Facility size · £5m – £25m
£5 million is squarely mid-market. The right structure is usually a package rather than a loan, and the competitive tension between banks and private credit funds is where value is created. Terms — not just margin — decide the real cost: amortisation profile, covenant headroom, permitted acquisitions and prepayment terms all matter as much as the rate.
Term loan plus RCF, quarterly covenant testing.
One facility, one lender, bullet repayment and greater flexibility.
Borrowing base across receivables, inventory, plant and real estate.
For capital projects and cross-border capital goods purchases.
Expect financial due diligence, legal diligence, and often commercial or technical reports. Lenders will model the downside case themselves and negotiate covenants around it.
Governance matters at this level: board composition, management depth, reporting cadence and the quality of the finance function all feed the credit decision.
Eight to sixteen weeks including diligence and documentation.
Priced as a margin over the relevant reference rate, plus arrangement and non-utilisation fees. Structure and covenant flexibility typically drive more of the total cost than the headline margin.
Banks are cheaper where covenants are comfortable. Private credit lends more against the same earnings and moves faster, which often justifies the premium in an acquisition.
Yes. Multi-jurisdiction security and intercreditor arrangements are routine at this size, but they extend the legal timetable.
Late disclosure. Anything material found in diligence that was not flagged upfront damages credibility more than the issue itself.
Tell us what the £5 million is for and where repayment comes from. We structure the request and approach the providers whose criteria fit. No upfront fees — all charges are due only once funding is in place.
Start a funding request