Revolving Loans — a credit line where you pay interest quarterly
Certain short-term investments during the year require specific financing tools that are more flexible than other forms of lending.
In order to best serve such financing needs more flexibly, TEB offers a line of credit with unique features - the Revolving Loan.
Using the Revolving Loan, you can withdraw partially or completely, the approved limit and utilize it until credit-line maturity. The interest is calculated on the amount outstanding on daily basis but is only collected quarterly, a feature that leaves your business with more cash to reinvest.
The maximum maturity of a Revolving Loan is 12 months – an evaluation of turnover and current business situation is used for any extension of the limit.
If you would like to know more about TEB’s Revolving Loans, why not visit one of our branches and discuss your needs with a portfolio officer.