Running a successful business is challenging especially when one’s focus is on getting funds into place – instead of the business in hand. In order ensure that you and your business focus on your core potential we at NDF offer comprehensive and integrated working capital finance services. This can be made available through modes such as trade credit, cash credit, working capital loan, bank guarantee, bill-discounting etc.
1. Cash Credit :
A running account facility that can be extended for a short period of time and will be reviewed regularly. For this mode; banks generally help in lending money against any stock or debt, while the borrower is assured with the money is available any time – he/she only pays interest on the money utilised. An account closure can be initiated once the amount is totally repaid.
2. Bank Overdraft :
The most productive fund that is used by all small and big businesses. In this particular amount limit is sanctioned for utilizing the payments. The one thing a borrower should make sure is that it should not cross the sanctioned limit.
1. Bank Guarantee :
A non-fund based working capital – a bank guarantee in simple terms is a guarantee given by the bank on the behalf of the buyer to cover the risk of the seller if the payment from the buyer is not honoured. The bank takes complete responsibility of the seller and charges a commission from the seller as a form of security.
2. Letter of Credit :
Through letter of credit the buyer can make the bank pay the seller on his behalf as per the agreed performance of work and later the buyer can return the amount to bank.