Business Revolving Credit

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.

 

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