Definition of Revolving loan program

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TeachMeFinance.com - explain Revolving loan program



Revolving loan program

The term 'Revolving loan program ' as it applies to the area of agriculture can be defined as ' A program that uses the repayments of existing loans to make additional loans to qualified borrowers. Initial capitalization of a revolving loan fund may be derived from federal appropriations or contributions from other sources'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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