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The loan agreement provides for a term loan facility and a revolving line of credit facility.
Under the revolving line of credit facility, the company is able to borrow up to an amount equal to the sum of 75% of its eligible accounts receivable, plus 30% of its eligible inventory, up to a maximum of $2 million plus any principal amounts of the term loan that have been repaid.
Securities-based lending is generally a revolving line of credit that uses your eligible investment portfolio as collateral for a loan.
25% APR currently), features a revolving line of credit based on the value of eligible securities placed in an investment account at Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Encore Wire announced that it had expanded its existing revolving line of credit to $150,000,000 from $85,000,000.
15, 1996, includes a revolving line of credit which provides for borrowings of up to $26,500,000 and a $3,500,000 term loan.
for a revolving line of credit of up to $4 million, which will supplement the existing line of credit provided by Silicon Valley Bank.
This amendment would reduce the interest rate charged on the company's revolving line of credit to 0.