cash credit interest rates

Short-term loans are a short-term source of financing for a business. As a result, a bank extends a short-term loan to a cash credit company. You can use your bank account to borrow up to a predefined amount. Companies can withdraw money from bank accounts without maintaining credit balances. They assess interest on amounts borrowed, not on borrowing limits. Applying for a cash credit loan  The bank or lender looks at the current assets and liabilities of the business after the business submits a cash credit application. Generally, the bigger the business's financial position, the bigger the amount of cash…