A credit facility allowing a borrower the flexibility to draw down funds up to a maximum loan amount, which can be repaid and subsequently redrawn in the amounts and at the time periods specified under the terms of the loan. The balance on a revolving loan may move between zero and the maximum loan amount. Drawing down funds reduces the available loan balance, whereas making repayments increases the available loan balance. This is in contrast to term loans that cannot be partially or fully redrawn once funds are repaid.