Domestic business is where a company has economic transactions that are done within the country's geographical limits.
A secured loan is a loan backed by collateral—financial assets you own, like a home or a car—that can be used as payment to the lender if you don't pay back the loan. The idea behind a secured loan is a basic one. Lenders accept collateral against a secured loan to incentivize borrowers to repay the loan on time.
An unsecured loan is a loan that doesn't require any type of collateral. Instead of relying on a borrower's assets as security, lenders approve unsecured loans based on a borrower's creditworthiness.
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. ... Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. This Facility comes as “Without Recourse”. Normally this is facility is created against Collateral or Bank Guarantee. For Domestic, we can arrange for Purchase Invoice Discounting and Sales Invoice Discounting.
A Business overdraft is a credit facility that allows you to withdraw an amount as and when needed. You can also repay the withdrawn amount at your convenience. Hence, it is one of the most preferred credit options availed to meet varied personal funding requirements without limit. This is available against Collateral or Cash Credit Account.