RLOC

(redirected from Revolving line of credit)
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Related to Revolving line of credit: Revolving credit facility, Term loan
AcronymDefinition
RLOCRemote Logistics Operations Center
RLOCRas Laffan Olefins Company (Qatar)
RLOCRevolving Line Of Credit
RLOCRunway Loss of Control (aviation)
RLOCRecovery Locus of Control (psychological scale)
RLOCRichland Light Opera Company (Richland, WA)
RLOCResidence Life On-Call (various organizations)
RLOCRemote Logistics Operations Center (wireless telecommunications applications)
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References in periodicals archive ?
Under the revolving line of credit facility, the company is able to borrow up to an amount equal to the sum of 75% of its eligible accounts receivable, plus 30% of its eligible inventory, up to a maximum of $2 million plus any principal amounts of the term loan that have been repaid.
However, determining whether it is beneficial for a business to utilize its bank revolving line of credit to take advantage of trade discounts is a little trickier.
"The asset-based and cash flow financing program gives the DMC financial team a revolving line of credit before the receivables are collected," says Vitale.
To overcome the reluctance from banks, which said they couldn't track her industry sectors (African American greeting cards and culturally-based fine art) and that clients' invoices represented future (not current) monies coming in, McClendon-Jones used $5,000 of her personal savings and a $10,000 revolving line of credit from a credit card to finance her company.
Alterra received commitments from a syndicate of banks led by Houston-based Bank United for an $80 million revolving line of credit. Firstar Bank of Milwaukee NA and AmSouth Bank joined Bank United in the syndication.
The agency has an export revolving line of credit program that guarantees loans of as much as $750,000 for export-related activities (up to 90% of the first $155,000 of a line of credit extended by a bank and 85% above that amount).
United capital was able to source a $10MM revolving line of credit, secured by US and European accounts receivables.
At June 30, cash, cash equivalents and short-term investments were approximately $10M, with a draw on the revolving line of credit of $52M.
CBL Properties (NYSE:CBL) declared on Thursday that it closed on a new senior secured facility (the facility) worth USD1.185bn, which includes a fully-funded USD500m term loan and a revolving line of credit with total borrowing capacity of USD685m.
(NYSE: INN) has announced it has closed on a new USD 600 million unsecured credit facility, comprised of a USD 400 million unsecured revolving line of credit and a USD 200 million unsecured term loan and replaces the Company's existing USD 450 million unsecured credit facility, the company said.
Moscow: Sberbank has opened a revolving line of credit worth approximately 1.5 bln roubles for nanomaterials producer Metaclay Joint Stock Company.
Diagnostic test kits company Corgenix Medical Corporation (OTCQB:CONX.OB) revealed on Wednesday the completion of a USD1.5m secured revolving line of credit with Bank of the West.