Have you had to urgently purchase stock to meet an unexpected surge in sales? Perhaps you need to buy an expensive piece of equipment to meet a crucial order? There are regularly occasions when you need to access additional funds and a Business Revolving Loan from Absa will allow you to do so without the hassle of having to reapply each time.

A Business Revolving Loan is an ongoing or 'open' loan facility for an agreed amount. Provided a minimum of 25% of the approved loan has been repaid, you can re-borrow back to the approved limit without affecting your repayments. This means you can access the available funds whenever you need them, without having to re-apply.

A short to medium-term financing option, a Business Revolving Loan is the ideal way of obtaining working capital and bridging finance items such as stock-in-trade and incidental equipment.

A Business Revolving Loan Could be the right choice if you:

• Would like ongoing access to a loan of between R25 000 or more
• Do not want to have to reapply each time you withdraw funds
• Would like the certainty of fixed monthly repayments
• Are between long-term loans or purchasing property and need money to 'bridge' the gap
• Would like a guaranteed amount on hand  for use as long as the loa term lasts.
• Would like to be able to make lump-sum deposits and withdrawals