Source or Type Of Short term finance: Revolving Credit

September 10, 2008 by

Append below features of Revolving Credit, the advantages and disadvantages of using Revolving Credit:

Features & Salient Points

Borrowing for a short period of time say ninety days but renewable when expiry date is due;

Has the feature of both short-term and medium-term loans as the borrower can keep repaying and borrowing for a few years