Revolver loan is a type of short-term loan that is typically used by businesses to cover expenses such as equipment leases and other high-cost items. With a revolver loan, the business can borrow up to a certain amount of money and then repay the loan over a set period of time using either Fixed or Floating interest rates.
Credit revolver is a type of equipment lease in which the lessee can use credit to finance the purchase of equipment, typically machinery or vehicles. The terms of the lease, including the interest rate and length of the loan, are typically agreed to in advance by both parties. This type of agreement has several benefits for both sides: the lessee can obtain financing quickly and easily, while the lessor can get an investment without having to commit to a long-term purchase.
