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What is the Difference Between Cash Credit and Overdraft?

What is the Difference Between Cash Credit and Overdraft?

Cash credit and overdraft are two types of financing provided to their customers by financial institutions. Both are used to prevent bouncing checks or declining debit cards if insufficient funds exist in checking accounts. Both cover inadequate funds, but usually one is used by businesses only whereas Overdraft can be provided to both Businessmen & …

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Steps to take when applying for a machinery loan?

Steps to take when applying for a machinery loan?

The criteria for the funds and the time when to get funding are different for different industries. For e-commerce or technology start-ups, funding is needed after an early version of the product has been developed. However, for sectors such as manufacturing, construction, packaging, and others, proper machinery and equipment are required to help them carry …

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