Revolving Credit

How does it work?

1. The credit term is set according to your financial requirements and generally varies between two and ten years.
2. The minimum amount is 250,000 EUR. There is no maximum.
3. You can draw on the credit whenever it suits you throughout its term.
4. The minimum amount you can draw down is 125,000 EUR.
5. The interest rate (based on the division 'actual number of days/360') is variable. The rate applying to each drawing is calculated based on short-term market rates, plus a contractual margin.
6. You repay your loan either at maturity or as part of a redemption schedule set in advance.
7. After each repayment, you can make further drawdowns in accordance with the credit ceiling.

Advantages

• Advantageous interest rates: you benefit from variable short-term interest rates rather than a single (and higher) long-term rate.
• Flexibility: you decide when to draw an advance.
• Renewal: after a repayment, you can reuse the same amount up to the ceiling on your loan.

Good to know

• In addition to the cost of the credit, you need to take account of an arrangement and management fee, a fee on unused capital and default interest in case of default payment.
• The characteristic flexibility of this credit formula is reflected in the risk of fluctuating interest rates.
• You can repay all or part of your Revolving Credit early in accordance with the SME Act of 21/12/2013 (modified on 21/12/2017) on the financing of small and medium-sized enterprises. The early repayment penalty varies according to the amount of the original loan:
  • Credit under 2 million EUR: the early repayment penalty is equal to six months of interest;
  • Credit over 2 million EUR: the prepayment penalty is based on the transparent framework of the code of conduct, drawn up in accordance with the SME Act.
• Any complaints concerning Revolving Credit may be addressed to:
  • BNP Paribas Fortis NV/SA – Complaints Department (1QA8D)
    Montagne du Parc/Warandeberg 3
    1000 Brussels
  • Consumer Mediation Service
    Rue Belliardstraat 15–17, Box 8
    1040 Brussels
    E-mail: ombudsman@ombudsfin.be
    Tel.: +32 2 545 77 70
  Or
  
  • Sowalfin (if you live in Wallonia)
    E-mail : info@sowalfin.be
    Tel. : + 32 4 237 07 70
  • Agentschap Ondernemen (if you live in Flanders)
    E-mail: kredietbemiddelaar@agentschapondernemen.be
    Tel. : 0800 20 555
  • Regional Investment Company (if you live in Brussels)
    E-mail : info@srib.be
    Tel. : + 32 2 548 22 11

Useful link(s)

• Infos sur le financement des entreprises / Info over financiering van ondernemingen
• Possibilité de combiner un Revolving avec des aides publiques / Mogelijkheid tot combinatie met overheidssteun
• Infos sur les sûretés / Info over zekerheden

Lender: BNP Paribas Fortis SA/NV, Montagne du Parc 3, B-1000 Brussels – Brussels Register of Companies – VAT BE 0403.199.702. Subject to approval of your application. The information provided to you is for information purposes only and is neither an offer of credit nor a promissory note. It is being provided to you as a basis for further discussion. The Bank may change the information contained on its website without any prior notice and is under no obligation to inform (potential) customers about any such change.