Revolving Credit Facilities
At Jones & Co we pride ourselves on helping businesses flourish and offering our clients top-tier alternative solutions to traditional loans. A revolving credit facility is a flexible solution highly sought after on the alternative finance market. This funding solution enables your business to withdraw money, use the money to fund your business, repay it and withdraw it again whenever you need to. The simplest way to think about a revolving credit facility is a type of loan that can be automatically renewed. This funding solution can be useful for businesses to make one off large purchases or supplement every day cash flow.
This type of credit has an established maximum amount. Bear in mind that you don’t need to use the established maximum amount and you will only pay interest on what you use. This type of credit facility is useful for operating purposes, especially for any business experiencing sharp fluctuations in their cash flow. Jones & Co has enabled clients to honour key contracts by arranging revolving credit facilities within a short timeframe.
Benefits of a Revolving Credit Facility