Line of Credit

Line of Credit

Get the cash you need to cover short-term working capital or seasonal cash needs.

Line of Credit

Relieve short-term cash needs and allow your business to breathe

Loan lines are revolving limits, which generally represent a working capital finance tools with duration of up to 3 years subject to annual reviews. You are allowed to draw down amounts up to the approved limit, which are then repaid in a few monthly instalments, as stipulated in the agreement. The loan lines are generally used for regular remittances to suppliers, as well as for funding other working capital requirements.

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Convenient and Flexible

  • Borrow only what you need and keep your interest payments low
  • Take advantage of supplier discounts or unexpected opportunities
  • Complement your underlying business cycle and its seasonality
  • Finance asset conversion cycle

Combined limits

Various revolving lines may be combined into a combined limit, which will include import/export lines (Documentary Credits , Documentary Collections, different types of Bank Guarantees etc.) and import/export cash facilities (trade loans for buyers/trade loans for sellers), various types of guarantees and performance bonds, as well as traditional loan lines and overdrafts that may be utilized interchangeably under a single controlled limit.

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 22/09/2015 15:00