Available Monday – Friday
from 09h00 to 17h30
If you’d prefer to speak to one of our team on the phone we’re here for your business.
The FIBR business line of credit is a flexible lending product which allows a business to access finance immediately, drawing from a personalised line of credit. When you apply, you will be approved for a set credit limit, withdrawal fee percentage, and withdrawal repayment term.
Once you have been approved, any amount of funds can be withdrawn, from £1000 up to your limit. Each withdrawal will incur a set fee (a percentage of the amount withdrawn), which will be paid back alongside the loan itself, on a monthly basis. There is zero ongoing interest charged, and no other fees for normal usage.
Each withdrawal is payable across your pre-approved term. Once funds are paid back, they can be redrawn.
We can provide funding to Limited companies, across most sectors. To be eligible, your business needs to meet the following detailed criteria:
Once you have access to your dashboard, you can use the slider to select the amount your wish to withdraw. The calculator displays your monthly repayment amount, your total cost of borrowing, your fee, and the APR equivalent for full transparency.
We send your funds using the Faster Payments Scheme, which means they usually arrive immediately, but in some cases, it can take up to 2 hours. Funds are deposited into your primary business bank account which you connect when you apply.
Any amount of funds can be withdrawn, from £1000 up to your limit. You can make one or many withdrawals, to suit your business needs.
For each drawdown you will repay the borrowing amount and fee in equal installments across the period of your approved term. We collect repayments from your primary business bank account by direct debit on a monthly basis. If you make multiple withdrawals we will consolidate your repayments into a single direct debit, making it clearer and easier for you to manage.
Whenever we collect a repayment from you, we will allocate the repayment between fee and principal amounts. You’ll be able to see your available credit increasing on your dashboard as repayments are made.
The calculated amount that we can lend to you will be notified to you once you have made an application. If you would like to discuss this in more detail, please contact us at any time at email@example.com or +44 117 325 7531.
Your business can apply for an increased amount over and above the calculated amount if there is additional evidence that we have not taken into account; you should note that lending more than the calculated amount may attract a marginally increased price. If you would like to request more than the limit calculated, please contact us at firstname.lastname@example.org or +44 117 325 7531.
We’ve put together a handy comparison table on this page.
We believe that our line of credit is more flexible and fair than other lending products, however you should ensure that it is right for you. If you would like to discuss this in more detail, please contact us at any time at email@example.com or +44 117 325 7531.
If you apply for credit via FIBR a credit search may be conducted with credit bureau(x) against the business that will be visible to your business, to FIBR, to the credit bureau, and to other potential lenders. This credit search will remain visible for one year from the date of search. Where a personal guarantee is requested, this will initially be recorded as a quotation search (which is visible to you, to FIBR, to the credit bureau but not to other lenders). If you proceed with the credit application acting as a guarantor for your business this search will be visible to you, to FIBR, to the credit bureau, and to other potential lenders, and this credit search will remain visible for one year from the date of search.
If you fail to make repayments in the contractually agreed manner this may impact either your or your business’s credit rating. If you would like to understand this in more detail, please contact us at any time at firstname.lastname@example.org or +44 117 325 7531.
We recognise that you need to spend time making sure your business is doing business not applying for finance. To help you, we have streamlined the application process to ask you only the most important questions, which we cannot get the answers to from anywhere else. This information includes:
If you have any questions would be If you would like to discuss this in more detail, please contact us at email@example.com or +44 117 325 7531.
For each withdrawal, you’ll be charged a one-off fee, approved and communicated to you when you apply. Then that’s it. No other charges. Zero ongoing interest, zero usage charges.
Your fees are based on our detailed assessment of your business’s credit risk. We use data from many more sources than traditional lenders to give us the most rounded and up-to-date understanding of your business. Using this information, we calculate a personalised withdrawal rate, which will be applied to each drawdown you make.
Here’s an example:
Your business has been approved for a credit line of £100k, with a 5% withdrawal charge, and a term of 12 months for each withdrawal.
You decide to withdraw £20k, with a withdrawal charge of £1k (5% of £20k). Therefore you will pay back £21k in total, across 12 months. That’s £1,750 per month.
That’s it – it really is as simple as that!
For each withdrawal, we will set up a Direct Debit with your primary business bank account, which you connected on application. This means you don’t need to worry about repayments and can focus on running your business.
We will send you a courtesy reminder of your upcoming Direct Debit so you can ensure you have enough in your account to make the payment. If for whatever reason we cannot take the payment, we will send you another reminder after 24 hours. You’ll then be granted 7 days to make the repayment.
If you then fail to make your payment within 7 days of the due date, a fee of 10% of the missed payment amount or £100 (whichever is greater) will be charged and applied to your total repayable amount. The late fee will be automatically added to the following month’s payment.
We do whatever we can to help, and if you think you won’t be able to make a repayment, please get in touch with us at firstname.lastname@example.org or +44 117 325 7531 to discuss your options.
Open banking is a Government/CMA driven requirement to promote more transparency and competition in the financial services market. We use Open Banking to review your business banking transactions in order to offer you a tailored credit facility based on your business banking history. Connecting your banking through our partner TrueLayer, allows us view-only access to see bank transaction data on an ongoing basis. This is completely secure as the transfer of your data is encrypted end to end. Linking an account requires you to enter your online banking details, including your password. All of this information is encrypted and never seen by human eyes. Your credentials will never be stored or made accessible to FIBR or anyone else and TrueLayer is an authorised payment institution by the Financial Conduct Authority to provide Account Information Services (AIS) and Payment Initiation Services (PIS) in the UK.
Yes, at your request we can disconnect your bank account from the FIBR platform immediately should you not proceed with your application. Otherwise, connections are automatically closed after 90 days if they aren’t required.