For a business or company transaction in current account is more helpful then others, because of multiple transactions (deposited and withdraw) can be made during banking hour. Bank also consider for granting loan's) for a good transaction making account's).
Commercial banks grants several types of loans-
- General Loan,
- Overdraft,
- Cash Credit,
- Packing Credit,
- LIM or Loan against Imported Merchandise.
Bangladesh Bank also grants a special type of loan/fund for a list of risk but promising Industry which defined as EEF (Equity and Entrepreneurship Fund). The list is not final; any Industry that seems this criteria can apply for this fund/loan.
LC ensure for getting payment from the importer company to exporter company. Types of LC are-
- Revocable,
- Irrevocable,
- Revolving,
- Transferable,
- Back to back,
- Red Clause,
- Green Clause,
- With recourse,
- Without recourse. |