Cash Credit Facility
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Cash Credit Facility
Cash credit loans, or working capital loans, are developed to take care of these business requirements. The business may use these funds for any kind of operational expenses including raw material procurement, machinery purchase, overhead costs, debt settlement, inventory costs, etc.
Documents Required for Availing Cash Credit Facility
The applicant must submit the following list of documents to avail a cash credit loan:
- Financial statements certified by a CA
- Bank account statement for at least 6 months
- IT returns for at least a year
- Loan repayment record (if applicable)
- Proof of collateral
- Other relevant documents requested by the bank
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