How do I write a Project Proposal?
If you want to get the money from the bank to accomplish your business requirements, the first step towards getting the loan is writing a project proposal for a bank loan. When you plan a project proposal to get a loan, remember that you are writing to inform and persuade lenders. But also writing [...]
Bill Discounting or Invoice Discounting
Bill discounting or invoice discounting is a method of sourcing working capital from future payables. Furthermore, the bill of exchange to the financial institution recovers the number of sales before it gets matured. Bill discounting is a major trade activity. It aids the company’s outstanding bills which are due to be paid at a future [...]
Cash Credit Loan
A cash credit loan is a type of working capital loan for a company to meet its working capital requirements. The money can be withdrawn against the hypothecation of stocks and receivables. It can be availed either in the form of a secured loan or an unsecured loan. Cash credit has a loan repayment [...]
Point of Sale (POS) System
The Point of Sale (POS) System serves as the central element of your business. A POS is a location where your customer makes a payment for products or services at your shop. Simply put, it’s the centre where everything like sales, inventory management, payment processing, and customer management merges. Today, modern POS systems are [...]
What is a Line of Credit (LOC)?
A line of credit (LOC) is a preset borrowing limit that borrowers can withdraw at any time. It is an arrangement between a financial institution, usually a bank, and a client. The borrower can obtain money as needed until reaching the limit. It is a flexible loan from a bank or financial institution. Similar [...]
What is a Letter of Credit?
A letter of credit, or "credit letter" is a letter from a bank guaranteeing payment. They can provide security to a seller that will be received on time and for the correct amount. If the buyer is incompetent to make such a payment, the bank covers the full or the outstanding amount on behalf [...]