A revolving term credit is a pre-authorized credit that is used to finance the future acquisition of capital assets. Purchases can be divided into one or more term loans up to the total pre-authorized amount. 

Revolving term credit: 

• Allows you to find out how much credit is already available for future capital purchases 
  
• Let your operating line of credit serve for operating needs and not immobilize it by purchasing assets 
  
• Charges interest rates only when purchases are made 
  

Find out if a revolving term credit is an ideal financing solution for your business on our long-term financing solutions page.