A flexible loan on a piece of real property whereby the borrower is able to make loan repayments at will as versus on a set repayment schedule. The borrower is also able to use more money from the loan if there are more funds available under the loan ceiling.
Related information about revolving loan:
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A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share ...
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Definition of revolving loan: Arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, ...
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A financial institution that allows the borrower to obtain a business or personal loan where the borrower has the flexibility to decide how often they want to ...
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The Small Business Revolving Loan Fund (SBRLF) is a $50 million fund designed to create economic activity by providing greater access to capital for main ...
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- What is a revolving loan
A revolving loan is a facility from which the Borrower can draw funds at any point and in any amount (limited by the total amount of the loan) / timing and amount ...