Evergreen Loan What Exactly Is an Evergreen Loan?

Evergreen Loan What Exactly Is an Evergreen Loan?

What exactly is an Evergreen Loan?

An evergreen loan is that loan that will not need the payment of principal through the life of the mortgage, or within a period that is specified of. Within an evergreen loan, the debtor is needed to make only interest repayments throughout the life of the loan. Evergreen loans are often by means of credit line that is constantly reduced, leaving the debtor with available funds for credit purchases. Evergreen loans are often referred to as “standing” or “revolving” loans.

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