A business revolving credit plan is a loan where repayments are made in equal monthly instalments. You only pay interest on the amount you use. Once you have paid back 25% of the loan, you can withdraw the funds up to the original limit.

The benefits

• The loan can be linked electronically to your business account, so you can transfer funds electronically
• You can redraw up to the original amount without having to reapply
• Easy cash flow planning because of fixed monthly payments.