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It's a short-term business loan used to finance day to day operational needs.
It's the process of managing a company's short-term finances to meet daily expenses.
Businesses need working capital to fund everyday operations and ensure smooth operations.
All the working capital solutions mentioned in this blog- cash credits, bank overdrafts, trade finance, short-term business loans, invoice factoring, and merchant cash advances are all examples.
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
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