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What is the difference between credit facility and revolving loan facility?

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تم إضافة السؤال من قبل teresah njoki , RECEPTIONIST , Hilton Hotels World Wide
تاريخ النشر: 2017/05/25
Hazim Hassan, CMA, CIFR
من قبل Hazim Hassan, CMA, CIFR , Chief Accountant , Al-ghanim & Debbas Gen. Trd. Co

A credit facility is :- a type of loan made in a business or corporate finance context, including revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts. Revolving Loans is:- Arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. Credit card loans and overdrafts are revolving loans. Also called evergreen loan.

Mohammad Mustahsan  Rizvi
من قبل Mohammad Mustahsan Rizvi , Correspondent , Prasar Bharati, Doordarshan

Credit facility offers direct credit from an organization whereas revolving loan facility offers loan from deposition of members of a group that revolves around the members only

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