Sample Revolving Line Of Credit Agreement

You want to buy goods – on credit. You first need a revolving credit from the seller. Or maybe you`re selling items and are willing to lend to trustworthy buyers. You must get the promise in writing. A revolving credit agreement sets out the terms of the credit. Not all credits require piles of paperwork. A revolving credit agreement is quite simple and often only exists between a single seller or store and a customer. Maybe the customer regularly makes big purchases. Or maybe the customer owns a small business, but their check writing process takes a few days.

If you are the seller, you can still benefit from a credit agreement. You may have just secured a client with significant expenses for life. What if they don`t pay by the hour? You can arrange a late penalty or interest with a revolving line of credit. A revolving line of credit can help make business a little easier for both buyers and sellers. Other names for this document: Revolving Line of Credit Agreement Our step-by-step interview process is not just a template, but makes it easy to create a revolving credit agreement. Save, sign, print, and upload your document when you`re done. Unable to subscribe to the email address. Please try again. This site is protected by reCAPTCHA and Google`s privacy policy and terms of use apply. Your document is free as part of your one-week membership study. Learn more about FindLaw`s newsletters, including our terms of service and privacy policy. “Rocket Lawyer is a useful tool for professionals who need legal documents at an affordable price.” Are you ready to do your Free Revolving Credit Agreement?.

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