For firms and companies, cash credit (CC) is a source of short-term financing. Working capital loans are sometimes known as cash credits since they help firms with their immediate cash needs or with the purchase of current assets.
It is borrowed for a little period, and the payback period is similarly limited to 12 months or fewer. Financial institutions and enterprises employ cash credit, and when combined with collateral, a loan is accepted based on the relationship between the bank and the customer. At Invikraft, we help you get cash credit from the bank by sorting all your documents and making the procedure easy. Cash credit is a secured type of line of credit because the bank requires collateral. Business vintage, or the number of years the company has been in operation at the time the cash credit is borrowed, becomes a condition.
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