multifi, a leading provider of innovative financial solutions tailored for small and medium-sized enterprises (SMEs) across the UK, today announced an increase in its credit limits from £200,000 to £250,000. This strategic enhancement is designed to give UK businesses greater financial flexibility to manage cashflow, invest in growth opportunities, and navigate the market dynamics more effectively.
As businesses recover and adapt to the post-pandemic economic environment, access to sufficient capital remains a critical factor in their success and sustainability. Recognising this, multifi has committed to supporting the UK’s entrepreneurial ecosystem by increasing the credit limits available through its financial services platform. All other credit limit features have not changed: fees remain fixed, repayment terms stay at 120 days, credit is still revolving and no collateral or PGs are required.
Key benefits of the new credit limit:
- Enhanced Financial Flexibility: With an increased limit of £250,000, businesses can now manage their day-to-day operations more smoothly and handle larger projects or seasonal fluctuations without liquidity stress.
- Empowering Business Growth: This increase is particularly beneficial for businesses looking to expand, whether by scaling operations, increasing inventory, or investing in marketing campaigns.
- Improved Cash Flow Management: Larger credit limits allow businesses to plan better and execute their financial strategies, ensuring they can cover costs and invest in opportunities at the right time.
Sunil Dial, director of commercial at multifi, stated: “We are thrilled to announce the increase in our credit limits to £250,000. This decision was driven by clearly recognising our clients’ needs and the challenges they face in securing adequate funding to support their business goals. At multifi, we are dedicated to empowering businesses to survive and thrive. By providing larger credit limits, we are helping to facilitate smoother cash flow management and fostering business resilience.”
Commitment to supporting UK businesses:
multifi’s decision to increase credit limits is part of its broader commitment to supporting the growth and success of UK businesses. By continually adapting its offerings to meet its client’s needs, multifi ensures that it remains at the forefront of financial innovation and support for the UK’s dynamic business landscape.
For more information about multifi and its financial services, please visit https://multifi.co.uk/
