Factoring

Factoring

Definition of FactoringFactoring is a financial service in which the business entity sells its bill receivables to a third party at a discount in… Read Article
Working Capital Loan and Finance

Working Capital Loan and Finance

What is a Working Capital Loan?Working capital loans are financial products structured by financial institutions to help businesses fund their working capital needs and… Read Article

Bank Overdraft Facility

Overdraft DefinitionAn overdraft occurs when an account balance goes below zero after a transaction and can be viewed as a short-term loan from a… Read Article
Bank Guarantee

Bank Guarantee

What is Bank Guarantee?Bank Guarantee (BG) is an agreement between 3 parties: the bank, the beneficiary, and the applicant. The beneficiary is the one… Read Article
Drawing-Power

Drawing Power

What is Drawing Power?Drawing Power, generally addressed as “DP”, is an important concept used in conjunction with cash credit (CC) and overdraft facilities offered… Read Article