The Fixed asset revolving facility guarantee and collateral agreement is a sort of collateral based loan agreement that is designed for optimization of the working capitals availability from the loan borrower’s current assets. A revolving credit facility is a type of loan which can be repaid and drawn down, and is often secured with one of the borrower’s assets that acts as collateral. But collateral here instead of being a fixed asset belonging to the borrower but it is either borrower’s organizational inventory or any of its receivables.
As soon as these receivables are received the cash is used in paying down the loan, and hence in this way the loan gets paid subsequently. Within this period, if borrower requires additional capital it can request for another advance payment again by securing its receivables.
Fixed Asset Revolving Facility Guarantee and Collateral Agreement
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