The 27-year old former Crystal Palace player is rated as one of the best wingers in the Nationwide League and spent considerable time on loan with the Clarets Division 1 rivals Reading last season. The Londoner will join the Reebok ranks for an initial months spell whilst former Huddersfield Town striker Facey will move to Turf Moor to temporarily fill the void left by Gareth Taylor's recent departure to Nottingham Forest.
Former Everton and Aston Villa midfielder Farrelly will also give Stan Ternent's side cover in midfield to compensate for the loss of Little to the Reebok Stadium.
Meanwhile the club have also loaned out Gerald Forschelet for a month, who signs for Swiss side Neuchatal Xamax following a similar spell with French club Chateroux last month.