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In this video, we discuss the different types of loans available for financing your rice export or any other export business. We cover term loans, overdraft loans, loans against security, export packing credit (EPC), and LC-based financing. The key is to choose the right loan wisely for your specific business needs. For beginners with no prior business experience, an overdraft loan is recommended as it offers flexibility and interest is calculated only on the amount used.
Once your business becomes stable and predictable, you can consider switching to a term loan. We also provide insights into post-shipment and pre-shipment finance for exports. Stay tuned for more informative videos on financial topics related to business. If you have any questions or suggestions, please leave them in the comment section below. Thank you!
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One platform where all your answers related to EXPORTS, RICE, AND RICE EXPORTS will be cleared! At PWIP Channel, we want to educate and guide you through everything you need to know about Rice and Rice exports. Interested in beginning or scaling up your export journey? PWIP is the perfect place for you! Check out our KZbin channel to learn how to find buyers, arrange shipments, and more. And if you're a rice miller or rice trader who wants to grow your business into both national and international markets, PWIP is here to help! What are you waiting for then? Come Join PWIP and start learning from 8+ years of experienced rice exporters himself!
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