Medium term sources of finance are those that a company pays back in 1 to 5 years, and they include bank loans, hire purchases and leases. Some countries' governments also offer special programs that offer medium term financing for companies, such as the Enterprise Finance Guarantee program in the United Kingdom. The purpose of such financing is to help companies expand or buy assets.
When companies choose loans for medium term financing, they have to pay interest and may also have to show they have enough assets to serve as security for the loan. A hire purchase is similar to a loan but is when a company buys a specific asset and pays installments to the seller; the interest rate is usually higher than for loans. Leasing is an option for companies who want to rent an asset and possibly someday buy out the lease.Learn More
LVNV Funding LLC is a debt collection company that purchases debt from credit grantors (like banks) and other credit owners, and then tries to recover the debt. LVNV Funding is part of Resurgent Capital Services LP, a debt collection and management group.Full Answer >
According to Made Man, it is possible to check the balance on a Vanilla Visa gift card by calling the Visa customer service number at 800-571-1376. The balance can also be checked at the Vanilla Visa website.Full Answer >
A credit card is used for making purchases that are paid for at a later date. If a transaction is approved, the card issuer pays for the transaction on behalf of the cardholder and then bills the cardholder for the amount of the purchase.Full Answer >
A non-bank financial intermediary is a financial services firm that does not accept deposits from the general public. It may offer a variety of financial services including leasing, factoring, pension funds, mutual funds and insurance plans. Some non-bank financial intermediaries are also venture capitalists.Full Answer >