal guarantee from a company director is required.
The businesses it tends to suit best are those with predictable revenue, occasional cashflow gaps, and no appetite for the admin involved in applying for credit each time they need it:
If your business is already profitable and well-run, and you’re finding that traditional lenders are slow, inflexible, or asking you to borrow more than you need, Flexi Credit is worth a look.
Checking your limit takes about 60 seconds and uses a soft credit search: it won’t affect your credit score and carries no commitment.
If you decide to proceed, you’ll connect your business bank account via Open Banking. This is a read-only connection regulated by the FCA where we can see your transaction history to make a faster, fairer decision, but we can’t move money, make payments, or change anything on your account. The connection takes around 90 seconds to set up.
85% of decisions are made within 24 hours. Once agreed and documents are signed, funds are typically available the same day or next business day.
UK SMEs are still being underserved by the options available to them. Term loans lock businesses into fixed repayment structures regardless of how cash flow actually moves. Merchant cash advances are expensive and opaque. Bank overdrafts are unreliable and increasingly difficult for businesses to access without significant assets to pledge as collateral.
Flexi Credit isn’t a perfect fit for every business. But for those it does fit, it removes a genuine and persistent source of friction – the need to choose between borrowing too much and going back to the start.
That’s the problem we built this to solve.
No credit check. No commitment. Just a quick, honest eligibility check that takes 60 seconds.
