REVOLVING CREDIT LINE
Typically used by companies to cover operating costs, this capital solution is secured by paying a commitment fee to the lender after which a line of credit is extended, at interest. The benefit of revolving lines of credit is the flexibility of the arrangement, whereby the amount required can be adjusted depending on company performance, and the interest rate corresponds accordingly to the amount. Companies typically employ this method when experiencing fluctuations and uncertainty in their cash flow.
Worldwide Financing Group’s analyses the viability of a company and its ability to repay the credit and interest, and also assists in developing a strategy whereby the amount required can be quantified and structured into an agreement. We assess company risks and help firms develop a strategy to promote growth through a strong working relationship, whilst assessing liquidity and the practicality of this option for our client.