For borrowing businesses, Growth Street’s GrowthLine product acts in a similar way to a conventional overdraft. This means that borrowers are able to make early repayments to their loan as and when they wish, at no extra charge. If a borrower chooses to retain an outstanding balance for more than 30 days then they are matched with a new lender or lenders, and a new loan is created (we call this a ‘rollover’).
More information regarding the mechanics of the Growth Street exchange can be found here: https://www.growthstreet.co.uk/blog/product/part-2-loans-interest-and-repayments.
Your capital is at risk when you lend to businesses. Find out more here.