Equity financing is the process of raising capital through the sale of shares.
Companies raise money because they might have a short-term need to pay bills or they might have a long-term goal and require funds to invest
in their growth. By selling shares, they sell ownership in their company in return for cash. Equity financing comes from many sources; for example,
an entrepreneur''s friends and family, investors, or an initial public offering (IPO). Industry giants such as Google and Facebook raised billions in capital through IPOs.
1. CC: Cash credit
2. BG: Bank guarantee
3. LC: Letter of Credit