Revolving credit facility

The revolving credit facility (also called working capital loan) is the overdraft for the company: quick help in case of short-term or unforeseen liquidity gaps. It is therefore a standard instrument of corporate financing. However, finding the right revolving credit facility and provider for your own business needs is not so easy.

Very high flexibility in terms of drawdown and repayment

Helps to bridge liquidity bottlenecks immediately and without much effort (once in place)

Available again immediately after repayment

No financing can be drawn and repaid as quickly as the revolving credit facility. And yet it can only ever be one building block in a company’s financing strategy – because the revolving credit facility is primarily intended for short-term financing. We support you in selecting the right bank with the right structure for you, even beyond your house bank.

Revolving credit facility: fast liquidity injection

What the overdraft facility is for private customers, the revolving credit facility or working capital loan offers business customers: Immediate availability as soon as the loan is needed – for example, to bridge a short gap between expenditure such as salaries and customer invoices. Ever so quickly the loan can be repaid. There is no need for a separate loan account; the revolving credit facility is managed via a current account. Unlike other loan types, there is no fixed repayment schedule or tenor.

However, the amount of the drawing limit (credit line) for the revolving credit facility, the interest rate and possible collateral must be agreed with the bank in advance. Pricings depend not least on the business risk of the company, for example cycliclity or seasonality.

Extension of the existing revolving credit facility possible

As soon as the current account has a negative balance, the revolving credit is drawn down and interest is charged accordingly. Interest is only charged for the period in which the account is “in the red”. The loan can be repaid in full or in part at any time. Even after repayment, the revolving credit is immediately available again and does not have to be applied for again, as is typical for other forms of loans.

It is sometimes also possible for a revolving credit to be extended beyond the agreed limit if the lending bank agrees and/or a new bank can be onboarded as a financing partner.

Typically, the bank expects the loan to be repaid in full within a certain period – usually after one month. The size oft he revolving credit line is often based on this expectation – the higher the regular payments on the account, the higher the line usually is. If the revolving credit is not repaid over a longer period of time, the bank could freeze the corresponding account.

Christian Wolber

Christian Wolber

Head of Debt Advisory
+49 651 98127-127
Languages: German / English / Spanish

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Viktor Margaritopoulos

Degree in business administration

Born 1980, partner, 1 child

A successful 15-year career in sales and consulting, working in the insurance, manufacturing, banking, financial sectors for companies including Deutsche Bank Privat und Geschäftskunden AG and Euler Hermes Deutschland.

Mentor and lecturer for insurance and business administration at DHBW Mannheim, as well as other higher-education establishments.

Member of the insurance committee at the Saarland Chamber of Industry and Commerce.

Member of Arbeitskreis Wirtschaft e.V..

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Alfons Maria Gracher

married, three children

Trained bank clerk, degree in business administration and, since 2000, managing partner of Gracher Kredit- und Kautionsmakler GmbH und Co. KG, Germany’s largest surety service provider.

An expert in his field and a member of the Chamber of Industry and Commerce (IHK) finance committee, he is consulted on such matters as the implementation of European Commission directives and regulations.

He is also a co-founder and board member of (the international credit broker association) BARDO e.V., established in 2013, and heads its surety committee. As a founding member of Surety Alliance, he is well-connected internationally.

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Christian Bos

Christian Bos has accumulated over 10 years experience in the Bonding industry with Nationale Borg and Atradius Bonding. Being highly client orientated Christian Bos has experience in creating and looking for creative solutions to bring parties together.
With an extensive network in banking, insurance companies and a European business focus he will look for national and international business opportunites for the Gracher Group.
Specialities are customer focus, cross selling and international business with multinationals.

 

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Kai Grove

born 1976, married, 3 children

In 1996, after completing military service, he began his training at the Kreissparkasse Wesermünde-Hadeln. After successfully completing his degree, Mr. Grove worked in the Corporate Clients department as a loan officer, in the corporate client secretariat and as a financial analyst. During this time, further training to become a savings bank specialist and savings bank business administrator took place. In 2007, Mr. Grove switched to sales as a corporate client advisor. Here he advised start-ups, self-employed, freelancers, commercial and corporate customers on all topics from the banking and insurance industry.

In 2013, Mr. Grove started working as a corporate account manager at MMV Leasing GmbH in Hamburg. From April 1, 2015, he was employed as district manager at the newly opened Bremen site, and on January 1, 2017, he was appointed deputy branch manager. In 2017, Mr. Grove switched to abcfinance GmbH, where he began working as an account manager, also in sales leasing, and later as a key account manager or specialist in sales financing. In sales leasing, sales financing concepts for specialist retailers are developed and implemented.

Due to his previous career, Mr. Grove has more than 20 years of professional experience in corporate and B2B business.

Since July 1st, 2020, Mr. Grove has been part of the deposit team at Gracher Kredit- und Kautionsmakler GmbH & Co. KG in northern Germany.

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Özay Süerdem

Following his apprenticeship as a banker at SEB, Mr. Süerdem completed his bachelor’s and master’s degree at FOM in ‘Business Administration’ (focus: Finance) as well as ‘Finance & Accounting’ in Cologne. During this period, Mr. Süerdem worked in various positions in banking and financing industry of banks and financial institutions as senior consultant, credit analyst, customer consultant and sales assistant.

