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Difference Between Cash Credit And Overdraft

Apart from the above two, you can also look into invoice discounting as a viable financing solution to meet any type of business requirements. Understand your needs and then choose one option that fits your business the best.

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Difference Between Cash Credit And Overdraft

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  1. Difference Between Cash Credit And Overdraft Simple | Fast | Reliable

  2. Cash Credit Since cash credit and overdraft are both lines of credit facilities offered by lenders, it is rather easy to be confused. Cash credits are short-term financial solutions that a business house can avail by securing any tangible company asset. This could be raw materials from the inventory, stocks or even account statements. As opposed to OD, cash credits are generally offered to business houses and not individuals.

  3. Overdraft Accounts Overdraft is an ideal and super flexible financing option for individuals as well as business owners, especially in unforeseeable emergencies. If you run short of funds in your OD account to complete a transaction, the overdraft facility will cover the difference and let the balance drop to the negative side of the scale. This process of offering an emergency credit to the overdraft account holder, when the balance drops below zero, is called overdraft protection.

  4. Bottom Line Apart from the above two, you can also look into invoice discounting as a viable financing solution to meet any type of business requirements. Understand your needs and then choose one option that fits your business the best.

  5. Thank You Info@kredx.com www.kredx.com +91 8892043534 Delhi Bangalore Mumbai Simple | Fast | Reliable Apeejay Business Centre,6th Floor, Arunachal Building, 19 Barakhamba Road, Connaught Place, New Delhi - 110001 Ground Floor, Tower A, Salarpuria Softzone, Wing 'a, Outer Ring Rd, Bellandur, Bangalore - 560103 Wework, 14th Floor, 247 Park, Vikhroli West, Mumbai, Maharashtra - 400079

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