Revolving credit for long term assets is also called “evergreen financing”. In essence, it is pre-authorized short term credit allowing you to acquire long term assets. It shortens the loan application and security acceptance process while offering flexible terms. Ultimately, evergreen financing is an ideal financing solution to accomplish large-scale projects:
- Finance long-term asset acquisitions (land, buildings, equipment and automotive equipment) for a specific project
- Renovate and expand a building
- Repair and maintain equipment, machinery and automotive equipment
||Disbursement in pre-established amount, over a fixed period.
||Pre-determined repayment terms or based on cash inflows