Not all credits require piles of paperwork. A revolving credit contract is quite simple and is often only between a single seller or a company and a customer. Maybe the customer regularly makes big purchases. Or maybe the client owns a small business, but their written verification process takes a few days. If you are the seller, you can still benefit from a loan agreement. You may have just gotten a client for life. What if they don`t pay on time? You can arrange a late penalty or interest with a revolving line of credit. A revolving line of credit can help make buisness a little easier for both buyers and sellers. Other names for this document: Revolving credit contract You are looking for goods to buy – on credit. You first need a revolving loan from the seller. Or maybe you`re selling items and you`re willing to lend to trusted buyers. You must receive the promise in writing.