Invoice Financing
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.
Receivables Financing
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.
Overdraft
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.
Letter of Guarantees
i)Payment Guarantees
ii)Bid Bond
iii)Performance Guarantee
iv)Etc