Tuesday, January 12th, 2010
why are some firms using their revolving credit facilities now?
NI NI asked:
according to the article,…………FOR FAST CASH, FIRMS TAP REVOLVING LOANS…why are some firms using their revolving credit facilities now?
according to the article,…………FOR FAST CASH, FIRMS TAP REVOLVING LOANS…why are some firms using their revolving credit facilities now?
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January 13th, 2010 at 7:14 pm
Due to the apparent slow down, there are many opportunities to get revolving credit on better terms than previously. Companies can take advantage of lower interest rates for funds which they can use for expansion, modernization of equipment and enhancing their competitive position.