Spending, and cash when you need it.

A revolving limit for day-to-day business spending, with the ability to move funds directly from the card into your business account. Most business cards only do the first of those.

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How it works

42Days interest free.

Limit: Up to £75,000.
Card spending: Up to 42 days at no cost if cleared in time.
Transfer to bank: Move funds from the card into the business account.
Cost on transfers: Charged daily, so you pay for the days you use it.
Repayment: Monthly by direct debit.
Decision: Often within minutes.

What each way out costs

One limit, two ways outWhat each costs over time

Spending on the card

Free · 42 daysThen charged

Up to 42 days interest free. Clear it inside that and it has cost you nothing.

Moving it to your account

Charged from day one

Charged monthly, calculated daily. You pay for the days it is out, not for a term. The 42 days do not apply here.

The tradeFor six weeks a card purchase costs nothing. For a few days, moving money to the account costs very little. Which of the two you use is worth more than which card you hold.

Same day backMoney moved and repaid before midnight the same day carries no charge for that day. Useful when you are bridging to an invoice landing.

One limitBoth come out of the same approved limit, and what is undrawn costs nothing.

What makes it different

Most business credit cards are a spending tool. This one also works as a short-term cash facility.

Funds move from the card straight into your business account, and the cost is worked out daily: draw for four days, pay for four days. Repay the same day and it costs nothing.

If that is the facility you want, tell us the limit you are after. Tell us what you need

Useful when you are waiting on an invoice and a supplier will not wait.

Using it without being afraid of it

Some people take the card but keep spending from the debit card to avoid being in debt. You do not need to. Make the purchase and clear it the same day if you like: treat it as a debit card that pays you back, with the same cashback.

What you gain is a credit record. A business with no borrowing history has nothing for a lender to assess, however good the director’s personal file, which is why established businesses still get quoted badly. Used and cleared, this card builds that record under the company.

Also included

Cashback on spending

Taken as statement credit, or paid into your business account.

Air miles

Cashback can go to air miles, such as Avios and other airline schemes, instead of cash.

Pay suppliers directly

Pay suppliers straight from the facility. The money does not move to your account first.

No foreign transaction fee

Spend abroad without the usual surcharge.

Accounting software connection

Spending reconciles automatically. No manual entry.

Corporate card

Account data is reported under the business, not on the director’s personal credit file.

How this facility is administered

Funding11 introduces and submits the application. The approval decision, onboarding, account setup and everything after it run directly between the provider and the business.

The account, the credit limit, the terms and the ongoing relationship sit with the provider. Funding11 does not administer the facility, does not hold the account, and is not a party to the agreement.

The provider’s terms are the terms that apply. You should read them in full, including the personal guarantee, before accepting. Anything relating to the account once it is live is dealt with by the provider directly.

Is this for you

This facility normally sits alongside a loan or a credit line, not on its own. It works best as extra liquidity for a business whose main funding is already in place, and is usually the second conversation, not the first.

Who we work with

Send six months of statements and you will know where you stand, usually the same day.

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