{"id":8882,"date":"2023-02-08T11:56:34","date_gmt":"2023-02-08T04:56:34","guid":{"rendered":"https:\/\/fazz.com\/?p=8882"},"modified":"2024-02-21T12:44:45","modified_gmt":"2024-02-21T05:44:45","slug":"what-is-revolving-credit-line","status":"publish","type":"post","link":"https:\/\/fazz.com\/newsroom\/business\/what-is-revolving-credit-line\/","title":{"rendered":"Business Loan: What is a Revolving Credit Line (RCL)?"},"content":{"rendered":"\n

A revolving line of credit is a a great financing option for businesses, especially SMEs. It enables them to take on growth opportunities and tackle cash flow gaps which may happen in the course of running their business. Most of the time, businesses may not always have the required capital, making revolving credit lines an essential type of business loan<\/a>. <\/p>\n\n\n\n

Here is a detailed guide about revolving lines of credit, along with examples, advantages, and other important information you need to know.<\/p>\n\n\n\n

What is a revolving credit line?<\/strong><\/h2>\n\n\n\n

Simply, a RCL is a pool of money that borrowers can access whenever they need to. Borrow any amount within the credit limit, and repay based on the amount used with interest. Upon repayment, the credit limit is replenished back to full, and you can continue borrowing.<\/p>\n\n\n\n

Thus, it’s a great option for businesses that periodically need working capital for various needs. <\/p>\n\n\n\n

Here are some examples of how this financing solution can be used in different industries:<\/p>\n\n\n\n

Food & Beverage <\/h3>\n\n\n\n