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The finance is usually provided from three to ten years. Medium term finance is obtained for expansion and modernisation of the existing plant. The funds are used for small capital project or the development of new projects.
Sources of Medium Term Finance:
Loans from the commercial bank are one of the source to the business. The amount of loan to be advanced depends upon the credibility of the concern.Industrial Development Bank of Pakistan (IDBP) provides loan to manufactures of plant and machinery and other equipments.
Insurance companies provide loan on medium term basis. The loans are usually secured against the assets.Pakistan Industrial Credit and Investment Corporation (PICIC) provides loans for medium term basis. The corporation also participate in equity financing of the business share capital.Small Business Finance Corporation provides loan to the small business and unemployed youth to starting their business.
Sources of Medium Term Finance:
Loans from the commercial bank are one of the source to the business. The amount of loan to be advanced depends upon the credibility of the concern.Industrial Development Bank of Pakistan (IDBP) provides loan to manufactures of plant and machinery and other equipments.
Insurance companies provide loan on medium term basis. The loans are usually secured against the assets.Pakistan Industrial Credit and Investment Corporation (PICIC) provides loans for medium term basis. The corporation also participate in equity financing of the business share capital.Small Business Finance Corporation provides loan to the small business and unemployed youth to starting their business.
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