A firm’s working capital is the money it has available to meet current obligations (those due in less than a year) and to acquire earning assets. Bank of Baroda offers corporations working capital finance to meet their operating expenses, purchasing inventory and receivables financing either by direct funding or by issuing a letter of credit.
- Funded facilities, i.e., the bank provides funding and assistance to actually purchase business assets or to meet business expenses.
- Non-funded facilities, i.e. the bank can issue letters of credit or can give a guarantee on behalf of the customer to the suppliers, government departments for the procurement of goods and services on credit.
- Available in both Indian as well as foreign currency.
Credits – BOB ( Bank of Baroda )