Most recently, Mr. Süerdem worked for Big4 companies in consulting and auditing the credit business of banks. In addition to various credit-related consulting projects, his primary tasks included the risk assessment of complex credit engagements (especially project & leveraged finance). At Gracher, Mr. Süerdem is a specialist in all aspects of corporate financing and works closely with Mr. Wolber. His field of activity includes both analysis and consulting activities.

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Luba Nikiforova

Dipl. Economist, born 1981, 1 child

Studied Economics with a focus in Finance at the Ruprecht-Karls-University Heidelberg followed by a MSc in European Politics and Governance at the London School of Economics and Political Science.

For 15 years working as a business development expert in various fields in Bulgaria – electricity trading, renewable energy, energy efficiency, EU financing. Was responsible for the optimization of electricity costs for an energy-intensive industrial company, which became the first Bulgarian industrial consumer to cover its own electricity needs through active electricity trading activity and thus achieved significant financial savings.

Since May 2020 working at Gracher in developing surety sales for the Bulgarian market.

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Tina Weidenaar

After finishing the school for business administration and economics (HEAO) with a specialization in Banking and Insurance, Tina obtained her master’s degree in law. She started her working career in the financial sector in the compliance department at Fortis Investments, the asset manager of Fortis.
Holding various other legal and commercial positions within the financial sector after that, Tina became a relationship manager at the Dutch surety company Nationale Borg in 2004.

Here she gained more than 11 years of valuable experience as a surety underwriter and was responsible for a portfolio of companies, consisting of both large SMEs and (international) listed companies.

Since 2016 Tina leads the Dutch office of Gracher, Gracher Surety Netherlands, focusing on developing the Dutch market as well as international business from Non German speaking countries.

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André Ofenloch

born 1974, partner, two children

Qualified insurance broker and degree in business administration.

André Ofenloch began his carrier as an analyst and underwriter in 1993, working in the Creditline division of Allgemeinen Kredit AG (later Coface Deutschland AG). In 2003, he moved to Coface’s new factoring subsidiary Coface Finanz GmbH, starting out as an account manager in commercial factoring. From 2006 onwards, he became the authorized head of the Business Development, Institutional Clients/Refactoring and Reverse Factoring divisions. In 2014, he was made head of sales for the company’s factoring business, managing a 15-strong decentralized sales team up until the end of 2018. Parallel to this, he also became head of the newly established New Client Structuring and Onboarding division, where he remained until the end of 2019.

At Gracher, Ofenloch oversees the factoring and receivables & purchase financing business. In addition to a wealth of experience drawn from a long career in financing and credit insurance, Ofenloch also has an extensive network of contacts in credit insurance, factoring, banking and purchase order financing.

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Oleg Narykov

BA French philology, MSc Economics

single

After successfully completing a degree in French philology, with a minor in economics, Oleg Narykov completed an English-language Masters in Economics at the University of Trier, specializing in econometrics and time-series analysis.

During his studies, he gained international experience at the Namur and Louvain-la-Neuve universities in Belgium.

Since May 2017 he has been working in Luxemburg’s financial center.  

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Kontantin Narykov

Coming soon…

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Edwin Jacobs

Coming soon.

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Christoph Spuller

Coming soon.

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Wolfgang Bäumer

After graduating from high school, trained as a bank clerk at a savings bank, where he was subsequently employed in the bank’s credit department.

He then studied law in Bonn, passing the bar, and went on to work in Deutsche Bank AG’s corporate banking division.

From here, he moved into property leasing at subsidiaries of Dresdner Bank and Commerzbank and was responsible for structuring and financing numerous large projects – focusing, in particular, on compliance with international accounting rules.

Joined Gracher in 2013, focusing on the construction industry and property developers.

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Carl E Hoestermann

Attorney

born 1961, married, 3 children

1992 Deutsche Bank management trainee program in Frankfurt and subsequent role as assistant to the board of management at the Duisburg branch. Thereafter, branch director of two large Deutsche Bank branches.

At the end of 1997, moved to HOCHTIEF AG in Essen as Head of Corporate Finance, Investor Relations and Asset Management. Responsibility for numerous projects, both national and international.  From 2004 onwards, also Deputy Chairman at HOCHTIEF Pension Trust e.V., the group’s investment vehicle for financing German pension liabilities.

Longstanding management and project experience at international level, including negotiation of high-volume surety facilities for operating subsidiaries in the USA and Canada.

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Christian Wolber

After training as a bank clerk, Wolber obtained a Bachelor in International Business in Maastricht, completing part of the course in Ecuador. He also completed a Masters in Banking & Finance at HSG St. Gallen.

He then spent 12 years in London, initially at Barclays Capital and then at Citigroup. At both institutions, he worked in leveraged finance, structuring and placing financing solutions for corporate and private equity clients. He then moved to Ondra Partners (also in London) where he worked in debt advisory.

Wolber now heads Gracher’s finance consulting business. In addition to his longstanding experience within the financing sector, he also has an extensive network of contacts among financing partners – banks, credit funds (private debt), mezzanine financing providers, and a wide variety of alternative credit providers.

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Horst Wingenter

Coming soon.