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What is a revolver loan?
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4th Dec 2009 by t
You are probably referring to a revolving credit facility which is sometimes referred to a line of credit. Fundamentally, a revolver allows the borrower to borrow and repay under a line of credit any number of times generally within a specified time period. Revolving credit lines when used in business are usually employed to finance recurring borrowing needs, for instance financing receivables or inventory until those assets are converted into cash. Your credit card, if you have one, is an example of a revolver. You can use it over and over so long as you pay the minimum payment and don't go over your limit. In business each revolving credit facility is going to have its own set of restrictions and requirements.
You are probably referring to a revolving credit facility which is sometimes referred to a line of credit. Fundamentally, a revolver allows the borrower to borrow and repay under a line of credit any number of times generally within a specified time period. Revolving credit lines when used in business are usually employed to finance recurring borrowing needs, for instance financing receivables or inventory until those assets are converted into cash. Your credit card, if you have one, is an example of a revolver. You can use it over and over so long as you pay the minimum payment and don't go over your limit. In business each revolving credit facility is going to have its own set of restrictions and requirements.
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17th Nov 2009 In Finance
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Subjects: revolver loan,