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What is the difference between credit facility and revolving loan facility?

Accounting Auditing Cost Accounting Financial Accounting
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Question added by teresah njoki , RECEPTIONIST , Hilton Hotels World Wide
Date Posted: 2017/05/25
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Hazim Hassan, CMA, CIFR
by Hazim Hassan, CMA, CIFR , Finance Manager , Al-ghanim & Debbas Gen. Trd. Co

A credit facility is :- a type of loan made in a business or corporate finance context, including revolving credit, term loans, committed facilities, letters of credit and most retail credit accounts. Revolving Loans is:- Arrangement which allows for the loan amount to be withdrawn, repaid, and redrawn again in any manner and any number of times, until the arrangement expires. Credit card loans and overdrafts are revolving loans. Also called evergreen loan.

Mohammad Mustahsan Rizvi
by Mohammad Mustahsan Rizvi , Correspondent , Prasar Bharati, Doordarshan

Credit facility offers direct credit from an organization whereas revolving loan facility offers loan from deposition of members of a group that revolves around the members only

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