Small and medium-sized businesses often struggle to access flexible financing options without impacting their credit scores, hindering their ability to manage cash flow effectively for various operational expenses. Traditional loan products may lack the adaptability needed to address fluctuating financial needs.

Selina Finance provides Home Equity Lines of Credit (HELOC) that allow businesses to borrow between £10,000 and £500,000, with interest charged only on the funds drawn. This secured lending approach offers maximum flexibility, enabling businesses to draw funds and repay without early repayment charges. Businesses can use the funds for various purposes, including home improvements, debt consolidation, and school fees. Selina Finance aims to provide a professional and trusted service, fully authorized by the FCA, with tailored advice from expert advisors to find the most cost-effective option.

Home Equity Line of Credit (HELOC) product secured against property.

Borrowing amounts range from £10,000 to £500,000.

Interest is charged only on the funds that are drawn down.

No impact on credit score for initial eligibility check.

Flexible repayment options without early repayment charges.

Dedicated case managers provide support throughout the application process.

Online document submission and electronic signatures for faster processing.

The primary target audience is small and medium-sized businesses seeking flexible and accessible financing options secured against their property.

Revenue is generated through interest charged on the drawn funds from the Home Equity Lines of Credit, arrangement fees, and product fees added to the balance of the loan. For example, a loan of £100,000 over 25 years results in 24 monthly payments of £856.31 at a fixed annual rate of 7.79% and 376 monthly payments of £862.29 at a reversion rate of 3.14% above the Bank of England Base Rate.