Recharge your credit: How Flexipay gives you more credit than you think

Business finance can be tricky. We get it. It’s a constant balancing act: ensuring you have a cash flow buffer, while also considering the need to invest to grow.

What if there was a financial safety net that’s always ready when you need it? Instead of having to inject personal funds into your business, it could help with seasonal cash flow, allow you to test new growth ideas without committing to a big investment upfront, or do away with the extra financial admin that comes with applying for further finance. 

That’s where FlexiPay comes in. Here we explore how FlexiPay’s rechargeable credit limit could be a real lifesaver during tight spots or growth phases.

What is FlexiPay?

FlexiPay is a flexible line of credit that gives businesses the freedom to decide how and when to make payments. 

Pay business costs upfront, such as purchases, bills and invoices, and then choose how you repay. We’ll pay in your name and you can choose to repay over 1, 3, 6, 9 or 12 instalments  – whatever works best for your cash flow. Whichever repayment schedule you choose, you’ll pay the cost back in equal monthly instalments.

What is FlexiPay’s rechargeable credit limit?

When you make repayments, your available funds bounce back. So they’re ready to use again without you having to reapply for further credit. Unlike a traditional bank loan, you have access to a revolving line of credit, saving you time on sourcing and applying for new finance.

For example, your business qualifies for a £10,000 line of credit. You spend as much of that as you need, and pay it back in instalments that suit your business. Once you’ve repaid the amount you’ve used, your full £10,000 credit gets ‘recharged’, freeing it up for you to use again. 

How much can I borrow with Flexipay?

Credit limits on FlexiPay range from £2,000 to £250,000. You’ll get an instant decision when you apply, so you’ll know what your specific credit limit is as soon as you’re approved.

What if my business needs more than I’ve been offered? 

Thanks to the rechargeable credit limit, FlexiPay users can maximise how much they can borrow, without the fuss of having to reapply every time. 

For example, your business needs £40,000. But you’ve only been offered a £10,000 line of credit and you think this is too low to meet your needs. As long as you maintain repayments, that £10,000 will recharge. So you could spend £10,000 every quarter and pay it back in three instalments, which would be equivalent to £40,000 of lending. 

How much does FlexiPay cost?

FlexiPay is free to set up when you apply directly, and comes with no interest or annual fees. We charge a simple flat fee each time you use it. We’ll assess your business and set your fee amount when you apply, with fees from 1.99%, depending on how many instalments you choose.

Am I eligible for FlexiPay?

To be eligible to apply for FlexiPay, you need to:

• Have a minimum of one year of trading history
• Be a limited company

How do I apply for FlexiPay?

If your small business could benefit from a rechargeable credit limit, then FlexiPay could be right for you. Check your eligibility online in minutes.

04/08/25: While we want to help as much as we can, the information found here is provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here. If you have any questions, please speak to your professional adviser or seek independent legal advice.