Cash credit

From Wikipedia, the free encyclopedia

Cash Credit is a short-term cash loan to a company. A bank provides this type of funding, but only after the required security is given to secure the loan. Once a security for repayment has been given, the business that receives the loan can continuously draw from the bank up to a certain specified amount. This type of financing is similar to a line of credit.

Sometimes bank funding is just out of the question. Unless your business has excellent credit and a proven track record, a bank loan will be nearly impossible to obtain. Trying to find alternative sources of funding can also seem like a duanting task since there are so many options to choose from. A capital directory can make this process faster and easier since it organizes the criteria of each individual funding source and allows you to find a perfect funding match for your business. No more manually sorting through thousands of different lenders and types of funding to guess which one might be right for you business.