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.

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