A cash credit loan is a type of short-term financing provided by banks to businesses to meet their working capital needs. It allows companies to withdraw funds up to a predetermined limit against collateral, usually inventory or receivables. The loan operates like a revolving credit line, where the borrower can use the funds as needed and repay them to reuse the credit limit. Interest is charged only on the amount utilized, not the entire credit limit. This flexibility helps businesses manage their cash flow more effectively, covering expenses such as payroll, inventory purchases, or other operational costs.
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