Growth Street business credit facility

Growth Street offers UK businesses a secured revolving credit facility of up to £1 million. The peer-to-peer lender's aim is to help unlock cash tied up in unpaid invoices, stock or "work in progress". It has matched more than £500m of investors' funds with growing businesses.


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Growth Street’s finance product “GrowthLine” offers UK businesses a line of credit as an alternative to traditional, expensive bank overdrafts or term loans – having spotted a need for businesses to get more flexibility when managing cash flow. You get a spending limit and can withdraw cash and make repayments when you wish during the month. But you’ll only pay for the money you use, so if your balance is at £0 for the month, you won’t pay anything for that period.

Managing your cash flow can be a drain on time and energy. You could be managing your company’s seasonal cycles or trying to work out the timings of invoice payments against your staff’s wages. GrowthLine may help as it allows you to have a source of cash available for the inevitable hiccups that come with being in business. It all comes in return for the relatively small monthly service fee and an interest rate that’s based on Growth Street’s assessment of your company’s risk profile.

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Help your business grow with Nucleus Cash Flow Finance

If your business has been trading for at least 3 years, Nucleus Cash Flow Finance can provide the additional funds for your SME needs.

  • Borrow from £25,000 to £150,000
  • Once accepted, funds are issued the same day
  • No early repayment fee

Key features of a Growth Street line of credit

Loan typeFixed rate secured peer-to-peer line of credit
Loan amounts£25,000 to £1,000,000
Loan termsFrom 1 day and open-ended
Loan rate typeFixed
Funding speedOnce your credit line is in place, drawdowns take up to 2 hours to appear in your account
Personal guaranteeA personal guarantee may be required
Repayment holiday
Multiple loans allowed at the same time
Arrangement fee
Early repayment fee
FCA registration number739318
More Info

Growth Street’s GrowthLine allows you to borrow up to 85% of the value of your invoices, 35% of the value of your stock or up to 35% of the value of any “work in progress”.

Growth Street will use your business’s assets (your invoices, stock or ongoing work) to calculate exactly how much credit it can offer you. It will then agree the rates at which it can lend against those assets. For your GrowthLine facility to remain affordable, your business profits need to be a minimum of 1.5 times the cost of the GrowthLine.

GrowthLine functions as a rolling overdraft and doesn’t really have a set duration. You pay as much as you want until the balance is cleared and then nothing again until you take out more money.

Growth Street will use your business’s assets to work out how much credit to offer you. It will then agree the rates at which it will lend to you. Always check what you will need to pay back in total before you agree to a credit facility.

Growth Street will provide you with an instant decision on a credit line based on the details you submit in your application and your trading accounts. Once Growth Street has underwritten a credit limit, within two hours of that decision, a client can draw down and repay as much or little as they like within that credit limit (assuming the business is still performing as well as or better than it was) when it was underwritten. You can use your online dashboard to withdraw funds at any time.


Growth Street will always look to secure against assets in your business. It does this by registering a fixed and floating debenture – that’s a charge over all the business’s assets. In some circumstances, it will also ask for a personal guarantee, which is a written promise from business directors, guaranteeing payment of the loan if the business fails to keep up with repayments.

How does it work?

  • Fill out the simple application form on the Growth Street website with some basic details about you, any other key parties and your business.
  • For businesses with annual turnover below a specified amount, the application process has been streamlined. You’ll be asked to share your most recent set of company accounts and the last three months of bank statements.
  • For businesses with annual turnover over a specified amount, you’ll be asked to connect your banking data with the Growth Street online platform so it can consider your accounts in more detail.

Am I eligible for a Growth Street business loan?

You should only apply for a Growth Street credit line if you’re certain you can meet the repayment terms. You must also meet the following criteria:

Minimum turnover£250,000
Minimum trading requirement15 months
Business typesLimited Company,Limited Liability Partnership,Public Limited Company
Additional eligibility infoThe majority of directors and shareholders must be UK residents. The business must have at least 1 year of filed annual accounts, and be profitable with a positive balance sheet.
More Info

You’ll need to provide the name and number registered at Companies House, plus filed company accounts, a recent bank statement and 15 months of management accounts.

There are some industries Growth Street is not able to finance. You can check your industry at the Growth Street

How can I apply?

It’s quick and easy to sign up via the Growth Street site. When you create an account, you’ll be prompted to connect it to your accounting software and business banking.

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