A revolver, or revolving credit facility, lets a borrower draw, repay and redraw funds up to a set limit for a period of time up to the end of an overall facility. Borrowers typically pay interest on drawn amounts and a commitment fee on the undrawn balance. Unlike term loans, revolvers let borrowers re-borrow repaid funds and otherwise pay interest amounts on the funded balance without the need to repay principal; however, certain revolvers may require periodic repayment in full (e.g., a requirement for a zero balance at fiscal year-end) and the total availability to draw funds may change over time. In some cases, any remaining balance on a revolver at the end of the funding period may convert to a term loan (instead of being due in full) to be repaid over time. Revolvers are commonly used for working capital and a portion of the revolver in some cases can be used for letters of credit. LoanStreet CLS handles the nuances of revolving credit facility management, tracking availability in real time with workflows for borrowers and lenders.