Revolving Lines of Credit

Revolving lines of credit let you draw and repay the balance repeatedly over the life of the loan.

You may borrow any amount you need up to your available credit limit, and use your eligible accounts receivable to secure the loan. As your receivables are paid, the cash is used to pay down your outstanding loan balance.

HFG’s committed lines of credit provide availability based on the net collectible value of a client’s accounts receivable, typically up to 85% against receivable aged up to 180 days. We are happy to commit these credit facilities for terms of one to five years, with the most common arrangements being two to three years. Pricing on HFG’s lines of credit are typically in the range of 30-day Libor plus 3.50% – 5.00%, depending on the size of the commitment and credit quality of the borrower. A commitment fee of 1.00% – 2.00% is typical.