This is a type of credit in which you can withdraw capital under a credit facility for a period exceeding 12 months.
- You only need to prepare a set of borrowing documents for many disbursements.
- The facility limit is on the outstanding credit balance. Total loan amount can be greater than the facility limit if you pay debt regularly.
- The lending procedures are simple and convenient, with one set of borrowing documents for many disbursements. That allows you to plan ahead the capital source.
- Appropriate when you have regular credit demand, fast working capital rotation and good credit history.