Swingline loan

Swingline loan is a form of revolving, short time credit that can be drawn when needed. The swingline loan is usually no longer than 2 weeks. It helps to keep required liquidity level in a company. The use of swingline loan is limited to paying debts. The more flexible tool is line of credit, which allows also asset acquisition or financing company operation.

Swingline loan gives immediate access to large sum of cash without additional contracts, negotiations etc. It can be acquired by companies as well as individuals. The swingline loan is usually more expensive than other loans (higher interest rate plus fee). If the company needs to finance its operation the revolving credit can be cheaper and more convenient.

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