What is a revolving term credit and its advantages?

A revolving term credit is a pre-authorized credit that is used to finance the future acquisition of capital assets. Purchases can be divided into one or more term loans up to the total pre-authorized amount.

Revolving term credit:

Allows you to find out how much credit is already available for future capital purchases
Let your operating line of credit serve for operating needs and not immobilize it by purchasing assets
Charges interest rates only when purchases are made

Find out if a revolving term credit is an ideal financing solution for your business on our long-term financing solutions page.

Related questions

What is a banker's acceptance?

Learn more about a banker’s acceptance and the numerous benefits for your business with in-depth articles and FAQs from our Business Help centre.

Are credit scores affected if a locked file is consulted?

Learn more about the impact on your credit score if you access your locked file, and more information regarding your credit score.

What is an operating line of credit and its advantages?

Learn more about the benefits of an operating line of credit and how it may benefit your business. Visit our Business Help centre for more information.

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