Operating a business requires a lot of capital which needs to be accessed easily and quickly. Most business owners leverage their cash flow or their own income, but some have a business credit card. This is called a revolving credit facility.
What is a Revolving Credit Facility?
Revolving credit facilities provide SMEs with flexible, pre-approved lines of credit. Businesses can continuously draw, repay, and reuse funds up to a set limit without reapplying. Interest is only charged on the portion used, making it an ideal tool for managing payroll, inventory, and unpredictable cash flow gaps.
There are many banks and alternative financers who provide revolving credit facilities. One of the most trusted options is Absa’s Business credit card.
What is Absa Business Credit Card?
Absa Business Credit Card offers a revolving credit facility which means you can withdraw money and repay. This is ideal for small and medium enterprises (SMEs) that want to manage everyday banking expenses and improve cash flow.
What does Absa Offer SMEs?
One of the benefits of this credit card is that there are zero fees when you use your card on point-of-sale (POS) purchases, automatic travel insurance, access to the Bidvest lounge and receive a 15% discount on lounge access charges at Premier lounges. Additionally, it can be linked to fuel cards and be used to pa for fuel, oil and other vehicle-related expenses.