Working Capital Guarantee

The BDIC can help your business obtain working capital financing (i.e. operating line of credit or overdraft from your bank) by guaranteeing the working capital arrangement with irrevocable Standby Letter of Credit.

There is an annual commission charge for guarantees which varies from 2% to 4%, depending on the credit risk involved.

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  • February 28, 2012 9:30 amSmall Business Accounting Basics

  AECv1.0 Created By Eran Miller

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