Revolving Credit Line

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What is a revolving credit line?

A revolving credit line is a type of credit arrangement offered by lenders that allows borrowers to access a specified amount of credit repeatedly up to a certain limit. Another way of looking at revolving credit is as a reusable line of credit similar to a refillable credit card.

Revolving credit lines offer the following features:

  • Flexible Access to Funds: Borrowers are free to withdraw funds as needed, repay them over time, and then borrow again within the credit limit. This flexibility is beneficial for covering unexpected expenses or ongoing operational needs.

  • Predetermined Credit Limit: Once approved, there's a set maximum amount (credit limit) that can be borrowed at any given time. This provides transparency and helps the business manage debt responsibly.

  • Interest on Used Funds: Interest is typically charged only on the portion of the credit line that is used and outstanding. This can be advantageous compared to fixed-term loans where interest is charged on the entire loan amount upfront.

  • Repayment Flexibility: Repayment options may vary depending on the lender, but typically involve minimum monthly payments or the option to pay off the entire balance at once.


In summary, revolving credit lines offer convenience and flexibility that can help businesses better manage cash flow or unexpected expenses.

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