Mayday Assistance: Flexible funding to support emergency care
71%
better visibility into payment timing
£1.2m
supplier invoices paid through Lenkie
59%
reduction in manual finance admin
”
We needed a partner who could help us move quickly when supplier costs came due. Lenkie gave us the confidence to keep growing without letting cashflow slow the team down.
Maya El-Sayed
Managing Director, MayDay
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Borrow up to £1,000,000
Pay invoices instantly
No upfront fees
Repay over 1-12 months
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Overview
Who is Roseground?
Roseground is a fast-growing hospitality group that supplies fresh ingredients and ready-made meals to independent cafés, offices, and events teams across London. As demand grew, so did the pressure on working capital: larger orders meant higher supplier costs long before customer payments arrived.
The finance team had strong demand and reliable customers, but traditional funding options were too slow or too rigid for the day-to-day realities of supplier purchasing. They needed a flexible way to pay invoices quickly without interrupting operations or taking focus away from customers.
The Problem
Growth created pressure on supplier payments
Seasonal peaks made purchasing unpredictable. The team often had to commit to larger stock orders before revenue had fully landed, leaving them to choose between delaying growth opportunities or negotiating with suppliers under pressure.
The process also created unnecessary admin: every payment decision needed manual review, cashflow forecasts changed daily, and the team lacked a single clear view of when invoices could be paid.
Keeping stock moving: the team reviews supplier orders on the shop floor.
The Solution
Turning to Lenkie
Lenkie gave Roseground a simple way to pay supplier invoices immediately and spread the cost over time. Instead of waiting for customers to pay, the finance team could keep purchasing moving, maintain supplier trust, and protect cash reserves for daily operations.
The setup was designed around the team’s existing workflow: invoices could be uploaded quickly, reviewed clearly, and paid without adding more complexity to month-end finance routines.
Implementation
01
Needs assessment and invoice workflow review — Lenkie mapped the team’s supplier purchasing cadence and repayment preferences.
02
Supplier payments went live — invoices were uploaded and settled directly, giving the team a clearer payment schedule.
03
Ongoing optimisation — repayment terms and purchasing patterns were reviewed so the facility continued matching business needs.
Results
More confidence, fewer payment bottlenecks
With Lenkie, Roseground could take on larger opportunities without slowing down procurement. The finance team gained clearer visibility over payment schedules, suppliers were paid faster, and operational conversations shifted from “can we afford this order?” to “how quickly can we fulfil it?”
The partnership also helped leadership plan ahead. By smoothing purchasing costs over predictable repayment windows, the team could invest in growth while keeping day-to-day working capital stable.
Planning the next phase of growth with cash flow no longer a blocker.
“It’s inspiring to support a team that knows exactly where growth is coming from. Lenkie simply removed the friction between demand and delivery.”
Sanjeev Jeyakumar
CEO, Lenkie
Takeaway
Roseground’s story shows how flexible supplier finance can unlock growth without forcing small businesses into rigid funding cycles. By pairing fast invoice payments with predictable repayment terms, Lenkie helped the team turn demand into momentum.
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How to apply for a business line of credit online
Before applying for a business line of credit, it’s important to clarify how much funding you need and how you plan to use it. Are you bridging short-term cash flow? Funding a large stock order?
Your purpose will help determine the right facility size and structure.
Once you’re ready to apply, there are a few key steps that will help ensure your application stands the best change of success.
Tip: Only borrow what aligns with your revenue and repayment ability.
1. Check your eligibility
Online lenders each have their own criteria, but most will look at your time in business, your financials and your business and personal risk profile.
At Lenkie, we ask for some quick details about you and your business, as well as:
Your latest management accounts
Filed accounts
Recent bank statements
We can only work with limited companies with a minimum of 18 months trading and £1m+ turnover. Some platforms also work with sole traders or newer businesses, but terms may vary.
2. Compare providers
Not all lines of credit are created equal. Compare online lenders and be careful to really look at all the costs associated with a facility. It can be difficult to easily compare providers like for like as they all structure their pricing differently - some charge activation fees, or monthly usage costs.
Generally you’ll want to compare:
Interest rates or flat fees
Credit limits
Repayment flexibility (daily, weekly, monthly)
Speed of funding
Customer support and ease of use
Tip: Look for lenders with clear fee structures — avoid those with hidden costs or lock-in periods.
3. Prepare your documents
Online applications are faster when you have everything ready. Most platforms will ask for:
Business bank statements (3–6 months)
Company registration details (e.g., Companies House number)
Management and filed accounts
Proof of identity (for the business owner and any associated directors)
Some lenders may also ask for a business plan or cash flow forecast if you’re applying for a larger facility.
4. Complete the online application
Once ready, head to your chosen lender’s website and fill out the application form.
At Lenkie, you’ll need to create a free account with your name, email address and a password to see an instant pre-qualified offer. You’ll need to add a few quick details to see it.
Basic business information
Annual turnover and net profit
Number of employees
Requested facility size
Once you’ve received your instant offer, you’ll need to add a few additional documents (like the ones listed above) to submit your application for review.
5. Review your offer
If approved, you’ll receive a credit offer. At Lenkie this will take a maximum of 48 hours but it can vary from lender to lender. The offer should include:
Total credit limit
Repayment terms
Interest rates or flat fees
Any other costs (we only charge fees for what you use but this isn’t always the case elsewhere)
Take time to review the terms carefully before accepting.
6. Accept and access funds
Once you accept the offer, most lenders will provide access to funds via an online dashboard. You can draw down funds as needed, and repayments are often automated through your linked business account.
Some platforms also allow you to repay early without penalty, or even “re-borrow” once you've repaid, giving you continuous access to funding as your business grows.
Common mistakes to avoid
Applying for too much: Borrowing more than you need can lead to higher interest costs.
Ignoring the fine print: Always understand the fees, repayment frequency, and any renewal terms.
Using it like a grant: A line of credit is still debt — only draw what your business can realistically repay.
Final thoughts
A business line of credit is one of the most versatile finance options for small businesses. And with online platforms simplifying the application process, it’s easier than ever to access the capital you need - when you need it.
By understanding your needs, preparing the right documents, and choosing the right provider, you can unlock a flexible funding solution that grows with your business.
Create a free account to get a pre-qualified limit in just 2 minutes
