what is a revolving loan facility 
a revolving loan facility also called a revolving credit facility or simply revolver is a form of credit issued by a financial institution that provides the borrower with the ability to draw down or withdraw repay and withdraw again 1 a revolving loan is considered a flexible financing tool due to its repayment and re borrowing accommodations it is not considered a term loan because during an allotted period of time the facility allows the borrower to repay the loan or take it out again in contrast a term loan provides a borrower with funds followed by a fixed payment schedule 