Annual Clean Up

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Annual Clean Up

A requirement for a borrower to completely repay a revolving line of credit at least once per year. For example, a lender may require an annual clean up for a company that uses a business line of credit to make payroll in its slow months. The annual clean up proves to the lender that the borrower is not overly dependent on the credit line and can generate its own revenue. It is also called a clean up requirement.
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In April last year Euro MP Philip Bushill-Matthews backed the campaign by helping with one of the annual clean ups organised by Friends of Canley Ford in Canley Ford, off Kenilworth Road, Coventry.
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