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Here You Can Find All Amalgamated Banks of South Africa (ABSA)
Here You Can Find All  Amalgamated Banks of South Africa (ABSA)

Business Revolving Loans

Have you had to urgently purchase stock to meet an unexpected surge in sales? Perhaps you need to buy an expensive piece of equipment to meet a crucial order? There are regularly occasions when you need to access additional funds and a Business Revolving Loan from Absa will allow you to do so without the hassle of having to reapply each time.

A Business Revolving Loan is an ongoing or 'open' loan facility for an agreed amount. Provided a minimum of 25% of the approved loan has been repaid, you can re-borrow back to the approved limit without affecting your repayments. This means you can access the available funds whenever you need them, without having to re-apply.

A short to medium-term financing option, a Business Revolving Loan is the ideal way of obtaining working capital and bridging finance items such as stock-in-trade and incidental equipment.

A Business Revolving Loan Could be the right choice if you:

  • Would like ongoing access to a loan of between R25 000 or more
  • Do not want to have to reapply each time you withdraw funds
  • Would like the certainty of fixed monthly repayments
  • Are between long-term loans or purchasing property and need money to 'bridge' the gap
  • Would like a guaranteed amount on hand  for use as long as the loa term lasts.
  • Would like to be able to make lump-sum deposits and withdrawals

Copyright 2010 Absa. All rights reserved

Category: Africa | Added by: Lexu (30.09.2011) W
Views: 3668 | Tags: SUPPORT, loan, credits, services, Trust, investment, money, Products | Rating: 0.0/0
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