Cash Credit Facility
Cash Credit loans for SMEs provide a revolving line of credit based on the borrower’s inventory, receivables, or other eligible assets. They offer flexibility, allowing you to withdraw funds as needed and repay them to replenish the credit limit. Interest is charged on the amount utilized, making them cost-effective for your short-term business financing needs.
What are the benefits of getting a Cash Credit Loan for SMEs?
Cash Credit help with easy and fast cash liquidity, interest payments based on the actual amount utilized, and the potential to build a positive credit history and improve creditworthiness through timely repayment. Moreover, the interest you pay on this kind of a loan is tax deductible.
What is the best use of a Cash Credit Loan for SMEs?
Cash Credit loans can help you manage your daily operational expenses, bridge cash flow gaps, purchase inventory or raw materials, finance short-term projects, cover payroll, manage seasonal fluctuations, or take on a growth opportunity that require immediate funding.
