Members of the Pilot Fish team

Pilot Fish places £250,000 revolving credit facility with Just Cash Flow

Pilot Fish has arranged a £250,000 revolving credit facility (RCF) with lender Just Cash Flow PLC to assist a client with a business acquisition.

The broker reasoned that such a facility should be used as this particular case involved multiple layers.

An RCF gives the client access to cash when they need it most and works in a similar way to an overdraft, allowing the client access to funds up to a pre-determined limit with interest paid only on what is used.

In this instance, the RCF provided sufficient funds for Pilot Fish’s client and enabled them to run their business while they focused on the negotiation and implementation of a large, strategic acquisition.

Richard Jones, managing director at Pilot Fish (pictured above, right), said: “Our clients love the flexibility afforded by a RCF.”

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