A business loan is a loan specifically intended to meet the shortage of funds for business purposes. As with all loans, it increases the debt, which will be repaid with added interest.
To overcome the crunches of cash flow and working capital needs we come with various financing options and loans for SMEs
A POS/Merchant Loan, commonly referred to as a Merchant Cash Advance, is a loan that takes its repayments by deducting them from a business’ card, or merchant revenue. This is done through the credit and debit card payment terminals of the business.
Both invoice factoring and invoice discounting helps ambitious companies expand and grow. They belong/refer to the same essential process - an asset-based working capital solution that allow businesses to get advances on cash that are due from customers rather than waiting for those customers to pay.
Accounts receivable factoring is a solution that allows business owners to quickly turn invoices into working capital. Instead of waiting for weeks or months for customers to pay their invoices, accounts receivable financing lets business owners get an advance on those invoices and use the cash for pressing business needs instead of waiting for weeks or months for customers to pay their invoices. It’s especially ideal for businesses that have long net terms but have ongoing operational expenses or new expenses that help propel growth.
An overdraft is an extension of credit from a lending institution that is granted when an account reaches zero. The overdraft allows the account holder to continue withdrawing money even when the account has no funds in it or has insufficient funds to cover the amount of the withdrawal. Basically, an overdraft means that the bank allows customers to borrow a set amount of money. There is interest on the loan, and there is typically a fee per overdraft.
A letter of credit or "credit letter" is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase the bank will be required to cover the full or the remaining amount of the purchase.
A trust receipt is a notice of the release of merchandise to a buyer from a bank, with the bank retaining the ownership title of the released assets. In an arrangement involving a trust receipt, the bank remains the owner of the merchandise, but the buyer is allowed to hold the merchandise in trust for the bank, for manufacturing or sales purposes.
The epitome of short-term loans, cash advance loans are typically smaller-sized loans with terms that average a week or two but extend up to three months in some cases.
Construction Equipment Financing
Medical Equipment Finance
Commercial /Fleet Financing
Lease Rental Financing
Loans against securities