short-term credit - is provided by the bank for a short time the amount of money issued on terms of maturity, payment and repayment.As a rule, contracts with borrowers prescribed period for which you need to repay the loan, and the interest rate and the terms of lending to individuals differ from the principles of banking institutions with the population.Currently, short-term bank loans aimed at financing companies, divided into one-time loans, overdrafts and loans in the form of non-revolving or revolving credit line.
Deposit : Private companies can get short-term commercial loans, providing banking institution as collateral liquid assets, the sale of which in the case of non-payment of taken from a lender of funds can cover the amount owed to the bank.As the mortgage company may use residential or commercial real estate, vehicles and land, specialized equipment and equipment introduced to deposit money in circulation goods.
Overdraft : The proposed office bank overdraft - a short-term loan issued by businesses to cover temporary shortage of working capital used by the company in the national currency to firm to carry out the current estimates.Currently overdraft is done by payment of the payment documents over the remnants of funds in the current account of the company, within the originally agreed amount.And repaid overdraft from all funds received on the current account of the enterprise client.
Overdraft can expect commercial companies with spotless credit history.The sense of the variety of short-term loan is a banking institution that makes up for the lack of payment for the account of the enterprise-customer the amount of the situation if the current accounts of less money than is needed to make the payment.Moreover, the financial institution funds go directly to the current account of the recipient, the name of which is specified in the payment documents, and not on account of the company, which is a customer of the bank.
Overdrafts are usually repaid in the automatic procedure at the time the funds are credited to a client account, and the conditions of such a variety of lending is clearly prescribed in the contract, signed by the borrower and the lender.As a rule, the service is based on an overdraft of trust between the client company and a representative of the bank, so the borrower is not necessary to arrange credit agreements whenever the company lacks funds.
Loans for working capital : Businesses short-term loan provided for full funding of current economic activity.Through loans can be purchase of raw materials, various materials for the production of finished products, wholesale purchase of all kinds of goods, the purpose of which is their subsequent resale.
credit line : Often, short-term credit to commercial organizations is issued by opening a credit line.In this case, the customer's money issued as separate tranches over a specific period of time, under the originally stipulated in the contract limit, and the carrying out of special additional negotiations are required.
Non-revolving credit line - a kind of credit when installed within the banking institution limit commercial organization receives tranches for a specific amount in advance prescribed in the contract.In the case of revolving line of enterprise customer receives cash tranches and after the full repayment of new money can get loans within established limits and subject to the conditions set forth in the loan agreement.