Availability

Last Updated: Jun 6, 2019

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Availability is the amount a borrower may borrow under the terms of the credit agreement at a given time. Gross availability, or availability before taking any outstanding loan balances into account, is generally governed by the "margined" value of the borrowing base, or in other words the value of the asset multiplied by an advance rate. Excess availability is the remaining amount a company can borrow after taking subtracting the outstanding loan balances, availability blocks, and any other reserves.