Whether a fee applies to drawing additional funds depends on your facility type. A revolving credit facility may permit redraws with no fee up to your approved limit, whereas a term loan top-up is treated as a new advance and typically carries its own arrangement or draw-down fee. Your facility agreement sets this out explicitly.
Revolving facilities versus term loan top-ups
On a revolving facility, you draw, repay, and redraw funds up to your credit limit during the availability period. Provided you remain within the approved limit and the facility is in good standing, redraws are usually fee-free, though interest restarts on any amount redrawn. A term loan, by contrast, is a fixed advance; accessing additional capital requires a new credit assessment and a new offer, both of which may carry fees. Illustrative, not a quote: a £10,000 top-up on a term loan might attract a 1–2% arrangement fee on the incremental amount.
What triggers a fresh credit assessment?
Any request for funds beyond your current approved limit — or for a revolving facility that has expired — requires a new assessment of your company's financial position. This may include updated accounts, management information, or bank statements. The assessment itself does not carry a cost, but if a new offer is made and accepted, the arrangement fee on the new tranche will apply at drawdown.
How do I request a further advance?
Log in to the client portal and submit a further-advance enquiry, or speak to your account manager directly. Providing up-to-date financial information at the point of enquiry speeds up the assessment. Once an offer is issued, you have a defined period to accept before it lapses. No funds are committed until you formally accept and the draw-down instruction is received.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee required. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Is there an arrangement fee on a business loan?, How is the total cost of borrowing shown on my offer?.