A loan without a fixed number of installments with the flexibility of a card, that’s what a Revolving Loan is. But its benefits and possibilities to help your business are bigger and I’ll explain them to you next. It’s sure that when you thought about the possibility of having a business of your own and becoming a businessman, you never imagined all the complications that could have maintaining the economic liquidity and financial health of the organization. Surely this is one of the most difficult points to be immersed in These issues, in addition, taking into account that few are the people who come to the business world knowing, in fact we could say that most learn on the road. One of the ways currently more suited to employers to clean up debts and maintain the economic flow within the companies, are the revolving credits. But, do you know exactly what this product is and what are its benefits? ios unlike other types of financing? Something that quite often happens is that credit counselors must meet their weekly goals, and even daily, and for that reason they handle the information of the products practically to their benefit, all in order to that customers accept the contract. For this argument is that surely more than once you have been related to some of them and, perhaps, you did not know exactly what you were dealing with a credit revolving (as they are also known in the market). The way you can probably get to know them is through friendships or family. We all have someone who has learned credits and finances through the hard blows that life gives (and also interests). When you think you are about to liquidate your credit, you look at your account statement and then the only thing you can see is a debt that does not come close or a little at the end. This can occur for many reasons, perhaps at the beginning they did not explain enough or you did not ask all your doubts then, trusting, the option offered was the one you took, although the characteristics of such financing were not optimal. Do not think that this was a bad decision, remember that all experiences are lessons and thanks to that, you are now here, reading and learning everything that the business world has for you. this reason is that we want to talk to you about the characteristics and advantages that revolving credits can offer you over other types of financing to solve specific liquidity problems. Nocer a bit more about the topic:

A loan without a fixed number of installments with the flexibility of a card, that’s what a Revolving Loan is. But its benefits and possibilities to help your business are bigger and I’ll explain them to you next. It’s sure that when you thought about the possibility of having a business of your own and becoming a businessman, you never imagined all the complications that could have maintaining the economic liquidity and financial health of the organization. Surely this is one of the most difficult points to be immersed in These issues, in addition, taking into account that few are the people who come to the business world knowing, in fact we could say that most learn on the road. One of the ways currently more suited to employers to clean up debts and maintain the economic flow within the companies, are the revolving credits. But, do you know exactly what this product is and what are its benefits? ios unlike other types of financing? Something that quite often happens is that credit counselors must meet their weekly goals, and even daily, and for that reason they handle the information of the products practically to their benefit, all in order to that customers accept the contract. For this argument is that surely more than once you have been related to some of them and, perhaps, you did not know exactly what you were dealing with a credit revolving (as they are also known in the market). The way you can probably get to know them is through friendships or family. We all have someone who has learned credits and finances through the hard blows that life gives (and also interests). When you think you are about to liquidate your credit, you look at your account statement and then the only thing you can see is a debt that does not come close or a little at the end. This can occur for many reasons, perhaps at the beginning they did not explain enough or you did not ask all your doubts then, trusting, the option offered was the one you took, although the characteristics of such financing were not optimal. Do not think that this was a bad decision, remember that all experiences are lessons and thanks to that, you are now here, reading and learning everything that the business world has for you. this reason is that we want to talk to you about the characteristics and advantages that revolving credits can offer you over other types of financing to solve specific liquidity problems. Nocer a bit more about the topic:

What is a revolving credit? In a very technical way, a revolving credit is the financing that can be used again and again, as long as the credit limit contracted is not exceeded. Now, explained in a clearer way and exemplified in a real and very everyday case, a credit card is the most classic way in which we can observe this type of credit. Do you remember your first credit card with a bank? Or, your first departmental card? they work under this method, which we explain below: Imagine you have any card, either departmental or bank, and in it you have a credit of $ 50 thousand pesos. One day, walk with your family through the shopping center, observe in the dresser a room with the color and the perfect size for your house, everyone falls in love and at that moment they want to take it home because otherwise, they run the risk of someone else buying it first. there when they enter the store and decide to start the purchase process. The only way to do it is through your credit card since the cost of the room is $ 23 thousand, the most logical and what people think, is that your credit is reduced to $ 27 thousand, money that in the future you can use, but in reality that is not true since at the moment in which you liquidate your debt, you return to count on the initial amount, ready to be reinvested. this reason is that revolving credits are a great advantage, you can use your balance again and again almost infinitely and also have money available at times where decisions must be made immediately. But this is not all, below We will see a list of the many advantages that you can obtain by having a loan of this type: Advantages of revolving credits Maximum flexibility at all times: One of the characteristics and besides the greatest advantages of this type of credits is the flexibility that is obtained from the payment terms. The most advisable is that all are short-term, thus there are greater chances of recovering the capital quickly. In addition, as long as you do not use the money, you can not pay interest, which makes them very comfortable unlike other types of financing in which you pay interest during the entire term. Also, this type of credits can be used in many ways, such as purchases in the digital world.Rapidity: Count on money instantly? What would happen if a large job offer abroad or better yet, a great offer? Many of our parents and even our grandparents said the phrase “opportunities only come once in a lifetime” and of course, this is true and surely more than once in a lifetime You have checked. Then, the faster you can settle your account, you can immediately dispose of all your capital again just when the opportunity comes to you. Fair Payments: Unlike some other credits and types of financing, here the interests only pay for the amount you have used. As long as the money is not used, you can be free of unnecessary payments for interest not generated. This gives you the opportunity to save costs and invest that money in some other important aspect for the growth of your company. On the other hand, if you do not use your credit, the cost is zero. Credit limit: Of course, like any type of financing, also a Revolving credit line has a limit, which you can use again and again in the most important things and in everything that you most want. Liquidating your balance as soon as possible is a good way to have your credit limit safe and sound, as well , at any time, you can make use of it without any problem. To make it clearer what is a revolving credit and do not get confused with simple financings, I recommend reading the article: Business credits: revolving vs simple. In financial matters, it is a good idea to remember all the advice you gave us. Remember to always clean up your debts and keep your accounts clean. In the case of credits, never think that it is extra money, on the contrary , do think of them as a way to solve your problems of economic liquidity and finance the priority aspects in your company. Taking into account what is a revolving credit and knowing the advantages that it has, I invite you to download the following eBook for free with the best recommendations to ensure the future of your company with a revolving credit in Soren Soluciones Financieras, which is the revolving of Financiera Cualli; It works the same and adapts to the needs of your business.