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Revolving Line of Credit

Revolving Line of Credit

Product Introduction

A revolving line of credit is a facility extended by China Merchants Bank New York Branch that permits customers to draw varying amounts up to a specified aggregate limit for a specified period of time. The amounts borrowed can be repaid and re-borrowed during the term of the facility, subject to the agreed-upon conditions set forth in the credit agreement. It is established to finance customers’ seasonal working capital needs, capital expenditures, and other general corporate purposes.

Product Features

  1. 1、Facilitates the use of fund for customers. Within the amount and term limit set forth in the credit agreement, customers can withdraw multiple times, repay multiple times, and the credit can be used multiple times. There is no need to apply for a loan and get approval from the bank each time the client needs to borrow.

  2. 2、Low financing costs. Customers can reduce unnecessary borrowing and minimize financing costs according to their needs.

Target Customers

  Applicable to customers who have normal production and operations, stable sources of income, and can provide legally enforceable collaterals, with a short-term and frequent demand for funds.