West Ham has arranged a £45m overdraft to help fund down payments The club on summer signings.
When Felipe Anderson and Fabian Balbuena join West Ham would have committed to spend up to £100m with the first year’s transfer down payment and agent fees of around £30m paid upfront.
The club borrowed £25m last season of which the remaining £15m will be paid off this month.
The new short-term loan facility akin to overdraft allows the club to draw down money quickly for transfer deals within hours if needed.
A senior club insider told Claret and Hugh: “We pay 1% to have that money on call, then 7% per annum on what we actually borrow. The level of loan varies throughout the year as more money is called off or we pay some of it back. David Sullivan and David Gold personally guarantee the loans as part of the agreement.”