Revolving Line of Credit
A revolving line of credit from American Bank will provide your company with the short-term funding and working capital your business needs.
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Purchase inventory
Manage cash flow
Finance accounts receivable
An approved amount of credit, available whenever you need.
Revolving lines of credit can provide your company with the operating capital you need. Funds can be borrowed, repaid, and reborrowed as your needs dictate and are typically reviewed annually for renewal.
Generally, accrued interest is paid monthly, with principal repayments coming from sale of operating assets, such as sale of inventory and collection of accounts receivable.
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