revolving debt

In by Key Commercial Capital

Revolving debt is the kind of debt that credit cards offer and is usually an easy way to get credit. It can be a useful tool when used with discipline. Revolving debt is slightly complicated compared with a typical loan. There is no need to reapply for credit whenever you need more money.

For loan applicants, the ratio of revolving debt to available credit is recommend to be less than 35% when applying for a SBA business loan.