PNC Business Credit
PNC Business Credit is the asset-based lending arm of US bank PNC Financial Services Group. In the UK it lends through PNC Financial Services UK Ltd (PNC Business Credit UK), with facilities from £10 million to £150 million, per PNC. Not a domestic UK SME lender. Useful only for upper-mid-market and larger UK borrowers within a transatlantic group structure.
Quick verdict
- Product: Asset-based lending (cross-border).
- Ticket band: £10m to £150m.
- Pricing: Quoted at offer.
At a glance
PNC Business Credit, at a glance
- Legal entity
- PNC Financial Services UK Ltd (PNC Business Credit UK)
- Ownership checked
- 23 September 2026, against Companies House and published sources
- Product
- Asset-based lending (cross-border)
- Ticket range
- £10m to £150m
- Decision time
- 4 to 8 weeks
- Ltd-only
- Yes
Where PNC Business Credit is strong
- Significant balance sheet behind cross-border ABL facilities.
- Integrated with PNC US lending for transatlantic groups.
- Multi-jurisdictional structuring under one lead arranger.
- Strong on inventory and receivables in larger ABL.
Watch-outs, and when another lender may suit better
- No domestic UK SMB operating entity at the Companies House level for direct UK-only lending.
- Minimum facility size excludes the SME mid-market.
- Slow corporate-style underwriting timelines.
Best fit applicants
- Upper-mid-market ABL £20m+
- UK groups with US parent
- Cross-border receivables and inventory
Where PNC Business Credit is the wrong fit
- Domestic UK SMEs
- Sub-£10m tickets
- Speed-sensitive cases
If declined by PNC Business Credit
If your application to PNC Business Credit is declined, ask the lender for the reason in writing. Some alternatives are named in the watch-outs section above. See also our guide to why lenders decline, by reason.
Other lenders we list
- 365 Business Finance, Merchant cash advance (revenue-based finance)
- Aldermore, Asset finance, invoice finance, commercial mortgages
- Allica Bank, SME term loan, asset finance + commercial mortgage
- Bizcap, Specialist post-decline / fast cash
How we rate PNC Business Credit
This review is FundBiz's own editorial assessment, scored against a published framework. See our methodology for how we rate each lender.
FAQ
What can I borrow through PNC Business Credit?
PNC Business Credit offers asset-based lending (cross-border). Ticket range: £10m to £150m. Typical rate: Quoted at offer.
How long does PNC Business Credit take to decide?
4 to 8 weeks
Who is PNC Business Credit the best fit for?
First on the list: Upper-mid-market ABL £20m+. The full list is under Best fit applicants above.
When might another lender suit better than PNC Business Credit?
First on the list: Domestic UK SMEs. The other cases are under Where PNC Business Credit is the wrong fit above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
Send an enquiry →Official site: PNC Business Credit
Last updated: . By Adam Parker. FundBiz is owned and operated by Best Business Loans Ltd, directed by Oliver Mackman.