Credit Facility Meaning Examples Top 2 Types Of Credit Facility
Credit Facility Meaning The credit facility is a preapproved loan facility provided by the bank to the companies wherein they can borrow money as and when required for their short-term or long-term needs without needing to reapply for a loan each time. Types of Credit Facilities Credit facilities are broadly classified into two types, and we will mainly focus on credit facilities meant for businesses or corporations. The two types are i) Short term facilities as a working capital requirement and ii) Long term facilities required for capital expenditure or acquisition-related expenses....