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Revolving Credit
an answer for seasonal businesses or sales fluctuations
An ideal solution for seasonal businesses or companies that experience sales fluctuations. If your business has a high and low sales seasons or has a gap between completed work and payment, you may find that a revolving line of credit helps create a bridge.
Revolving credit is an open-ended loan that gives you access to a specific amount of cash as needed up to the credit limit. Although similar to a credit card, it differs because it may be secured by business assets and the amortizing of the borrowed amount is at the end of the contract.
Advantages:
Interest is due only every 3, 6 or 12 months, which will allow you to have more disposable cash during the contractual period.
Possibility of repaying the debt during the contractual period but without obligation.
Higher obtained amount in a short period vs. classic loan.
In summary:
Due to the short-term and flexible nature of this type of corporate financing, it can be a beneficial tool for your overall financial strategy. Still, it isn’t the right type of credit line for all businesses. If you feel unsure to determine whether this is the right financing option for your company, do not hesitate to contact our experts for advice!
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