Easily Create CMA Report
CMA report is often requested by Bankers while sanctioning or renewing credit facilities.
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CMA Report Preparation
CMA refers to Credit Monitoring Arrangementdata. It is the report to be presented to bank to show your past financial history, current financial position and future financial planning.It covers 7 statements related to finance. CMA data preparation and presentation is necessary for bank loan or working capital loan or for seeking CC limit. A professionally prepared CMA report can improve the chances of obtaining bank loan.
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Different Types of Bank Loan Facilities
A term loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.Term loan is sanctioned by Banks for purchase of fixed assets like land, building, equipment and other types of assets. Repayment is fixed over a period of 5 years with EMI payments or bullet payments.
A mortgage loan is a debt instrument. Normally, people take mortgage loans to purchase property like home, land etc. A mortgage loan helps you raise money so that you can make up for your financial shortage and also purchase what you want. Mortgage loan is a Secured Loan. The loan is secured on the borrower's property.
Letter of Credit
A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller, in the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
Working capital loan is sanctioned by Banks for working capital purposes like holding of inventory, receivables and build-up of other current assets in a business. Working capital facilities are renewable every year.
A Bank guarantee is a promise from a bank that the liabilities of a debtor will be met in the event that you fail to fulfill your contractual obligations. Bank guarantees are typically requested while executing large projects.