Cash Credit
Cash Credit
Cash credit, often referred to as a cash credit facility, is a type of short-term borrowing arrangement offered by banks or financial institutions to eligible businesses. It allows businesses to withdraw funds up to a specified credit limit whenever needed to meet their working capital requirements.
- Flexible Borrowing
- Quick Access to Funds
- Effective Working Capital Management for Businesses
- Supports Growth Initiatives for Businesses
Features & Benefits:
- Business Entity
- Financial Documents
- Business Plan or Proposal
- Purpose of Utilization
- Insurance on Asset
- Consent of Existing Lien Holders (if applicable)
