Different Type of Lending

Let’s Talk Business Accounting and Finance Different Type of Lending

  • Post
    Marie Rayo
    Participant
    Hey guys I have a quick question, has anyone used a peer to peer lending service like lending club? I was looking for ways to obtain a different line of credit and ran across their company. I have found reviews online and they have been hit or miss and I was wondering if anyone had any personal experience with these types of services.
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    Akshay M
    Participant
    Banks lending for business activities can be divided as

    a) Short term lending basically covering Overdraft, Cash Credit against Stock / Receivables/ Book Debts.

    b) Long term lending like Term Loans.

    Based on nature of fund, lending can be classified into

    a) Fund based funding – involving out flow of funds like CC / TL, etc.

    b) Non Fund based funding like Letter of Credit / Bank Guarantee, etc.

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