4 ways revolving credit makes sense

Revolving credit can be the cushion for your bottom line. If cash flow’s ever a little tight, revolving credit gives you the room you need to keep your farm or business running.

  1. Peace of mind 

    With revolving credit in your back pocket, you’re guaranteed that when you need cash, it’s there for you. It helps you manage your day-to-day expenses and takes the worry out of dealing with costs that crop up when you least expect them. So whether you need to buy new equipment or make improvements to a building, you know you’re covered.

  2. Use it or don’t, it’s up to you

    Revolving credit is flexible - only use what you need, when you need it. That way, you minimize what you owe which reduces what you pay in interest. That makes good money sense.

  3. Takes out the guess work

    You’re already approved so when the time comes to make a spending decision, you don’t need to go through the process of applying for a loan or wondering if you even qualify.

  4. Flexible repayment terms 

    With most revolving credit, you won’t be required to make regular payments. Depending on the option you choose, you may be making interest only payments or, if it’s a line of credit connected to your chequing account, every deposit you make is essentially a payment. But remember, the more you pay it down, the more you’ll have to access when you need it.

Interested in taking advantage of the benefits of revolving credit? Just reach out to your ag specialist or, if you’re not yet an Affinity member, give us a call at 1.866.863.6237 and we’ll connect you with an ag specialist in your area.